Senior Market Risk Analyst

FHLB Dallas actively pursues dedicated and hardworking individuals to be a part of our professional team. Positions are offered on an as-needed basis for all departments. View our current opportunities by clicking the View Open Positions tab above.

Provides technical expertise related to the Bank’s financial risk identification, measurement, management and control processes. Assists the Director of Market Risk and other market risk managers in maintaining the Bank’s portfolio valuation process, in developing new or enhanced market risk management analytics and in designing and maintaining the Bank’s market risk management modeling system. Researches a variety of market risk management concepts, performs income forecast modeling analytics and performs portfolio variance analysis. Provides accurate, timely, and reliable measures of the Bank's exposure to market risk consistent with the Bank’s market risk policy, management guidelines, FHFA regulations, model risk management policy and financial reporting requirements

PRIMARY RESPONSIBILITIES:

• Supporting, maintaining and enhancing the Bank’s risk and income forecast models. Maintain and enhance the Bank’s market risk measurement process for portfolio valuation and interest rate risk sensitivity analysis. Provide analysis on risk metrics, fixed income derivatives and hedging strategies.
• Support Market risk's daily and monthly process. Responsible for performing various daily/monthly risk valuation reports. Perform detailed quantitative and qualitative analysis with supporting documentation of the key risk indicators that impact the Bank’s market risk exposure. Prepare periodic reports and in-depth analyses of the Bank's risk exposure. Supporting model upgrade, maintenance, new product modeling and development. Responsible for models performance monitoring. Facilitate the continuous improvement of the Bank’s proprietary and third-party market risk modeling software and the market risk measurement process.
• Assist department management in designing and maintaining production jobs. Assist department management in designing and maintaining risk reporting process, lead automation projects to improve efficiency and effectiveness of the Bank’s risk processes. 
• Serving as the primary backup to income forecasting function. Review regular income forecasting reports for accuracy.
• Develop and maintain the department’s operational procedures, processes, and applications. Helps the Director design and maintain a strong system of internal controls to ensure the integrity of the Bank’s risk valuation and reporting processes.
• Performing a variety of complex ad hoc analysis. Perform other related duties as assigned.

JOB REQUIREMENTS:

• Master’s degree in a quantitative discipline i.e. finance, economics, mathematics.
• CFA or FRM designation desirable.
• At least 3 years of work experience related to financial risk measurement and fixed income analytics using a portfolio valuation software (Polypaths, QRM, Intex, Prepayment model …); strongly prefer experience with Polypaths risk model and ADCo prepayment model.
• In-depth knowledge of fixed income risk management theory and practice including, term structure modeling portfolio valuation, derivative pricing and, mortgage prepayment and credit modeling. Significant experience in fixed income analytics. (cash flow and sensitivity analysis)
• Working experience in VBA, Power BI, . Bloomberg Terminal.
• Excellent interpersonal, communications, and organizational skills combined with ability to plan, organize, and carry out multiple project assignments.

FHLB Dallas Offers a Professional, Inclusive Culture

FHL Bank Dallas employees are committed to and exemplify the following principles:

• Service to our members is first and foremost
• All business will be conducted honestly and ethically
• Each employee contributes to customer service by directly serving our members or supporting those who do
• Interaction with members should focus on building professional relationships and helping customers achieve their goals
• Cooperation and teamwork throughout and across all levels of FHLB Dallas are essential to its effectiveness
• Colleagues and members will be treated with the utmost respect and dignity

FHLB Dallas provides equal employment opportunity to all individuals without regard to race, religion, color, sex, age, marital status, ancestry, veteran status, disability, or national origin. FHLB Dallas will consider for employment all persons on an individual basis consistent with job-related criteria without regard to visible and non-visible disabilities. Equal opportunity applies to all employment practices, including recruitment, screening, hiring, compensation and training, as well as other conditions and privileges of employment.