Credit Data 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.

Purpose:

Perform written credit analyses of FHLBank Indianapolis member institutions including commercial banks, credit unions, insurance companies and community development financial institutions, 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 related industries to aid management in making prudent lending and collateral decisions.  Support ERM Member Credit management processes through data-driven analytics and reporting.

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:

Credit Analysis – Perform written credit analyses and monitor the financial condition of the FHLBI’s 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 and lending 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 financial institutions, interpreting and reporting results to ERM Member Credit managers to assist in collateral and underwriting decisions.  Conduct data analysis, assessing the use and performance of associated models and reporting to management the results and any recommendations of that research.

Dashboards & Reports – Design and maintain dashboards and reports in Power BI and Microsoft Excel to support decision-making across underwriting and credit risk teams, maintaining adherence to FHLBI and regulatory credit risk parameters.  Develop Python scripts for data cleansing, automation, statistical modeling and efficient reporting.

• Analyze complex datasets to identify trends, patterns, and opportunities for business improvement and risk mitigation.  Datasets will primarily focus on financial data including bank, credit union and insurance company financial statements and related internal lending data.

• Collaborate with the FHLBI’s Information Technology, Project Management and Operational Risk departments managing End-User Computing (EUC) processes, ensuring adherence to related bank policies and procedures.

Risk Assessment Evaluation & Process Improvement - On an as-needed basis, will be responsible for assisting with various credit risk and financial assessments regarding FHLBI member and non-member institutions.  This can include, but is not limited to, data aggregation, preparing the credit risk assessment reviews and reports, and other tasks that will assist ERM management and underwriting team members in their assessment of credit risk.  Additionally, on an on-going basis, evaluate and enhance credit risk processes to ensure efficiency, accuracy and timely completion.

Miscellaneous Duties & Special Projects - Develop skillsets related to credit and financial risk analysis, through the use of news articles, magazines, seminars and training classes.  Remain current on member industry events/developments which could impact member institutions and lending parameters.  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.

Competencies:

Business

• Job Knowledge

• Attention to Detail

• Accuracy

General

• Decision Making/Judgment

• Dependability

• Independent Time Management

People

• Written Communication

• Collaboration

Position Requirements:

• Bachelor’s degree in Finance, Economics, Data Science or other related field is required. Advanced degree in a business field, CFA or FRM is desirable.

• Minimum of three years’ experience working in financial/risk analysis, analytics or business intelligence is required, preferably in the banking / financial sector.

• Proficiency in core Microsoft Office tools (Word, PowerPoint) is required. Advanced proficiency in data analytic tools such as Microsoft Office tools (Excel, Power BI) and Python preferred. 

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

• 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.

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!  ​

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 Indianapolis is an Equal Opportunity Employer.