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The Federal Home Loan Bank of Indianapolis (FHLBI) has an exciting opportunity for a highly motivated individual to join our Financial Systems Engineering team. The Financial Systems Engineering Valuation Manager (Manager) is responsible for the management and delivery of comprehensive components dependent on the Calypso technical platform (including future enhancements). The manager is specifically responsible for the management and oversight of the Calypso model by ensuring ongoing operation and support of the model in compliance with internal policies and regulatory requirements. In particular, the Manager is responsible for the implementation of Calypso design and configuration in support of new product and hedging strategy development. This position requires specific expertise to support all aspects of the Bank’s valuation of financial instruments.
The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The Bank reserves the right to alter or amend this description at any time.
◾Responsible for Calypso model management and development using a structured and disciplined approach to model development, testing, validation and use, executed through a formalized control framework throughout all stages of the model lifecycle.
◾Responsible for hedging strategy and product development support, works directly and collaboratively with Bank staff by working in a hands on approach with all in scope systems, configuring them and testing that they meet business requirements. Ensuring delivery of high quality service, consultation, and capability delivery to internal customers through an understanding of business needs while simultaneously ensuring compliance with all model requirements.
◾Supports Calypso hedge accounting configuration related to inception hedge effectiveness testing, daily hedge effectiveness testing, financial instrument valuation, analysis and review of market data integrations, curves and volatility surfaces.
◾Develops and manages relationships throughout the organization to reinforce a culture of partnership and collaboration. Communicates clearly on both one-on-one and group levels.
◾Accountable for evaluating the impact of proposed changes to the Calypso model or service (either via projects, initiatives, or releases); identifying and evaluating risks and responses and making recommendations to the Director, Core Banking Operations whether changes should be approved.
◾Provides supervision and management direction to the Financial Valuation Analyst. Responsibilities include hiring, training and development, work assignments, team building, cross-training, back-up coverage, human resources functions and disciplinary actions. Ensures a productive, supportive, and collaborative environment to team members.
◾Participates in the short and long-term goals of the department. Integrate organization’s mission and philosophy to provide meaning in work. Responsible for the understanding of department and company goals, mission and philosophy.
◾Other duties, as assigned
◾B.S. in finance, mathematics or statistics. MBA or CFA preferred.
◾Minimum of ten years of experience in finance, accounting or financial valuation.
◾Minimum of five years of experience in employee supervision preferred.
◾Demonstrable knowledge of business concepts applicable to financial instruments, finance, financial modeling, accounting, processes and internal controls.
◾Strong analytical skills and in depth knowledge of sophisticated capital market instruments including mortgages, mortgage backed securities and derivatives with embedded options.
◾High level of proficiency with sophisticated valuation models and end-user computing tools.
◾Ability to become a knowledgeable resource on one or more mission critical systems (e.g., Calypso, etc.).
◾Ability to conceptually model solutions using a variety of standard notations and viewpoints.
◾Excellent oral and written communication skills.
◾Must be able work outside normal hours of 8 AM to 5 PM, as needed, to meet objectives.
◾Must not have been convicted on any civil or criminal charge that would suggest a risk to Bank security.
◾Ability to work full-time.
FHLBank INDIANAPOLIS is an Equal Opportunity Employer.