Career Opportunities

The debt securities issuance and servicing operation of the Federal Home Loan Bank System is seeking experienced professionals who can operate in a highly dynamic and automated environment.

The Office of Finance offers an outstanding salary and benefits package that includes:

• Competitive salaries
  
• 401K savings with employer match
  
• Employer paid defined benefit plan
  
• Group health and dental insurance
  
• Group term life insurance
  
• Short and long term disability insurance
  
• Vision care reimbursement
  
• Flexible spending account program
  
• Tuition assistance
  
• Paid time off and holidays
  
• Gym membership/fitness reimbursement
  
• Flexible schedules
  
• Business casual work environment
  

Please visit www.fhlb-of.com for more information about the FHLBank System.

The Office of Finance is an Equal Opportunity Employer.   EOE/M/F/D/V.

Accounts Payable Accountant

Responsibilities

• Processes weekly A/P by reviewing invoices and related contracts, assuring proper information has been provided on Disbursement Forms, obtains authorizing signatures, records appropriate expense account and divisional sub-account, completes required steps in Solomon to record the A/P transaction, prints and mails checks.
  
• Complies with the Vendor Management Policy, and related policies and procedures such as the Travel, Vision Care, and Fitness Reimbursement policies, when verifying and processing A/P transactions.
• Assists with interface of A/P data to G/L in Solomon, prints and reviews reports, enters A/R and journal entries, as needed.
• Maintains vendor files and provides requested information for internal and external audits.
• Works with the Director and Managers of Financial Reporting in the preparation of the quarterly and annual combined financial reports as necessary. These responsibilities include but are not limited to: comparing and footing combined financial statements converted by the Printer to the source document for accuracy; comparing information submitted by the Banks to other appropriate documents (i.e., audited financial statements) and verifying mathematical accuracy of financial statements and tables.
• Assists with the preparation and/or mailing of items as needed. This includes but is not limited to: coordination and re-mailing of combined financial reports due to undeliverable addresses, mailing materials needed for the Controllers/CFO conferences, and the annual CFO Act materials.
• Performs administrative tasks as assigned.

Qualifications

• B.S. Accounting or Business Administration preferred.
• Knowledge of basic accounting concepts and terminology.
• Proficient in Microsoft Word, Excel and Microsoft Outlook
• Effective oral and written communication skills
• Strong interpersonal and customer service skills
• Ability to use initiative and independent judgment within established policy and procedural guidelines
• Ability to work well with all levels of management and staff
• Ability to analyze and solve problems.
  

Principals only please.

Please submit resume to HR@fhlb-of.com or fax to 703-787-4155.

Software Development Analyst

Responsibilities

• Responsible for all phases of the application development life cycle, including analysis, design, programming, testing, implementation and maintenance.
  
• Requires a proven capability to think critically and analytically to solve business and application-oriented problems. A focus on detail and a high level of initiative to work problems through to a successful resolution are essential for this position.
• Support projects as a technical team leader when called upon to do so by the Applications Development Manager or Division Director and will have to fulfill all associated project management responsibilities. These responsibilities include status reporting, distribution of project tasks, and overall technical leadership. The incumbent must be self motivated and team-oriented.
• The mission critical applications run on a UNIX environment using browser-based and, in some cases, Rich Internet Application (RIA) technologies as the user interface with SYBASE running under UNIX as the database engine. Application server infrastructure in use at the OF includes Coldfusion MX, JBoss, and WebLogic with middle tier software implemented using J2EE.
• Works with business units as well as the other Software Development Analyst(s), Software Architects, Database Administrators and System Administrators throughout all phases of the Systems Development Lifecycle.
• Operates under the Office*s procedures for program change control, adhering to enterprise architectural guidelines, and will be required to contribute to any necessary procedural changes to the Software Development Life Cycle.
• Supports Office and FHLBank users by addressing problems and priority needs relating to applications support in a timely and cordial manner.
• Provides training to users and team members, both individually and collectively, regarding the effective use of application software, productivity tools, and programming languages.
• Familiar enough with contemporary tools to suggest innovative methods for the user to accomplish his tasks.
• Develops and maintains accurate and up-to-date user and technical documentation. Technical documentation includes, but is not limited to, diagrams such as UML, Data Flow Diagrams, and Entity Relation Diagrams as well as supporting documentation.
• Develops and assists with the enforcement of in-house development standards for the development tools installed at the Office.
• Contributes to improved operations by developing and maintaining financial application systems that meet the needs of the Office using various techniques and technologies, including agile development.
• Ability to work within the constraints of a planned project, ensuring appropriate level of productivity and teamwork to complete necessary milestones.

