Financial Valuation Analyst - Hybrid

Don't let our name scare you, we are not your average bank.

With nearly a century of service, FHLBI is one of 11 independent regional cooperative banks across the U.S. Simply put, we're a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. As a cooperative, we are dedicated to strengthening communities throughout our region.

But enough about us, let's talk about you.

Are you looking for a company that views their employees as their greatest asset?

A company that's dedicated to making a difference in the community? So much so they pay their employees to volunteer?

Do you want to join a talented workforce that prioritizes diversity, equity and inclusion, and promotes learning and development, unique skills/ideas, and employee engagement?

If you've said yes to these questions, then we might be a match!

Here is what we offer:

• Flexible hybrid workforce model: Onsite three days a week and two days remote. We also offer five fully remote weeks per year!
• Fantastic, competitive pay and total rewards
• Industry-high 401(k) match: up to 6% PLUSan additional 4% contribution!
• Tuition reimbursement assistance: To help you continue to develop personally and professionally.
• Student loan repayment assistance: That's right, we will help you repay outstanding student loans!
• 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
• "Dress for your day" dress code: You choose the appropriate work attire based on what your day looks like.

Purpose:

To provide ownership of valuation and hedging accounting processes with an emphasis on quantitative analysis, research, derivatives modeling in risk management systems, and accounting impacts on financial performance.

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.

Specific Responsibilities:

• Review and analyze month-end valuations of the Bank's derivative and hedge portfolio to determine the reasonableness and appropriateness of the assumptions.
• Review and analyze hedge effectiveness testing results of the Bank's derivative portfolio at inception and month-end. Investigate and document changes in effectiveness.
• Review unhedged trades.
• Review market value comparison and analysis of derivative market values against counterparty marks and review derivative market value profiles by counterparty. Review, investigate and report differences above established thresholds as well as the reasonableness of established thresholds. Additionally, complete analysis reports to detail trending of market valuations.
• Lead cross functional team (front office, middle office, back office, CRM and FSE representatives) responsible for review and analysis of derivative valuation and hedging. Document meetings and assumptions used and communicate results to the Market Data Governance working group.
• Maintain and keep current procedural documentation, including Sarbanes-Oxley controls evidence, on the valuation and hedging process.
• Work with Calypso model owner and be responsible for documentation, updates, validation coordination and development efforts with the FSE team.
• Serve as back-up for middle office responsibilities
• Additional duties as assigned.

Position Requirements:

• B.A. with a concentration in finance, economics, mathematics or statistics. MBA or CFA preferred.
• Minimum of five years' experience in instrument valuation with understanding of hedge effectiveness testing or statistical modeling.
• Strong analytical skills and an in-depth knowledge of sophisticated capital market instruments including mortgages, mortgage backed securities and derivatives with embedded options. Broad understanding of financial accounting.
• High degree of initiative.
• Excellent oral and written communication skills and the ability to interact effectively with senior management.
• Very detail-oriented. Ability to assume complex assignments with minimal direction.
• High level of proficiency with sophisticated valuation models and end-user computer tools such as Microsoft Excel and Access, etc.
• Must not have been convicted on any civil or criminal charge that would suggest a risk to Bank security.
• Ability to work full time. Some overtime may be required.
• Ability to uphold and model the Bank's Guiding Principles.

FHLBank Indianapolis is an Equal Opportunity Employer.