Market Risk Analyst ; Entry Level

The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than 420 banks, credit unions, insurance companies, and community development financial institutions that access tens of billions of dollars of our reliable, wholesale funding each year.

Our funds are a vital resource that helps our members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region.

Our highly skilled team of 220 is innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team. We offer opportunities for career development, robust benefits, and a work-life balance.

This position has two (2) openings: one role will report to the Manager of Market Valuation, and the other will report to the Manager of Income Simulation and Liquidity Risk. The Bank does not sponsor employment for entry-level roles.

The Market Risk Management Team is responsible for the measurement, reporting and analysis of the Bank’s exposures to interest rates and other factors affecting market value and projected earnings.

The Market Risk Analyst I is responsible for utilizing the Bank's market risk analysis models in achievement of the team’s objectives. In addition, the Analyst is accountable for generating timely reports and analyses for use by internal management, the Bank's Board of Directors, external and internal auditors, and the Federal Housing Finance Agency. The incumbent is responsible for ensuring the integrity of the risk analysis models’ databases and assumptions, and for producing quality, representative assessments of the Bank’s risk exposure in its balance sheet, portfolios, and transactions.

The Analyst I is also charged with the compilation of market, transactional, and financial statement data to create appropriate processing environments in the Bank’s risk analysis systems and may provide input on a variety of key drivers of the models, including macro-economic research related to the economy and the housing market, statistical analytic methodologies, back testing and benchmarking, etc. The incumbent is also responsible for documenting procedures and maintaining controls to guarantee the continuous availability of accurate and timely financial information.

The ideal candidate will be a self-starter with a financial and/or quantitative background. Solid interpersonal skills, coupled with effective communication techniques, must be demonstrated, along with the ability to meet competing deadlines and a thirst for learning.

This role will have a hybrid work schedule in our Boston office in accordance with the Bank’s Hybrid Work Program. More time will be expected in the office to support onboarding initially.

The anticipated base pay range for this role is $62,050 - $94,900. This role is classified as non-exempt.

This role is based in Boston with weekly in-office expectations. The base pay posted represents the annual base pay range or hourly wage range that we expect to offer for this job opportunity. The actual base salary offer will depend on a variety of factors including relevant experience, required skills and other relevant factors. The range noted here is not indicative of all positions in the job grade within which this position falls.

All Bank full-time positions are eligible to participate in our annual incentive program and our robust total rewards offerings, in addition to the base pay.

• Update risk analysis models on the appropriate frequency, including but not limited to, underlying assumptions and transactional attributes, application of existing data management routines, and incorporation of current economic and market trends
• Genera…