Qualifications

• BS in Computer Science, Information Systems, or related field is required.
  
• Minimum 4 years experience developing applications in a professional software development environment.
• The incumbent should have a working knowledge of other technical productivity tools at the Office of Finance. These tools include, but are not limited to: UML and Modeling: Enterprise Architect and Visio, Integrated Development Environments, Eclipse and Cold fusion MX Studio, Source control systems CVS and PVCS, Reporting tools such as SQL-based UNIX scripts, Hyperion SQR and PERL, Business Objects, Application Intelligence (Cast), and Collaboration tools such as SharePoint and Microsoft Office.
• Understanding of application design and programming concepts such as Client-Server Architecture, N-tier Architecture, Structured Design and Programming, Object-Oriented Design and Programming, Test-Driven and Agile Development.
• Ability to initiate and complete work assignments accurately and on time, with minimal supervision.
• Experience developing server-side in UNIX and client-side in Windows environments.
• Experienced in at least one systems level programming language: Java preferred.
• Experience developing web based applications: J2EE or Coldfusion MX preferred.
• Experience using common web development frameworks: Struts or Fusebox preferred.
• Experience working with an RDBMS: Sybase, T-SQL, and JDBC preferred.
• Ability to communicate well, both orally and in writing.
• Knowledge of finance and accounting principles preferred.
• Experience in the securities industry preferred.
  

Principals only please.

Please submit resume to HR@fhlb-of.com or fax to 703-787-4155.

Director of Risk Management

Responsibilities:

• Responsible for coordination and management of all phases of the application development life cycle, including analysis, design, programming, testing, implementation and maintenance. The incumbent is expected to plan projects, track progress, report status on a regular basis, and serve as technical lead throughout the effort.
• Working knowledge of other technical productivity tools at the Office of Finance. These tools include, but are not limited to, PVCS, Hyperion SQR, automated testing tools, Business Objects, Erwin, SQL Programmer, and Cast Workbench
• Serve as a point of contact for the Office when working with external development resources as directed by the Director of Applications and Architecture
• Manage individual projects while working under the direction of the Director of Applications and Architecture to ensure architectural consistency and development team efficiency
• Select the appropriate software development methodology and appropriate skill mix to accomplish the project
• Work with IT Operations, Database Administrator, QA resources and others as required, to complete the project
• Ensure that programming and testing, including the drafting of formal test plans, is completed according to prescribed standards and policies in the division
• Play a lead role in managing the help desk function as it relates to applications support by addressing problems and other needs in a timely and cordial manner and provides training to users individually and collectively regarding the effective use of application software, end-user tools and programming languages
• Responsible for gathering and reporting metrics that relate to the development and applications support functions for consumption by IT governance bodies
• Supervise Software Development Analysts (6+) and perform regular performance plans and assessments on those individuals
• Contributes to improved operations by developing and maintaining financial application systems that meet the needs of the Office
• Effective training and support of application users by addressing and resolving all problems and issues in a timely and cordial manner
• Understands Agile development techniques and is comfortable running such a project
• Develops and maintains project plans and adjusts resource usage and task priorities to ensure that projects are completed on time
• Develops, maintains, and enforces appropriate development standards and procedures
• Ensure the development and maintenance up-to-date technical and user documentation
• Keeps abreast of the latest technical trends

Qualifications:

• A B.S degree required
• Minimum 5 years experience developing complex multi-tier applications in a Client-Server and/or web environment
• Solid experience with relational databases and the Unix environment
• Ability to manage upwards of 6 developers on multiple projects under aggressive schedules
• Practical Management Experience in a software development setting
• Knowledge of contemporary development tools
• Knowledge of finance and accounting principles
• Experience in the securities industry preferred
• Ability to initiate, supervise, and complete work assignments accurately and on time, with minimal supervision from the Director of Architecture and Administration
• Excellent written and verbal communication skills

Please submit cover letter and resume to hr@fhlb-of.com.

