The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join the Corporate Credit Risk Analysis team. As a direct report to the Director of Credit Risk Analysis, the incumbent of this position is responsible performing credit analysis through measuring, monitoring, and evaluating the risk for the bank's advances portfolio, with a focus on qualitative risk analysis and research.
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.
•Perform qualitative credit risk analysis and research of bank’s members and counterparties.
•Stay well informed of industry trends, incorporating historical context, related to credit risk, including potential impacts to the Bank.
•Evaluate, from a credit risk perspective, applications of proposed new FHLBank Indianapolis members.
•Conduct special risk assessments on as-needed basis.
•Give regular updates and reports to the Director of Credit Risk Analysis and/or Chief Risk Officer.
•Perform high level quantitative analysis of members (insurance and depository) using financial metrics such as risk-based capital ratios, financial leverage, product line risks, business trends, etc. and/or market based risk metrics such as equity performance, credit default swap spreads, etc.
•Evaluate and analyze snapshot and trends in overall composition of the Bank’s advances portfolio, pledged collateral, product tenors/terms, concentration, etc.
•Periodically conduct stress tests on valuation of collateral pledged by members.
•Perform valuation and performance benchmarking exercises.
•Periodically, on a sampling basis or as needed basis, independently value collateral using various valuation tools.
•Prepare ERM credit-related departmental reports monthly, quarterly, and/or prepare ad hoc analysis.
•Assist with developing and maintaining policies and procedures regarding ERM’s credit measurement, monitoring and evaluation.
•Develop knowledge in insurance company credit risk analysis, and through news and other media, seminars and training classes, remain current on insurance industry events and developments.
•Prepare reports as needed for Risk Committee or Risk Oversight Committee of the Board.
•Responsible to meet department productivity and quality goals.
•Analyze issues effectively.
•Work with management to achieve goals.
•Adheres to workplace rules and normal working hours, and overtime as needed.
•Communicate and interact effectively with managers, peers and supervisors.
•Ability to problem-solve effectively.
•Responsible for monthly income simulation process for Enterprise Risk Management.
•Maintain the model and continuously improve its assumptions and explain to senior management the impact of changing market conditions on the bank’s annual net income.
•Assist Treasury Risk Analytics group in the Annual Financing Forecasting process.
•Play a key role in the implementation of the enterprise wide-stress testing.
•Perform mark to market valuation, such as FAS 157 OAS calculations, for Market Risk Reporting process.
•Support the production of market risk analysis and reporting, including balance sheet risk and work on special projects as required.
•Assist in general improvement, automation, and maintenance of QRM environment, databases, testing (e.g. QRM upgrades) and tasks.
•Perform shared QRM runs, tasks & reporting, coordinating responsibilities with ERM staff.
•Be a key resource for explaining risk numbers, R&D projects, new risk analytics, data issues, market information, risk modeling, testing and implementing new models and systems etc.
•Develop, generate and explain complex financial information requests in a timely and accurate manner for Bank management, the FHFA or other parties as required.
•Perform or assist in ad-hoc analyses in a timely manner.
•Finance/business undergraduate degree; with MBA or CFA preferred; credit analysis background/experience (3+ years) preferred or equivalent graduate degree.
•Excellent analytical and communication skills with strict attention to detail.
•Ability to interact with FHLBank Indianapolis personnel and others outside the bank.
•Knowledge and ability to use computer tools in analysis of financial data.
•Specifically, experience using Microsoft Office products such as Word, Excel, and Access is preferred.
•Ability to work full time.
•Must not have been convicted on any civil or criminal charge that would suggest a risk to bank security.
FHLBank Indianapolis is an Equal Opportunity Employer.