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Model Risk Co-Op

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Federal Home Loan Bank of Indianapolis (FHLBI)

Feb 14, 2024

Applications are closed

  • Internship
    Full-time
    Off-cycle Internship
  • Banking & Finance
  • Des Moines

Requirements

  • College Junior or Senior (Master's students and recent graduates also welcome) working towards a degree in Quantitative Finance, Statistics, Mathematics, Economics or other quantitative discipline.
  • Understanding of financial market concepts and basic fixed-income analytics.
  • Understanding of stochastic processes, time series analysis, principal component analysis, optimization, logistic regression, Monte Carlo simulation.
  • Ability to write clear technical reports and memos.
  • Must be able to communicate and maintain relationships with model owners and other stakeholders.
  • Previous internship or graduate/undergraduate research experience in a related field, such as model validation, financial modeling, data science, machine leaning and predicative modeling is desirable.
  • Proficiency with at least one programming languages such as Python or R is desirable.
  • Proficiency with Microsoft Office applications (Excel, Word, PowerPoint, Outlook).
  • Strong written and verbal communication skills required.

Responsibilities

  • Participate in End User Computing Tool (EUC) and Model Validation projects to conduct robust and comprehensive testing and analysis according to the Bank’s policies and relevant regulatory guidelines.
  • Participate in generating validation reports detailing conclusions of the model/EUC validation and discuss findings and recommendations with management and model owners.
  • Assist in other model/EUC validation activities, such as assessing the control aspects of models and model-related EUCs.
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Federal Home Loan Bank of Indianapolis (FHLBI)

Building Partnerships. Serving Communities

Finance
Industry
201-500
Employees
1932
Founded Year

Mission & Purpose

The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) is one of 11 independent regional cooperative banks across the U.S. We’re privately capitalized and owned by our member banks, credit unions, community development financial institutions (CDFIs), and insurers across Indiana and Michigan. As a cooperative, we pass our borrowing benefits in the global debt markets on to our members in the form of lower borrowing costs, which are subsequently passed on to consumers, businesses and communities. Our core mission is to provide a reliable source of liquidity to member banks, credit unions, community development financial institutions, and insurance companies to support housing finance, asset-liability management, and community lending. We also help communities and families through grants and low-cost loans to our members that help support affordable housing and economic development initiatives.