Manager, Debt Services

Responsibilities:

• Manage the daily processes related to the settlement, servicing and redemption of FHLB obligations. Ensure accuracy of data input and the retention of supporting documentation.
• Monitor and control wire room activity to ensure the secure, accurate and timely transmission of funds and securities wire transfers through multiple accounts at FRB-NY. Manage the flow of cash receipts and disbursements through these accounts to minimize exposure to daylight overdrafts. Provide final review and signoff of cash sheet reconciliation, daylight overdraft summary and daily activity. Balances in the general account can exceed $40 billion.
• Establish and maintain operational procedures for all processes and ensure that uniform practices and controls are followed.
• Verify daily funding of principal and interest payments to investors through the FRB-NY; P & I funding averages $25 billion daily.
• Monitor updates to FRB-NY on missing payment factors for timeliness and accuracy. Advise FRB-NY of floating and fixed rate payment factor changes.
• Validate original issue commitment of complex issues in DSS; review original issue commitment of all other issues; ensure that data is error free and bond set-up is accurate for servicing by DSS from settlement through maturity.
• Manage the servicing of all callable debt, indexed amortizing notes and scheduled amortizing notes; review call and amortization advice letters to FRB-NY; monitor the call notification screen.
• Manage the processing of Master Notes; review spreadsheet.
• Work with Information Technology on testing and implementation of enhancements to DSS and new applications; resolve problems with DSS and other existing applications and suggest enhancements.
• Monitor upcoming Global payments and funding to CitiBank (London) for principal and interest payments on non-Fed Global issues. Review CitiDirect reports versus internal reports and monthly report to Treasury on foreign-held assets.
• Supervise funding of FICO and REFCORP P&I accounts. Semi-annual payments average approximately $1.7 billion.
• Manage cross-training and rotation of responsibilities within Debt Services. Evaluate and review reporting staff; make salary recommendations. Interview and select new staff members.
• Coordinate and implement contingency plans to avoid interruption of critical Debt Services functions. Manage testing of external contingency sites and quarterly FedLine disaster recovery testing.
• Assist internal and external auditors and examiners as required; provide documentation as requested
• Request additional CUSIP numbers from the CUSIP Service Bureau as required
• Process missing and presented definitive coupons at FRB-NY. Reconcile FRB-NY and Treasury definitive security principal and interest payments
• Respond to public inquiries for information regarding FHLB, FICO and REFCORP securities in a timely fashion
• Assist in determining annual budget projections for debt issuance and servicing
• As required, provide back-up support within the Division
• Work on special projects as assigned

Qualifications:

• Undergraduate degree or the equivalent in experience
• Ability to select, instruct, delegate and direct work efforts of support staff
• Ability to anticipate potential problem situations in the issuance and servicing of securities, to initiate actions geared toward avoiding costly errors and quickly resolve problems should they arise
• Ability to communicate well, both orally and in writing
• Ability to independently initiate and complete work assignments effectively and in a timely manner

Please submit cover letter and resume to hr@fhlb-of.com.

Windows Administrator

Responsibilities:

• Responsible for planning and maintaining secure, effective and efficient IT systems. The incumbent's primary focus is on the installation and maintenance of the Office's Windows systems.
• Maintains the Office's systems by installing system software, updating new releases and tuning the Windows network environment as required. The incumbent maintains password and user account information and updates as required using Active Directory.
• Works as the lead in the following areas; desktop and laptop configuration and security, installation and maintenance of market data communications and software, disaster recovery upgrades, installation and documentation, remote connectivity and communications.
• Maintains a secure computer environment. This includes physical security, system security and the interaction of systems in the networked environment.
• Responsible for working under the Office's procedures for change control. The incumbent is also responsible for the implementation and compliance of recommendations by internal and external audit as it relates to the Windows systems.
• Researches and evaluates hardware and software products that will best meet the needs of the Office. In addition, the incumbent should keep abreast of software revisions for installed applications and recommend upgrades as necessary.
• Supports Office and FHLBank users on a second tier level by addressing problems and needs in a timely and cordial manner and provides training to users individually and collectively regarding the effective use of all network resources, including end-user tools and application software. The incumbent maintains frequent communications with the remote users at the FHLBanks to ensure that the users are able to access information from the Office's computers.
• Develops and maintains accurate and up-to-date user and system documentation regarding all Windows network issues. This documentation includes, but is not limited to, operational procedures, Windows network diagrams, Windows network hardware inventory, Windows network software inventory, and preferred vendor contacts.
• Assists management in preparing policies and procedures that will contribute to effective Windows network operations.
• Serves as the backup to the Senior Windows Administrator position.
• Effective administration of the Windows environment with a primary focus on Windows system administration in order to ensure that system resources are available to all authorized users within the Office and at the FHLBanks.
• Maintain and troubleshoot applications, Outlook and Exchange Email, fax server communications and Avaya VoIP phone system.
• Maintain all OF Windows servers and replace as required.
• Effective support and training of users, addressing and resolving all problems or needs in a timely and cordial manner. Ability to design and execute technology training seminars.
• Timely implementation and support of application and Windows-related system software upgrades to ensure a compatible and effective system.
• Backup administration of the backup and recovery procedures for the systems.
• Install, maintain and troubleshoot remote communications.
• Maintain the Windows network software inventory.
• Develop and maintain up-to-date technical and user documentation.
• Keep abreast of the latest technical trends.

