Market Risk Analyst - CoBank

Benefits Overview:

A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. When you choose a career with CoBank, you make a difference by standing for something that matters. In order to be the best, we hire the best!

Remarkable Benefits Offered by CoBank

• Careers with a purpose. Stand for something!
• Time-Off Packages 15 days of vacation, 10 paid sick days and 11 paid holidays
• Competitive Compensation & Incentive
• Hybrid work model: flexible arrangements for most positions
• Benefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance
• Robust associate training and development with CoBank University
• Tuition reimbursement for higher education up to $10K per year
• Outstanding 401k: up to 6% matching and additional 3% non-elective contribution
• Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution
• Associate Resource Groups: creating a culture of diversity and inclusion
• Recognize a fellow associate through our GEM awards

 

Job Description:

The Market Risk Analyst will play an integral part in the modeling, analysis and reporting of CoBank’s balance sheet interest rate risk. A successful candidate will apply asset and liability management (ALM) risk analysis principles to provide key insights into the drivers of the bank’s market risk exposure, directly supporting risk oversight and balance sheet management strategies.

Essential Functions:

1. Utilize third-party vendor risk models, spreadsheet models, and other tools to perform interest rate risk calculations and quantify market risks effectively.

2. Apply financial and quantitative modeling techniques to analyze and interpret risk behaviors, providing insights into key risk drivers.

3. Prepare effective and timely risk reports and presentations for various committees and workgroups, including ALCO and the Board of Directors.

4. Collaborate with Risk Data Architecture team to ensure data integrity and quality across various sources. Identify data anomalies affecting model outputs and assist with data loading and reconciliation.

5. Play a collaborative role in the development and enhancement of our risk models, assumptions, and analytical tools in support of continual improvement of the market risk management framework.

6. Provide analytical support for a variety of market risks, such as net interest income sensitivity, market value sensitivity, and various other types of risk (basis, repricing, spread).

7. Enhance and maintain model documentation, including theory, assumptions, procedures, and related governance materials.

Education:

• Bachelor's Degree required in Finance, Economics, Statistics, Math, Physics, Computer Science or other quantitative field

Work Experience:

3+ years of of market risk analysis experience, focused on interest rate risk modeling and/or asset liability management OR an appropriate combination of work experience and advanced education. 

 

Requirements:

1. Solid understanding of interest rate risk concepts, fixed income instruments, and financial asset valuation principles

2. Experience with Asset Liability Management (ALM) risk models and/or tools

 

Preferred Qualifications:

 

1. Master’s degree in a quantitative discipline preferred
2. CFA charterholder or candidate preferred
3. Experience in the finance and banking industry, including but not limited to risk modeling practices and concepts, financial instruments, and financial markets
4. Experience with data mining, relational databases, and statistical software
5. Experience with programming languages (Python, VBA, SQL, R, etc.)
6. Demonstrated technical, analytical and problem-solving skills
7. Excellent organizational and time management skills, with the ability to deliver commitments while balancing multiple projects and priorities
8. Advanced Microsoft Excel skills

Physical Exertion Details:

Sedentary Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.

Travel Requirement Details:

Occasional Travel occurs infrequently (typically, once a month or less).

About CoBank:

The typical base pay range for this role is between $95,657 - $133,011. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.

The listed salary, other compensation and benefits information is accurate as of the date of this posting. CoBank reserves the right to adjust compensation for all positions and to modify or discontinue benefits programs at any time in its sole discretion, subject to applicable law.

 

CoBank is a cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 76,000 farmers, ranchers and other rural borrowers in 23 states around the country. CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.

 

REASONABLE ACCOMMODATION

We are committed to ensuring that our online application process provides an equal employment opportunity to all applicants, including qualified individuals with disabilities. If you are an applicant with a disability, or are assisting an applicant with a disability, and require accessibility assistance or would like to request a reasonable accommodation for any aspect of the application process, including completing an application, interviewing, or otherwise participating in the employee selection process, please submit a request by emailing recruiting@cobank.com. Include your contact information and specific details about your requested accommodation.

 

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.

 

CoBank is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.