Fixed Income Rotational Program Analyst

Federal Home Loan Bank of Des Moines is dedicated to fostering an inclusive culture that supports a diverse workforce. The Fixed Income Rotational Program Analyst role aims to prepare individuals for opportunities at the Bank by developing core skills associated with bank funding, hedging strategies, and managing investment portfolios.ResponsibilitiesLearn and apply the key components utilized in pricing, hedging, and funding a mortgage loan portfolio, including duration risk, prepayment risk and profitabilityPerform analysis on asset/liability management strategies and learn how bank performance is impacted by changes in the market environment and balance sheet structureIdentify risks and opportunities on the balance sheet by performing income forecasting analysisUnderstand the sources of the Bank’s liquidity risk and how to manage this risk within regulatory constraintsLearn the key principles of fixed income and derivative trade executionDevelop relative value framework to determine value of securitiesGain understanding of regulatory framework and its constraints on portfolio optimizationManage the data flow from executed transactions into Bank systems and troubleshoot as neededManage lifecycle events of bonds and derivatives such as coupon payments and callsCollaborate with other Bank departments with respect to Bank transactionsEnsure Bank equity is preserved in different economic conditions through asset and liability valuation managementEvaluate risk factors for the Bank’s earnings and ensure an adequate return on capital stockGain exposure to and perform stress testingOversee the Bank’s management of liquidity and capital riskOrganizational AwarenessProblem Solving and Decision MakingDynamic learning by applying skills and performing responsibilitiesRisk management and negotiation proficiencyConnected concepts and workflowsPlanning and Results OrientationCommunication, both written and verbalSkillsThe 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 universityExcellent analytical, communication, interpersonal, technical, and presentation skillsProficiency in Word and ExcelKnowledge of SQLAptitude in the following areas preferred: Quantitative calculations, Critical Thinking & Problem-Solving, Communication & Presentation Skills, Teamwork & Collaboration, Being Self-driven & Results-Oriented, Time ManagementRelevant professional certifications (CFA) are not a requirement for entry into the program but a desire to pursue such professional development is preferredBenefits11 paid holidays5 weeks of PTOWork culture that values work/life balanceHybrid work schedule100% match of the first 6% you contribute to your 401(k)4% non-discretionary contribution to your 401(k) at the end of yearCompany OverviewFederal Home Loan Bank of Des Moines is a financial services company providing mortgage and small business lending services. It was founded in 1932, and is headquartered in Des Moines, Iowa, USA, with a workforce of 201-500 employees. Its website is http://fhlbdm.com.Company H1B SponsorshipFederal Home Loan Bank of Des Moines has a track record of offering H1B sponsorships, with 6 in 2025, 9 in 2024, 10 in 2023, 12 in 2022, 11 in 2021, 11 in 2020. Please note that this does not guarantee sponsorship for this specific role.



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