Qualifications:

• Minimum two years' LAN administration experience with Windows 2000/XP/2003, MS Exchange, Active Directory and Ethernet networks. An MSCE certification is preferred.
• The candidate should have prior administration experience with some or all of the following: MSOffice, SANS, E-mail anti-virus servers, voice over IP phone systems, fax servers, Sharepoint servers, backup servers, and document management servers.
• Minimum two years' experience with microcomputer software applications in the Windows environment.
• Degree is preferred - B.S. in Computer Science or related field.
• Ability to initiate and complete assignments accurately and on time, with minimal supervision.
• Ability to communicate well, both orally and in writing.
• Must be organized and detail oriented.
• Must have a team player attitude.

Please submit cover letter and resume to hr@fhlb-of.com.

Manager, Financial Reporting

Responsibilities:

• Prepare/update FRS data load requirements to gather information for disclosure in the annual and quarterly combined financial reports, ensuring FRS information gathered meets current SEC/U.S GAAP and best practice industry financial reporting disclosure requirements.
• Review financial data including financial statements submitted by the Banks (via FRS and Excel templates) and prepare/review necessary disclosures in the combined financial reports. Ensure follow up is performed with the appropriate Bank personnel for any unusual amounts or discrepancies between financial statements and financial disclosure data.
• Work to ensure that the pre-established and agreed-upon timeline for the distribution of the combining statements, draft report and publication of the quarterly and annual financial reports is met.
• Supervise the review of the printer draft of the quarterly and annual combined financial reports including the combining statements to ensure accuracy.
• Assist in the coordination and implementation of the FRS conversion/upgrades, as necessary.
• Co-administer the FRS, which includes account maintenance, report building, user maintenance and training/troubleshooting with the FHLBank users.
• Prepare initial technical research and analysis regarding financial reporting questions received from the FHLBanks and to provide assistance on accounting research projects and other special projects as needed.
• Provide assistance with preparation of materials for OF Board and OF Audit Committee deliberations, and the department's participation in the various CFO and Controller subcommittees, to include active participation in the Standard Combined Financial Statement subcommittee.
• Supervise various staff members on select projects to ensure accuracy and completeness of work performed relating to combined financial reports and other duties as assigned.
• Provide customer service to the FHLBanks' personnel as needed.

Qualifications:

• A Bachelor's degree from an accredited college or university
• Designation as a Certified Public Accountant with a minimum of ten years relevant work experience
• Big Four experience and/or relevant SEC/banking experience required, including mortgage banking experience
• Knowledge of U.S. GAAP and accounting and financial reporting statement issues including experience with SEC rules and regulations relating to banking and mortgage banking
• Strong technical and research skills, including accounting for derivatives and FAS 133 relevant experience
• Supervisory experience
• Knowledge of banking and mortgage banking industry regulations
• Proficiency with PCs and related software including Excel, Word and PowerPoint
• The ability to initiate and complete work assignments effectively and in a timely manner, with minimal supervision
• The ability to communicate effectively both orally and in writing
• Ability to prioritize tasks, meet deadlines and maintain a high level of performance
• Ability to influence various FHLBank accounting personnel to reach consensus on application of accounting policies
• Professional, service-oriented demeanor
• Strong interpersonal, organization and problem-solving skills

Please submit cover letter and resume to hr@fhlb-of.com.

