Market Risk Analyst 1 (Entry Level)

The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England. They are seeking a Market Risk Analyst I to utilize market risk analysis models, generate reports, and ensure the integrity of risk analysis databases while supporting the Market Risk Management Team's objectives.

Responsibilities

• Update risk analysis models on the appropriate frequency, including but not limited to, underlying assumptions and transactional attributes, application of existing data management routines, and incorporation of current economic and market trends
• Generate representative assessments of the Bank’s risk exposure in its balance sheet, portfolios, counterparties, or specific transactions through modeling the impact of credit, economic, and/or market assumptions and resultant impacts on the Bank’s risk positions
• Create baseline and stress case results for the Bank’s market risk and credit risk forecasts
• Prepare ad hoc and/or formalized modeling analysis of transaction level risk exposure including, but not limited to, hedge effectiveness, counterparty and collateral sufficiency, and pro forma asset and liability transactions
• Provide critical analysis of modeling results for purposes of internal validation and explaining risk positions to senior analysts and management when necessary
• Submits all reports requested by the appropriate external and internal parties on a timely basis, in the appropriate format, in consultation with, and after review by, senior analysts and functional management
• Provide quantitative and analytical support to senior analysts and functional management
• Perform back testing as required on the Bank’s portfolio to determine modeling reasonableness
• Collaborate and support in the preparation and testing processes for all prepayment and risk model upgrades and conversions
• Other duties, as assigned

Skills

• A four-year degree in finance, accounting, economics, or quantitative discipline required
• 1-3 years prior experience in the Banking / Financial Services industry with preferred experience in risk modeling / analysis
• Internship experience counts!
• Basic knowledge of loans, money market instruments, derivatives, debt instruments, security classes including underlying collateral types and deal structures
• Basic knowledge and understanding of capital markets, trends, and developments
• Can identify and focus on key variables within product analytics
• Must have ability to work within well-defined time frames and meet internal and external reporting deadlines
• Ability to review data updates for reasonability, accuracy, and appropriateness
• Ability to provide interpretations of the compiled risk reports
• Knowledge of finance and accounting principles
• Understanding of macroeconomic trends
• Must be able to work independently and collaboratively within a team
• Graduate degree and/or CFA program or equivalent combination of education and experience is a plus
• Prefer experience in use of database query and reporting tools such as PowerBI
• Must also be proficient in the use of MS/Excel for financial reporting, analysis, and graphing
• Preferred but not required experience with Bloomberg, PolyPaths, QRM or other large scale commercially available financial risk management applications
• Prefer candidates who show a willingness and drive to learn new concepts, are not afraid to ask questions, and want to be a member of a highly collaborative team

Benefits

• Opportunities for career development
• Robust benefits
• Work-life balance
• Hybrid work schedule in our Boston office in accordance with the Bank’s Hybrid Work Program
• All Bank full-time positions are eligible to participate in our annual incentive program and our robust total rewards offerings, in addition to the base pay.

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