Capital Markets Risk Intern

Position: Capital Markets Risk InternInternship Length: Up to 12 months

Department: Risk Management FLSA: Non-exempt

Reports to: Manager, Capital Markets RiskLocation: Hybrid/Reston, VA (in-office Tuesdays/Wednesdays)

SUMMARY OF POSITION:

The Capital Markets Risk Intern (CMRI) is responsible for assisting with all aspects of the Federal Home Loan Banks Office of Finance (OF) Dealer Compliance Program, including counterparty credit and financial performance monitoring. In addition, the CMRI may assist with the OF’s daily settlement risk exposure and Early Warning Indicator reporting and monitoring process. The CMRI may also participate in supporting key risk initiatives and other activities. These responsibilities include involvement in producing and supporting regular risk reporting, and in assisting with research and data projects as assigned.

PRINCIPAL RESPONSIBILITIES:

• Assists in the production of the OF’s daily Early Warning Indicator (EWI) Report and immediately reports any breaches of appliable thresholds.
• Assists with monthly/quarterly dealer financial reviews to make sure dealers remain in compliance with OF’s capital requirements.
• Assists with dealer/counterparty reviews to ensure compliance with executed agreements.
• Monitors Federal Home Loan Banks and System aggregate daily settlement exposure and identifies and immediately reports any breaches of the applicable triggers and/or thresholds.
• Assists the Capital Markets Risk Director and Capital Markets Risk Manager as necessary in the discharge of risk management and reporting responsibilities.
• Assists with other job duties as assigned, including research and data projects as assigned.
• Attend intern meetings and complete tasks provided by Human Resources.
• Support the OF’s diversity and inclusion (D&I) strategy by following policies and procedures that ensure opportunities for employees and diverse business partners.

PRINCIPAL JOB REQUIREMENTS:

• Current enrollment in an undergraduate or graduate degree program; major in business, accounting or finance preferred.
• No prior work experience required, however, relevant coursework is viewed favorably.
• Strong analytical skills and proficiency with Excel.
• Familiarity with Bloomberg and Power BI is a plus.
• Critical thinking and problem solving skills, and the ability to manage projects/tasks to completion.
• Ability to work independently or as part of a team; to complete work assignments effectively and in a timely manner.
• A positive attitude and a strong desire to learn and contribute.
• The ability to communicate effectively both orally and in writing.
• Ability to listen and integrate ideas from diverse views, build and maintain respectful relationships, collaborate with others, and resolve conflicts constructively.
• Proof of eligibility to work in the United States.

EQUAL EMPLOYMENT OPPORTUNITY

The Federal Home Loan Banks Office of Finance is committed to equal employment opportunity without regard to race (including traits historically associated with race, such as hair texture, hair type and protective hairstyles), color, religion, sex, pregnancy (including childbirth, lactation, and related medical conditions), national origin or ancestry, age, physical or mental disability, veteran status, uniformed service member status, military status, sexual orientation, gender identity, status as a parent, marital status, genetic information (including testing and characteristics), citizenship status, or any other characteristic protected by applicable federal, state, or local law.