Treasury & Risk Development Associate - January 2025 - 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
• 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:

CoBank’s Treasury & Risk Development Program is a two-year rotational program designed for new college grads looking to build a career in Treasury and Enterprise Risk Management (ERM) within a Government Sponsored Enterprise (GSE) bank. Associates in the program will rotate through multiple functional areas, gaining hands-on experience and comprehensive knowledge of CoBank’s Treasury and ERM divisions. Each rotation offers the opportunity to support key teams, work on real-world projects, and complete coursework through CoBank University. The first six months focus on foundational training in CoBank’s Credit Management group, followed by rotations in Treasury, Finance, and Enterprise Risk Management, where participants will develop expertise in liquidity management, funding markets, derivatives, investment portfolios, risk modeling, and interest rate risk analysis. This program is ideal for candidates new to the industry, offering a robust platform for professional growth and development.

 

Start Date: January 2025

Essential Functions:

Treasury Rotation

• Assist the funding, derivatives, and investment teams with daily operations and decision-making.
• Gain a deep understanding of liquidity management and the funding markets that support CoBank’s operations.
• Learn how CoBank utilizes derivatives for balance sheet management and to support customer activities.
• Develop knowledge of CoBank’s investment portfolio, including investment strategies and portfolio management.
• Understand Funds Transfer Pricing (FTP) theory and how it relates to customer pricing and internal profitability.
• Contribute to the preparation and review of monthly and quarterly risk reports, ensuring timely and accurate reporting.

Finance Rotation

• Gain insights into income and capital forecasting processes.
• Learn to analyze and attribute Treasury net interest income across various return drivers.
• Support the preparation and review of monthly and quarterly financial and risk reports.

Enterprise Risk Management Rotation

• Learn the fundamentals of market risk within a GSE bank context, including key risk metrics and regulatory requirements.
• Gain exposure to market risk models, methods, and calculations used by CoBank.
• Develop proficiency with market risk management platforms and tools.
• Learn the foundational accounting principles relevant to market risk analysis.
• Support data loading and reconciliation processes for risk models, ensuring accuracy and consistency.
• Assist with basic interest rate risk analysis and reporting.

Education:

• Bachelor's degree required in Mathematics, Accounting, Finance, Economics, or relevant business-related discipline within one year of grauduation (December 2023 - December 2024)

Work Experience:

Professional Experience & Background

• Prior experience in customer service, banking, or financial services required.
• Experience creating, modeling, and/or analyzing management, finance, operations, marketing, or other relevant concepts in a business environment preferred.
• Experience in accounting/finance classes in undergraduate curriculum.

 

Technical Skills

• Programming skills in R, Python, SAS, or similar.
• Knowledge of Microsoft Office applications and other business software.
• Strong math background.

 

Communication & Interpersonal Skills

• Excellent verbal and written communication and interpersonal skills.
• Ability to build and maintain effective working relationships with all levels of management and staff.

 

Organizational & Time Management Skills

• Strong customer focus, detail orientation, and time management skills.
• Experience managing multiple priorities and working both independently and as part of a team.

About CoBank:

The typical base pay range for this role is between $55,578 - $70,125. 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. This job will be posted for a minimum of five (5) business days or until the position is filled. 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, national origin, disability, or status as a protected veteran.