Senior Financial Reporting Accountant

Responsibilities:

• Utilize the Financial Reporting System (FRS) to gather information for disclosure in the annual and quarterly CFRs, ensuring that the FRS information gathered meets current SEC/U.S GAAP and best practice industry financial reporting disclosure requirements.
• Track and maintain all FRS/Excel template(s) submissions, confirmations and representations submitted by the Banks and follow up with the appropriate Bank(s) to ensure that delays do not hinder the publication of the annual and quarterly CFRs.
• Prepare Excel files for each FRS submission type and Excel template(s) provided by the twelve Banks to calculate combined disclosures for the quarterly and annual CFRs. Track and maintain all FRS/Excel template(s) submissions made by the Banks and ensure that the most current data are used for the preparation of the combined totals.
• Review financial statement and disclosure information submitted by the Banks (via FRS and/or Excel templates). Follow up with the appropriate Bank personnel for any unusual amounts or discrepancies between the financial statements and disclosure data.
• Review and compare the financial statements and footnote information submitted by the Banks (via FRS and Excel templates) to the audited financial statements during the annual CFR combining process. Follow up with the appropriate Bank personnel for any discrepancies.
• Work to ensure that the pre-established and agreed-upon timeline for the distribution of the combining statements, draft report and publication of the quarterly and annual financial reports are met.
• Review and/or supervise staff who will review the printer draft of the quarterly and annual combined financial reports including the combining statements to ensure accuracy.
• Work with the external auditors by providing assistance with their work on the annual audit, quarterly financial statement review and SAS 72 comfort letter.
• Assist with technical research and analysis regarding accounting and financial reporting questions received from the FHLBanks and provide assistance on accounting research projects with the Accounting Policy group and other special projects as needed.
• Provide assistance with administration of FRS as necessary.
• Provide assistance with preparation of materials for OF Board and OF Audit Committee deliberations.
• Provide assistance as needed in the department's participation in the various CFO and Controller subcommittees.
• Provide customer service to the FHLBanks' personnel as needed.

Qualifications:

• A bachelor's degree from an accredited college or university
• Designation as a Certified Public Accountant with a minimum of five years relevant work experience
• Big Four experience and/or relevant SEC/banking experience required, including mortgage banking experience
• Knowledge of U.S. GAAP and accounting and financial reporting issues including experience with SEC rules and regulations relating to banking and mortgage banking
• Strong technical and research skills, including accounting for derivatives and FAS 133 relevant experience
• Knowledge of banking and mortgage banking industry regulations
• Proficiency with PCs and related software including Excel, Word and PowerPoint
• The ability to initiate and complete work assignments effectively and in a timely manner, with minimal supervision
• The ability to communicate effectively both orally and in writing
• Ability to prioritize tasks, meet deadlines and maintain a high level of performance
• Ability to influence various FHLBank accounting personnel to reach consensus on application of accounting policies
• Professional, service-oriented demeanor
• Strong interpersonal, organization and problem-solving skills

Please submit cover letter and resume to hr@fhlb-of.com.

Short Term Funding Officer II

Responsibilities:

• Coordinate and recommend the sales and pricing strategies of the Discount Note Program and its functional operation within the Board's directives to produce the lowest cost of funding for the Banks while maintaining flexibility in funding
• Establish daily short-term yield curves which the Banks utilize to set market rates for loans to their members - update the curve three times a day and indications hourly
• Participate in Discount Note Auction
• Coordinate direct placements of Discount Notes
• Produce market commentaries on daily basis for programs and twice weekly for auctions
• Assist in short-term bond transactions
• Invest FICO funds, keeping in mind exposure and creditworthiness of counterparties
• Continue the planning, development, and testing of the automated short-term funding system (FMS) and assist in the development and testing of additional computer programs for special analyses and to increase the efficiency of Division's operations
• Perform special studies as requested by the Board, the Bank System, or the Office of Finance including analyzing markets, determining debt funding strategies, and presenting to the Banks
• Respond to public requests for information
• Develop, plan, and execute methods to streamline and enhance debt programs
• Develop and maintain professional relationships with members of the Banks and the dealer groups
• Manage projects including: product development, eSpeed training, and disaster recovery training and testing as directed, with minimal supervision

Qualifications:

• A Bachelor's degree in finance or economics
• Minimum three years of related experience
• Quantitative background which includes statistics
• Knowledge of the money and capital markets, familiarity with the international capital markets, knowledge of finance and economics and the potential impact of market and economic events on Bank operations
• Intermediate knowledge of Excel, which includes the ability to format cells, link cells and worksheets to other Excel workbooks or data sources and write formulas
• The ability to analyze markets, determine strategies and present to the Banks
• The ability to multitask and effectively respond to rapidly changing market conditions

Please submit cover letter and resume to hr@fhlb-of.com.