ERM Market Risk Analyst II

Our core mission at FHLBank Indianapolis is to provide reliable and readily available liquidity to our member institutions to support housing finance and community development. Simply put, we’re a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. We also assist in meeting the economic and housing needs of communities and families through grants and subsidized advances that support affordable housing and economic development.

• Flexible hybrid workforce model:
  Onsite three days a week and two days remote. We also offer remote flex days!
• 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:
  We will help you repay outstanding student loans!
• Awesome Benefits Package:
  Medical, dental, vision benefits and pet insurance.
• Generous time off:
  Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program
• “Dress for your day” dress code:
  You choose the appropriate work attire based on what your day looks like.

The ERM Market Risk Analyst II is responsible for providing financial and analytical information to bank management to support risk and business‑related decision‑making with a focus on market risk analysis. The role resides in the Enterprise Risk Management department, whose primary focus is identifying, measuring, monitoring, and reporting the level and trends of risk within the organization.

• Risk measurement, monitoring, and reporting:
  Supports the production of market risk analysis and reporting, including balance sheet risk analysis, valuation of financial instruments, stress testing, sensitivity analysis, and risk analysis related to fixed income and derivatives. Produces timely, accurate, and relevant reporting.
• Market & Portfolio Analysis:
  Researches and applies quantitative techniques and other data science applications toward the analysis of solutions to important cases for risk management purposes. Be a key resource for explaining risk numbers, new risk analytics, data issues, market information, risk modeling, testing, and implementing new models and systems. Performs or assists in ad‑hoc analyses in a timely manner. Uses the Poly Paths platform along with quantitative tools and techniques to measure and analyze valuations of financial instruments and risk model results to reach conclusions on changes in risk positions.
• Systems & Data Management:
  Assists in general improvement, automation, and maintenance of the market risk reporting environment, databases, scripts, testing, and tasks. Actively develops or redesigns processes to improve efficiency in processes and analytics. Maintains ongoing reporting processes pertaining to market risk, including model change approvals, validation recommendations, and other remediation steps.
• Stakeholder
  
  Collaboration:
  
  Clearly communicates technical details related to market risk management and model assumptions to management, team members, and supporting staff across the organization.
• Model Validation & Development Support:
  Participates in model development and, as needed, in the tuning/assessment of market risk models. Performs user acceptance testing.
• Regulatory Compliance:
  Interacts with market risk validators about market risk processes, controls, and documentation, demonstrating adherence to applicable regulations and internal policies. Writes clear documentation on market risk processes and controls to meet standards set by the Model Risk Management Group, as well as regulatory (FHFA) modeling Advisory Bulletins.
• Continuous Learning:
  Stays current with technical enhancements, methodologies, statistical, mathematical, and analytical/computational techniques, and trends related to market risk management. Researches, understands, and implements next‑generation analytical capabilities in Enterprise Risk Management and market risk core functions to support market risk management understanding, regulatory…