Model Risk Analyst II

FHLBank Indianapolis is a bank for banks, credit unions, and community development financial institutions that provides reliable and readily available liquidity to support housing finance and community development. The company offers a flexible hybrid workforce model, competitive pay and total rewards, and a comprehensive benefits package. We are looking for a Model Risk Analyst II to assess the Bank's model risk through model validations, risk reviews, and ongoing analysis.

Requirements

• Advanced degree with a concentration in Computational/Quantitative Finance, Statistics, Mathematics, Computer Science, Economics, or some other quantitative discipline.
• Work/internship experience is desirable.
• 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 strongly preferred.
• Hands-on experience with machine learning/artificial intelligence models is highly desirable.
• Must have a high level of proficiency with Microsoft Office applications (Excel, Word, PowerPoint, Outlook). Experience with PowerBI is desirable.
• Strong written and oral communication skills required. Ability to write clear technical reports and memos.
• Understanding of current regulatory guidance on model risk management, including FHFA’s AB 2013-07 and AB 2022-03, OCC Bulletin 2011-12, or FRB SR 11-17, desirable.

Benefits

• Flexible hybrid workforce model
• Fantastic, competitive pay and total rewards
• Industry-high 401(k) match: up to 6% PLUS...an additional 4% contribution!
• Tuition reimbursement assistance
• Student loan repayment assistance
• Awesome Benefits Package: Medical, dental, vision benefits and even pet (you read that right) insurance!
• Generous time off: Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program