Quantitative Risk Analyst

Benefits Overview

A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. In order to be the best, we hire the best!

Benefits Offered by CoBank

• Careers with a purpose
• Time-Off Packages, 15 days of vacation, 10 paid sick days and 11 paid holidays
• Competitive Compensation & Incentive
• Hybrid work model: flexible arrangements for most positions
• Benefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance
• Robust associate training and development with CoBank University
• Tuition reimbursement for higher education
• Outstanding 401k: up to 6% matching and additional 3% non-elective contribution & Student Loan Match
• Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution
• Associate Resource Groups: creating a culture of respect and inclusion
• Recognize a fellow associate through our GEM awards

Job Description

Supports CoBank initiatives by providing analytical insight and metrics to help inform business decisions. Contributes to the research and development of quantitative models, performs detailed analysis of data and output, and communicates results to relevant stakeholders.

Essential Functions

• Contributes to the research and development of financial models incorporating credit and/or market risk elements.
• Contributes to or owns the ongoing management of existing models, which includes maintenance of data/documentation/parameters, performance monitoring, risk quantification and explanation/education of results.
• Acts as subject matter expert by presenting results, findings, conclusions and recommendations to internal and external stakeholders such as: CoBank management, Model Risk Management, CoBank business units, and external validators.
• Supports Quantitative Risk team and management during implementation of new models and/or research and development projects.
• Provides analytic support for ad-hoc analysis and development of visualizations with potential of becoming a standard for the bank.
• Researches internal and external data sources required for modeling. Investigation may require creation of new business rules for modeling purposes.
• Identifies and applies business knowledge and rules required for model development.
• Queries, manipulates, and analyzes large datasets.

Education

• Master's Degree Quantitative Finance, Mathematics, Computer Science, Statistics or other relevant discipline required
• FRM, PRM, and/or CFA certification preferred

Work Experience

• 3 years in quantitative finance required
• Experience with Asset/Liability risk analyses principles such as interest rate risk, liquidity risk, funding risk, and currency risk.
• Knowledge of the current regulatory framework on risk modeling. Knowledge of agriculture industry.
• Knowledge and/or experience with credit risk modeling, loss forecasting, regression models and economic capital.
• Knowledge of financial, mathematical modeling theory and practice.
• Proficiency in statistical software packages such as SAS, Matlab, R, Python, VBA, or C++. Proficiency in data mining and understanding of relational databases, particularly in SAS and/or SQL. Demonstrated expertise in problem solving.
• Knowledge of vendor tools such as QRM, Moody’s Risk Frontier, and Polypaths.
• Knowledge of the finance and lending industry including instrument structures/types and financial markets knowledge. Knowledge of overall risk management and finance concepts.

Physical Exertion Details

Sedentary Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.

Travel Requirement Details

Occasional Travel occurs infrequently (typically, once a month or less).

About CoBank

The typical base pay range for this role is between $100,000 - $123,000. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance. The listed salary, other compensation and benefits information is accurate as of the date of this posting. This job will be posted for a minimum of five (5) business days or until the position is filled. CoBank reserves the right to adjust compensation for all positions and to modify or discontinue benefits programs at any time in its sole discretion, subject to applicable law.

CoBank is a cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 76,000 farmers, ranchers and other rural borrowers in 23 states around the country. CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.

REASONABLE ACCOMMODATION

We are committed to ensuring that our online application process provides an equal employment opportunity to all applicants, including qualified individuals with disabilities. If you are an applicant with a disability, or are assisting an applicant with a disability, and require accessibility assistance or would like to request a reasonable accommodation for any aspect of the application process, including completing an application, interviewing, or otherwise participating in the employee selection process, please submit a request by emailing [email protected]. Include your contact information and specific details about your requested accommodation.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.

CoBank is an Equal Opportunity Employer.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.