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FHLBank Indianapolis is a financial institution that provides liquidity and support to banks, credit unions, community development financial institutions and insurers in Indiana and Michigan, with a focus on affordable housing and community development.

About the Role

The Senior Quantitative Modeling/Research Analyst is responsible for developing, maintaining, and operating financial models across the organization within the Modeling & Analytics Group of the Enterprise Risk Management department.

Responsibilities

• Implement, test, and operate a diverse range of models for loan valuation, pledged collateral hair‑cut, probability of default, and loss estimation.
• Utilize statistical and computational techniques to evaluate, calibrate, and tune credit and market risk models.
• Establish and maintain model documentation covering theory, settings, assumptions, change control, performance monitoring, and user guides in coordination with Model Risk Management and regulatory advisory bulletins.
• Explain model details, theory, assumptions, and settings to model users and other stakeholders across the organization.
• Support model validation requests and address findings or recommendations.
• Interact directly with model validators and regulators regarding model settings, assumptions, and implementation.
• Lead the process to develop required model enhancements.
• Stay current on methodologies, mathematical, analytical, and computational techniques related to model management and development.

Competencies

• Business Analytics Knowledge
• Research Knowledge
• Quantitative Implementation Knowledge
• General Maintaining Institutional Knowledge
• Results‑driven
• Time Management
• People Communication
• Interpersonal Skills

Position Requirements

• Graduate degree in Mathematics, Quantitative Analysis, Statistics, Operations Research, Financial Engineering, or a related quantitative field (Master or PhD preferred).
• CFA or/and FRM certifications are a plus.
• Preferred 3+ years of experience in quantitative research, risk management, or related work.
• Model development experience strongly preferred.
• Experience in commonly used programming languages such as Python or C/C++.
• Experience with Asset/Liability and valuation software models (e.g., Polypaths, QRM) is a plus.
• Experience with database management concepts and tools such as SQL is a plus.
• Attention to detail, ability to multi‑task, and a high degree of initiative and independence.
• Verbal, written, and interpersonal skills to communicate effectively with all levels of bank personnel.
• Must not have been convicted of any civil or criminal charge that would suggest a risk to bank security.
• Ability to work full‑time and uphold the bank’s Guiding Principles.

Hiring Range

$93,000 - $110,000 (base salary; not inclusive of incentive awards, retirement benefits, or ancillary benefits).

Benefits

• Hybrid workforce model: onsite three days a week, two days remote, with remote flex days available.
• Competitive pay and total rewards.
• Industry‑high 401(k) match: up to 6% plus an additional 4% contribution.
• Tuition reimbursement assistance.
• Student loan repayment assistance.
• Medical, dental, vision, and pet insurance.
• Generous time off: vacation, paid federal holidays, birthday month floating holiday, volunteer day, and summer hour program.
• “Dress for your day” dress code: choose the appropriate work attire based on your schedule.

Equal Opportunity Employment

FHLBank Indianapolis is an Equal Opportunity Employer. The bank is committed to recruiting, hiring, developing, and retaining a diverse workforce by providing an environment that enables success for all employees.