Depository Credit Risk Analyst

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% PLUS…an 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:

Perform credit/financial analyses of FHLBank Indianapolis depository institution members and non-members to assist ERM Member Credit management in mitigating and managing the credit-related risk associated with these institutions.  Conduct micro and macro financial and economic analyses of the banking industry to aid management in making prudent lending and collateral decisions.  Maintain knowledge of domestic banking industry developments and provide ERM Member Credit management with updates regarding activities and events impacting depository members.

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:

• Financial Analysis - Perform credit/financial analysis and monitor the financial condition of the FHLBI’s depository members and non-member institutions utilizing S&P Market Intelligence / CapIQ, regulatory call reports, SEC filings, business plans, annual reports and confidential regulatory examination reports.  Summarize findings in written credit reviews that are used to formulate/support credit decisions and establish/adjust collateral requirements.

• As needed, attend member meetings to discuss financial condition and direction of member’s credit risk profile, incorporating takeaways in analyses as appropriate.

• Model Execution & Analysis - Execute models designed to evaluate credit risk for depository institution members, interpreting and reporting results to ERM Member Credit managers to assist in collateral and underwriting decisions.  Conduct model performance monitoring, assessing the use and performance of associated models and reporting to management the results and any recommendations of that research.

• Financial Research and Reporting - Design and develop reports and dashboards and interpret the output for use by ERM Member Credit managers to assist in their lending, collateral and underwriting decisions; while maintaining adherence to FHLBI and regulatory credit risk parameters.  Role will be responsible for the reporting to internal and external stakeholders in addition to ERM Member Credit management.

• As needed, design, develop and optimize reports in collaboration with the FHLBI’s Information Technology and Project Management departments or through the End-User Computing (EUC) process, ensuring adherence to related bank policies and procedures.

• Risk Assessment Evaluation & Process Improvement - On an on‑going basis, will be responsible for assisting with the credit risk assessment evaluation regarding depository member and non-member institutions.  This includes preparing the credit risk assessment regarding depository institution members and recommending to the ERM management any additions/modifications to the evaluation as needed.  Additionally, on an on-going basis, evaluate and enhance credit risk processes to ensure efficiency, accuracy and timely completion.

• Miscellaneous Duties & Special Projects - Develop expertise in credit risk analysis, and through the use of news articles, magazines, seminars and training classes, remain current on banking industry events/developments which affect the extension of credit to FHLBI members.  Participate on FHLBI internal committees and working groups as assigned.  Assist with special projects and internal/external finding remediation pertaining to member credit risk, as needed.

Position Requirements:

• Bachelor’s degree in Business Administration, Finance, Accounting or other related field.  Advanced degree in a business field, CPA and/or a CFA is desirable.

• Minimum of three years’ experience working in or directly with a financial institution; preferably in a credit/financial analysis, accounting / financial reporting or risk management function.  Depository financial institution experience and expertise in regulatory call reports is preferred.

• Excellent analytical and communication skills.  Ability to interact with FHLBI and member management teams.  Attention to detail and accuracy are core competencies.

• Ability to use computer tools to analyze financial data.  Proficiency in core Microsoft Office tools is required.  Proficiency in Power BI, Python or other data analysis and reporting/dashboard tools is desired.

• Must not have been convicted of any civil or criminal charge that would suggest a risk to Bank security.

• Must have the ability to work full-time.

• Must have the ability to uphold and model the Bank’s Guiding Principles.

Hiring Range: $72,000 - $84,000

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 is an Equal Opportunity Employer.