Federal Home Loan Bank of Dallas
Market Risk Lead
Federal Home Loan Bank of Dallas, Irving, Texas, United States, 75061
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 RESPONSIBLITIES:
* Responsible for supporting and maintaining 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.* Act as the department's subject matter expert for risk modeling valuation process. Lead model upgrade, new product modeling and development. Facilitate the continuous improvement of the Bank's proprietary and third-party market risk modeling software and the market risk measurement process.* Support Market risk's daily and monthly process. Prepare periodic reports and in-depth analyses of the Bank's risk exposure. Perform detailed quantitative and qualitative analysis with supporting analysis of the key risk indicators that impact the Bank's market risk exposure.* Serving as the primary backup to income forecasting function. Review regular income forecasting reports for accuracy.* Assist in the prepayment modeling and monitoring.* Develop and maintain the department's operational procedures, processes and applications. Assist the Director in designing and maintaining a strong system of internal controls to ensure the integrity of the Bank's modeling and risk valuation process.* Other duties as assigned.
JOB REQUIREMENTS:
* Bachelor's Degree in a quantitative discipline such as finance, economics, mathematics or statistics. Master's Degree in quantitative degree preferred.* CFA or FRM preferred.* 5+ years of experience in a quantitative financial risk management role, preferably within the banking or financial services sector.* 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.* Practical experience using portfolio valuation software (Algorithmics, QRM, Polypaths …) and modeling tools (SAS, FinCad, Intex…).* 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.
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 RESPONSIBLITIES:
* Responsible for supporting and maintaining 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.* Act as the department's subject matter expert for risk modeling valuation process. Lead model upgrade, new product modeling and development. Facilitate the continuous improvement of the Bank's proprietary and third-party market risk modeling software and the market risk measurement process.* Support Market risk's daily and monthly process. Prepare periodic reports and in-depth analyses of the Bank's risk exposure. Perform detailed quantitative and qualitative analysis with supporting analysis of the key risk indicators that impact the Bank's market risk exposure.* Serving as the primary backup to income forecasting function. Review regular income forecasting reports for accuracy.* Assist in the prepayment modeling and monitoring.* Develop and maintain the department's operational procedures, processes and applications. Assist the Director in designing and maintaining a strong system of internal controls to ensure the integrity of the Bank's modeling and risk valuation process.* Other duties as assigned.
JOB REQUIREMENTS:
* Bachelor's Degree in a quantitative discipline such as finance, economics, mathematics or statistics. Master's Degree in quantitative degree preferred.* CFA or FRM preferred.* 5+ years of experience in a quantitative financial risk management role, preferably within the banking or financial services sector.* 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.* Practical experience using portfolio valuation software (Algorithmics, QRM, Polypaths …) and modeling tools (SAS, FinCad, Intex…).* 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.