Job Description
Job Description
FEDERAL HOME LOAN BANKS OFFICE OF FINANCE
POSITION DESCRIPTION
POSITION :
Manager, Capital Markets Risk, Operations and Compliance
DATE : February 2025
DEPARTMENT : Operations
FLSA : Exempt
REPORTS TO :
Senior Manager, Capital Markets Risk, Operations and Compliance
LOCATION : Reston / Hybrid
SUMMARY OF POSITION :
The Manager, Capital Markets Risk, Operations and Compliance will be responsible and accountable for managing and supporting existing operational, compliance and risk requirements effectively and prudentially in coordination with the Office of Finance’s (“OF”) Capital Markets and Debt Services business areas. This role will work in tandem with the Capital Markets and Debt Services business areas as the “1st line of defense” in developing, documenting and monitoring new and existing business processes. The individual will work closely with the OF’s Risk Management, Compliance, Legal areas and the Funding and Financial Officers of the Federal Home Loan Banks (FHLBanks) to achieve their objectives consistent with the OF’s mission and risk appetite. In addition, there is an opportunity for this role to meaningfully contribute to the OF’s process and control modernization efforts.
We’re proud of the way our teammates have a positive impact on everything we do. Our employees are committed to and exemplify our Core Values :
- Integrity through accountability, consistency, transparency and trust
- Agility through adaptability, continuous improvement, expertise, and flexibility
- Partnership through collaboration, communication, leadership, and teamwork
- Inclusivity through diversity, relationships, respect, and support
PRINCIPAL RESPONSIBILITIES :
Manage and support existing Capital Markets and Debt Services operational processes, including End User Computing (“EUCs”) testing and remediation, to ensure they are effective in meeting business, risk and compliance requirements and consistent with OF’s mission and risk appetite;Work with Capital Markets and Debt Services to identify and implement operational process enhancements that improve business processes and achieve more effective risk, compliance and regulatory outcomes;Partner with Risk Management, Capital Markets and Debt Services to schedule and assess business continuity and resiliency tests, including the OF’s Funding Contingency Plan, Master Business Continuity Plan and Business Impact Analysis;Partner with Capital Markets and Legal to develop and maintain the Dealer Operating Circular, Bank Operating Circular, internal procedures, and other key legal agreements and guidelines;Draft and maintain Capital Markets and Debt Services Risk Controls Self Assessments (RCSA) and coordinate and perform validation testing requirements for Risk Management, Compliance and Internal and External Audit reviews for Capital Markets and Debt Services;Develop and maintain relationships and understanding of FHLBanks including asset-liability management, credit, and investment products, funding constraints, hedging styles, and risk tolerance;Serve as Business Owner on Capital Markets modernization agile teams and lead the associated Federal Home Loan Banks (“FHLB”) working group, including collaborating with the Bank and OF project teams to develop solutions that can be utilized within the suite of OF applications to enhance issuance and servicing processes and controls;Develop and execute project test plans for Capital Markets and Debt Services related initiatives;Attest to compliance with new and existing regulatory requirements;Support the OF’s diversity and inclusion (D&I) strategy by following policies and procedures that ensure opportunities for employees and diverse business partners;Interact with individuals from the FHLB’s, the OF’s bond dealers and swap counterparties, the Federal Housing Finance Agency and the OF’s external auditor;Assist with other job duties as assigned.PRINCIPAL REQUIREMENTS :
Bachelor’s degree in finance, accounting, risk or other related business field;Minimum 7 -10 years professional experience in capital markets, banking, financial services or other related industry;Demonstrated knowledge of capital markets operations, risk management, compliance and business continuity experience;3 years of progressively increasing responsibility pertaining to projects, as well as strong leadership skills;Professional curiosity to identify and drive improvements and opportunities with a willingness to get into the detail and frame the solution;Familiarity with testing, evaluating and documenting controls for compliance is a plus;PC skills and hands on experience building tools and presentations with Microsoft Office products and data analysis software;Prior experience with a Governance Risk Compliance tool is a plus;Ability to listen and integrate ideas from diverse groups of individuals, build and maintain respectful relationships, collaborate with others, and resolve conflicts constructively;Effective oral and written communication skills;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, ethnic origin, 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 or immigration status, or any other characteristic protected by applicable federal, state, or local law.
