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Job Category:
Market Risk Intern
(This job is no longer available)
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Job Description

Market Risk Intern

The Federal Home Loan Bank of Des Moines seeks a long-term intern to assist with market risk measurement processes. This will include market risk analysis, modeling and supporting the Bank's daily and monthly market risk management reporting.

Market risk intern responsibilities will include processes and analyses such as valuation of financial instruments, scenario analysis, income forecasting, mortgage loan portfolio hedging, daily/monthly total balance sheet market value, economic value, daily market rates update, and VaR analysis.

In addition, this role will involve process improvement, assisting with market risk projects and learning other risk functions.

Core bank hours are 9:00 a.m. - 6:00 p.m. This is a paid internship that is expected to last 6-12 months.


* Working towards an advanced degree in a quantitative field such as economics, finance, mathematics, statistics or other quantitative/computing fields.
* Knowledge of fixed income products and derivatives preferred.
* Financial analysis experience dealing with mortgage loans helpful.
* Strong skills in Excel, Access and Word; Programming skills are a plus.
* Strong oral and written communication skills.

About Federal Home Loan Bank of Des Moines

Federal Home Loan Bank of Des Moines (the Bank) is a federally chartered corporation. The Bank invests in mortgage loans through the Mortgage Partnership Finance (MPF) Program, which is a secondary mortgage market structure, under which it purchases eligible mortgage loans from participating financial institution members (PFIs) (collectively, MPF loans). MPF loans are conforming conventional and Government, which is insured or guaranteed by the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), the Rural Housing Service of the Department of Agriculture (RHS) or the Department of Housing and Urban Development (HUD) fixed rate mortgage loans secured by one-to-four family residential properties with maturities ranging from 5 years to 30 years or participations in such mortgage loans. The Bank also accepts deposits from its members, eligible nonmembers, and housing associates. (Source: 10-K)