The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England. The Market Risk Analyst I is responsible for utilizing the Bank's market risk analysis models, generating timely reports and analyses, and ensuring the integrity of the risk analysis models’ databases and assumptions.

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
• Solid interpersonal skills, coupled with effective communication techniques
• Ability to meet competing deadlines
• Thirst for learning
• Graduate degree and/or CFA program or equivalent combination of education and experience is a plus
• Experience in use of database query and reporting tools such as PowerBI
• Preferred but not required experience with Bloomberg, PolyPaths, QRM or other large scale commercially available financial risk management applications

Benefits

• 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.
• We offer opportunities for career development, robust benefits, and a work-life balance.
• This role will have a hybrid work schedule in our Boston office in accordance with the Bank’s Hybrid Work Program.

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