Federal Home Loan Bank of Des Moines · 1 day ago
Fixed Income Rotational Program Analyst
Des Moines, IA
Full-time
Hybrid
New Grad, Entry Level
$66K/yr - $78K/yrFederal Home Loan Bank of Des Moines is committed to fostering an inclusive culture that supports a diverse workforce. The Fixed Income Rotational Program Analyst role is designed for recent graduates to gain exposure to key concepts in bank funding, hedging strategies, and investment portfolio management, while developing core skills applicable across fixed income departments.
BankingFinancial ServicesMortgageReal Estate
Responsibilities
Learn and apply the key components utilized in pricing, hedging, and funding a mortgage loan portfolio, including duration risk, prepayment risk and profitability
Perform analysis on asset/liability management strategies and learn how bank performance is impacted by changes in the market environment and balance sheet structure
Identify risks and opportunities on the balance sheet by performing income forecasting analysis
Understand the sources of the Bank’s liquidity risk and how to manage this risk within regulatory constraints
Learn the key principles of fixed income and derivative trade execution
Develop relative value framework to determine value of securities
Gain understanding of regulatory framework and its constraints on portfolio optimization
Manage the data flow from executed transactions into Bank systems and troubleshoot as needed
Manage lifecycle events of bonds and derivatives such as coupon payments and calls
Collaborate with other Bank departments with respect to Bank transactions
Ensure Bank equity is preserved in different economic conditions through asset and liability valuation management
Evaluate risk factors for the Bank’s earnings and ensure an adequate return on capital stock
Gain exposure to and perform stress testing
Oversee the Bank’s management of liquidity and capital risk
Program participants will be evaluated on their growth and demonstrated proficiencies in the following competencies throughout the Bank’s annual performance enablement cycle: Organizational Awareness, Problem Solving and Decision Making, Dynamic learning by applying skills and performing responsibilities, Risk management and negotiation proficiency, Connected concepts and workflows, Planning and Results Orientation, Communication, both written and verbal
Qualification
Required
The Program is open to upcoming and recent college graduates possessing a degree in Finance, Business Analytics, Economics, Engineering or Mathematics from an accredited college or university
Excellent analytical, communication, interpersonal, technical, and presentation skills
Proficiency in Word and Excel, knowledge of SQL preferred
Preferred
Aptitude in the following areas preferred
Quantitative calculations
Critical Thinking & Problem-Solving
Communication & Presentation Skills
Teamwork & Collaboration
Being Self-driven & Results-Oriented
Time Management
Relevant professional certifications (CFA) are not a requirement for entry into the program but a desire to pursue such professional development is preferred
Benefits
11 paid holidays
5 weeks of PTO
Work culture that values work/life balance
Hybrid work schedule
Match 100% of the first 6% you contribute to your 401(k)
4% non-discretionary contribution to your 401(k) at the end of year
Company
Federal Home Loan Bank of Des Moines
Federal Home Loan Bank of Des Moines is a financial services company providing mortgage and small business lending services.
Founded in 1932
201-500 employees
H1B Sponsorship
Federal Home Loan Bank of Des Moines has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (6)
2024 (9)
2023 (10)
2022 (12)
2021 (11)
2020 (11)
Funding
Current Stage
Growth StageLeadership Team
Carol Kobuke Nelson
Independent Director
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