Income Simulation Analytics – Senior Associate

Job Description:

Purpose:

The Federal Home Loan Bank of San Francisco (the “Bank”) is a cooperative, wholesale bank that provides liquidity to its members and helps meet community credit needs by providing credit products and services to member financial institutions through all phases of the economic cycle. The Bank’s members include commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions headquartered in Arizona, California, and Nevada. The Bank is member focused; embraces accountability to meet commitments and uphold our governance, risk and control standards as a government sponsored enterprise; and values differences to foster an inclusive culture.

The role of Senior Associate, Income Simulation Analytics, will reside within the Risk Division under the Chief Risk Officer (CRO) of the Bank.  Market Risk Management (MRM) serves as an oversight function to the “first line of defense”. MRM is responsible for identifying and quantifying the market risk embedded in the Bank’s portfolio. MRM is also responsible for the Bank’s corporate financial forecasts and the Bank’s retained earnings analysis.  This position will be responsible for preparing and reviewing the Bank’s income simulation forecasts and analytics. 

Major Accountabilities:

• In conjunction with team members, responsible for the development of the Bank’s annual strategic plan, periodic earnings forecast updates and gap analysis.
• In conjunction with team members, responsible for market risk identification, quantification, monitoring and reporting for projected earnings analytics.
• In conjunction with team members, responsible for alternative what-if scenario simulations to support risk management and strategic planning processes.
• Maintain and enhance existing reports developed using SQL, Power BI, and Power Query, including identifying and implementing opportunities for ongoing improvements and enhancements.
• Responsible for assisting in the development, management and enhancement of the Bank’s market risk income simulation model and mortgage prepayment models, in conjunction with team members in the market risk group. 
• Responsible for developing, maintaining, and enhancing the Bank’s income simulation procedures and controls.

Management:

• The Senior Associate of Income Simulation Analytics will be one of eight team members whose primary goal is to provide effective oversight of the Bank’s market risk exposure and development of the Bank’s financial forecasts.
• The Senior Associate of Income Simulation Analytics will report to the Director of Financial Forecasting & Analysis.

Skills/Knowledge:

• Undergraduate college degree in a technical field of Math, Finance or Economics is REQUIRED, Graduate Degree, is a plus.
• Preferably three years of quantitative analytical experience, preferably in a financial institution or other highly regulated environment. 
• Understanding of market risk management concepts, measurement approaches and risk management practices.  Understanding of the role of market risk management within a financial intermediary.  Understanding of balance sheet and capital structure.
• Understanding of fixed income capital markets, MBS analytics, and associated pricing and valuation methods.
• Demonstrated knowledge of and experience using analytic systems and models to measure risk.  Experience with QRM, AFT, and Polypaths desirable.
• Work history should demonstrate strong attention to detail and the ability to work within cross-functional teams and manage projects under tight deadlines.
• Detail oriented with exceptional organizational skills.
• Intermediate knowledge of SQL
• Working knowledge of MS Office Suite, with specific emphasis on Excel and working knowledge of VBA, Access, Power BI Power Query, and Copilot.
• Strong analytical thinking and problem-solving abilities.
• Strong verbal and written communication skills.

Critical Competencies:

• Excellent interpersonal skills to work in a team-centered environment.
• Self-motivated.
• Strong communication skills, both written and verbal.

Qualifications:

The Federal Home Loan Bank of San Francisco is an Equal Employment Opportunity employer and is committed to a diverse workforce. We value and actively seek to recruit, develop, and retain individuals with varied backgrounds and experiences reflecting the full diversity of the communities that we serve.  It is the policy of the Bank to comply with all applicable laws concerning the employment of persons with disabilities.

Salary Range: $120k - $140k

The Federal Home Loan Bank of San Francisco is committed to the principles of equal opportunity in employment (e.g., employees, applicants) and in contracting (e.g., suppliers, vendors) regardless of race, color, religion, sex, national origin, disability status, genetic information, age, sexual orientation, gender identity, status as a parent, or any other characteristic protected by law. We are committed to cultivating a workplace free of unlawful discrimination, harassment, and retaliation, and are dedicated to fostering vibrant communities by serving as a reliable source of liquidity and resources for affordable housing and economic development.

Salary 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.

The Bank is committed to offering all team members challenging and engaging work with market competitive pay, retirement, and benefit offerings. In support of this commitment, the Bank routinely engages in market competitive benchmarking surveys and analysis to ensure our team members continue to be paid fairly and competitively.