Senior Market Risk Analyst

The Senior Market Risk Analyst provides key insights into the drivers of market risk exposure, directly supporting risk oversight and balance sheet management strategies, and contributes to the continual improvement of the market risk management framework. Partners with the Risk Data Architecture team to ensure the integrity and appropriateness of data used in ALM models by applying expertise in key data elements to assess impacts on market risk measures and risk reporting.

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, 20 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:

The Senior Market Risk Analyst plays a pivotal role in the modeling, analysis, and reporting of CoBank's balance sheet interest rate risk, with a focus on leading asset and liability management (ALM) risk analysis initiatives that also encompass related risks such as spread risk, liquidity risk, and basis risk. This role provides advanced analytical support, serves as a subject matter expert (SME) across key market risk and ALM processes, and coaches junior analysts. The Senior Market Risk Analyst provides key insights into the drivers of market risk exposure, directly supporting risk oversight and balance sheet management strategies, and contributes to the continual improvement of the market risk management framework.

Essential Functions:

• Serves as the functional owner for key market risk analytical processes supporting core ALM models, leading areas of model development, assumption design, analytical workflows, and risk reporting.
• Independently applies advanced financial and quantitative modeling techniques to interpret and explain risk behaviors, providing insight into key risk drivers and emerging trends.
• Coordinates closely with Risk, Treasury, Finance, Risk Data Architecture, and other related teams to support ALM risk analysis initiatives, ensuring effective alignment across data sourcing, modeling, and reporting activities.
• Prepares and presents market risk reports, analyses and insights for committees, workgroups, and senior management, translating complex analytical results into clear, decision-relevant risk implications.
• Partners with the Risk Data Architecture team to ensure the integrity and appropriateness of data used in ALM models by applying expertise in key data elements to assess impacts on market risk measures and risk reporting.
• Drives continual improvement of market risk analytics by leading model enhancements, analytical tools, and documentation, ensuring transparency, consistency, and audit readiness.
• Provides subject matter expertise for complex ad‑hoc market risk analyses and coaches Market Risk Analysts through technical guidance, quality oversight, and knowledge transfer across ALM processes.

Education:

• Bachelor's Degree Finance, Economics, Statistics, Math, Physics, Computer Science or other quantitative field required
• Master's Degree in a quantitative discipline preferred
• CFA charterholder or candidate preferred

Work Experience:

• 5 years of market risk analysis experience, focused on interest rate risk modeling and/or asset liability management required
• Prior Experience in the finance and banking industry, including but not limited to risk modeling practices and concepts, financial instruments, and financial markets required
• Prior Experience with data mining, relational databases, and statistical software required
• Prior Experience with programming languages (Python, VBA, SQL, R, etc.) required
• Advanced understanding of interest rate risk concepts, fixed income instruments, and financial asset valuation principles.
• Demonstrated expertise with asset and liability management (ALM) risk models and analytical tools.
• Strong technical, analytical, and problem-solving skills.
• Excellent organizational and time management skills, with the ability to balance multiple projects and priorities.
• Advanced Microsoft Excel skills.

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 $121,000 - $148,900. 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 recruiting@cobank.com. 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.