Model Risk Analyst II

Model Risk Analyst II

Is it a bank? A cooperative? A leader in affordable housing? We are all those things and more! Our core mission at FHLBank Indianapolis is to provide reliable and readily available liquidity to our member institutions to support housing finance and community development. Simply put, we're a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. We also assist in meeting the economic and housing needs of communities and families through grants and subsidized advances that support affordable housing and economic development.

But enough about us, let's talk about you. Are you looking for a company that views their employees as their greatest asset? A company that's dedicated to making a difference in the community? So much so they pay their employees to volunteer? Do you want to join a talented workforce that prioritizes equal opportunity within an inclusive culture, and promotes learning and development, unique skills / ideas, and employee engagement? If you've said yes to these questions, then we might be a match!

Here is what we offer :

• Flexible hybrid workforce model : Onsite three days a week and two days remote. We also offer remote flex days!
• Fantastic, competitive pay and total rewards
• Industry-high 401(k) match : up to 6% PLUSan additional 4% contribution!
• Tuition reimbursement assistance : To help you continue to develop personally and professionally.
• Student loan repayment assistance : That's right, we will help you repay outstanding student loans!
• Awesome Benefits Package : Medical, dental, vision benefits and even pet (you read that right) insurance!
• Generous time off : Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program
• "Dress for your day" dress code : You choose the appropriate work attire based on what your day looks like.

Statistics show that it is less likely for some candidates to submit their application if they don't meet all the criteria within the job description. If this is you, we encourage you to give yourself a chance and submit your application anyway, as you may be the perfect match for this role!

Purpose : The Model Risk Analyst II will play a key role in assessing the Bank's model risk through model validations, risk reviews, and ongoing analysis. As a member of Enterprise Risk Management (ERM), the Analyst will work under the Director of Model Risk Management and Validation to validate financial models throughout the Bank in order to assess model reasonableness, weaknesses, and risks. The Analyst will interact with model owners and model users across the Bank to understand current model performance, development activities, and emerging risks.

The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The Bank reserves the right to alter or amend this description at any time.

Specific Responsibilities :

Competencies :

Position Requirements :

Hiring Range : $82,000 - $97,000

Hiring ranges reflect the base salary that the Bank reasonably expects to pay for a given role and is not inclusive of annual incentive award opportunities, retirement benefits or the value of other health and welfare or other ancillary benefits. We consider many factors when determining base salaries such as individual background and experience, the competitive environment, education, particular skill set(s), and industry and institutional knowledge.

FHLBank Indianapolis is an Equal Opportunity Employer.