FHLBank Indianapolis seeks a Senior Model Risk Analyst to assess the bank's model risk through model validations, risk reviews, and ongoing analysis. The successful candidate will be responsible for validating financial models, reviewing model changes, and developing benchmarking models and data analytical tools. They will also provide independent opinions on modeling and model validation issues, assist in third-party model validation, and participate in audit and regulatory exams.
Requirements
- Advanced degree with a concentration in Computational/Quantitative Finance, Statistics, Mathematics, Computer Science, Economics, or some other quantitative discipline.
- At least one year of experience working in a related field, such as model risk management, predictive modeling, financial modeling, optimization, and data science.
- Understanding of financial market concepts and fixed-income instruments, including mortgages and MBS, interest rate derivatives, fixed-income analytics and risk metrics, prepayment forecasts, interest rate modeling, probability of default and credit loss modeling, and stress testing.
- Proficiency with at least one of the programming languages, such as Python, R, Julia, or MATLAB, is required. Python is the preferred programming language.
- Hands-on experience with machine learning/artificial intelligence models is highly desirable.
- Hands-on experience with valuation tools/libraries, such as PolyPaths, QRM, Calypso, Yieldbook, FINCAD, and Numerix, is desirable.
- Must have a high level of proficiency with Microsoft Office applications (Excel, Word, PowerPoint, Outlook). Experience with Power BI is highly desirable.
- Strong written and oral communication skills required.
- Ability to think critically and independently, highly self-motivated, and able to multitask and manage competing priorities.
Benefits
- Flexible hybrid workforce model: Onsite three days a week and two days remote.
- Fantastic, competitive pay and total rewards
- Industry-high 401(k) match: up to 6% PLUS...an additional 4% contribution!
- Tuition reimbursement assistance: To help you continue to develop personally and professionally.
- Student loan repayment assistance: That’s right, we will help you repay outstanding student loans!
- Awesome Benefits Package: Medical, dental, vision benefits and even pet insurance!
- Generous time off: Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program
