Career Opportunities

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
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.

Unix Systems Administrator

Responsibilities:

Effective administration of all UNIX systems to ensure that system resources are available to all authorized users within the Office of Finance and at the FHLBanks
Build and maintain existing scripts to support the administration of the UNIX infrastructure
Timely implementation and support of application and system software upgrades to ensure a secure and effective system
Administration of the data backup and recovery procedures for the UNIX environment
First level review of daily system logs
Maintain inventory of UNIX hardware and related software
Develop and maintain up-to-date technical and user documentation
Keep abreast of the latest technical trends

Qualifications:

Bachelors Degree Preferred
Minimum five years' UNIX experience preferably with SUN Solaris
Minimum two years' scripting experience preferably shell scripting or PERL
Working knowledge of backup infrastructure and techniques, SAN concepts, Apache HTTP server (including Stronghold), and Sybase Adaptive Server
Exposure to other application server technology such as ColdFusion Server, Business Objects, WebLogic, JBOSS, and Tomcat is a plus
Ability to initiate and complete assignments accurately and on time, with minimal supervision
Ability to work effectively with vendor technical support channels
Ability to communicate well, both orally and in writing
Ability to analyze and solve problems independently

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

Manager, Accounting Policy

Responsibilities:

Working with the other members of the Accounting Policy team, address FHFA's requirements that the OF establish formalized reviews of industry best practices related to accounting policy and financial reporting disclosures, as well as developing a standardized framework, similar to the current standard financial statement guide process, for the FHLBanks' non-financial statement information (i.e., financial report sections on business, risk factors, selected financial data, and certain sections of MD&A).
Assist FHLBanks with system-wide communications on accounting-related and financial disclosure issues by documenting, circulating and highlighting inconsistencies noted in the FHLBanks' Form 10-K financial statements and certain common areas of the financial reporting process, including significant and critical accounting policies. Review and document information regarding the 12 individual FHLBanks' accounting policies and disclosures to ensure consistent disclosure in the annual and quarterly combined financial reports.
Assist in the development of white papers, Q&As and disclosures that address "hot topic" accounting and industry issues, as well as potential combined financial report disclosures that highlight favorable differences compared to other GSEs and financial institutions.
Ensure that the FRS policy manual supports the FRS and serves as a comprehensive reference for the 12 FHLBanks as they prepare their quarterly and annual financial statements and disclosures included in the FRS. Ensure that the FRS policy manual is consistent with the Combined Financial Report's accounting policy disclosures and work with the FHLBanks and PwC to keep the FRS manual current on accounting policies, regulations, disclosures and best practices issued by the FASB, SEC, FHFA and industry groups.
Develop non-technical/non-accounting language explanations around common disclosure items for public use.
Follow up with the appropriate FHLBank personnel for any unusual accounting practices or departures from US GAAP, if noted by the SEC or PwC. Assist the FHLBanks in researching SEC matters as needed.
Review the various drafts of all quarterly and annual combined financial reports to ensure accuracy with accounting policy and disclosure. As part of this process, working with the FHLBank Controllers group and PwC, ensure that the FHLBanks and the OF are kept current of any recently issued accounting standards and interpretations from the SEC or FASB.
Attend external accounting conferences to stay abreast of current policy issues and developments.
Educate OF and FHLBank personnel on various technical accounting standards/issues/interpretations through roundtable discussions and/or presentations.
Keep the OF and FHLBanks apprised of current accounting and regulatory issues and best practice financial disclosures through ongoing updates.
Provide assistance with the implementation and maintenance of Sarbanes-Oxley 404 as needed around accounting policies.
Provide assistance with the preparation of materials for the OF Board of Directors, the OF Audit Committee, the FHLBanks' President Conference Accounting and Disclosure Committee, and other constituencies, as needed.
Provide assistance as needed in the department's participation in the various FHLBank CFO and Controller subcommittees.
Provide outstanding customer service to the Banks' personnel as needed.

Qualifications:

A bachelor's degree from an accredited college or university.
Designation as a Certified Public Accountant, with a minimum of 8-10 years relevant work experience.
"Big Four" experience preferred.
Strong technical and research skills, including extensive knowledge of U.S. GAAP.
Detailed knowledge of accounting and financial reporting issues, including experience with SEC rules and regulations.
Knowledge of banking and mortgage banking industry rules and regulations.
The ability to initiate and complete work assignments effectively and in a timely manner with minimal supervision.
Ability to communicate effectively with senior management and staff, both orally and in writing.
Demonstrated ability to work in a collegial environment, as well as to develop staff resources.
Ability to prioritize tasks, meet deadlines and maintain a high level of performance.
Professional, service-oriented and team-oriented demeanor.
Strong interpersonal, organization, project management and problem-solving skills.
Proficiency with PCs and related software including Microsoft® Excel®, Word® and PowerPoint®.

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, regulatory, and best practice industry financial reporting disclosure requirements, which include but are not limited to derivatives, fair value, mortgage-backed securities and other-than-temporary impairment.
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.
Work to ensure that comments on the draft combined financial reports from the FHLBanks, external auditors, regulator and bond counsel have been addressed prior to publication.
Serve as a point of contact for the external auditors during their review of the combined financial reports. Coordinate external audit efforts to ensure timely review and audit of the combined financial reports.
Assist with the FHFA's comment letter response process relating to the combined financial reports.
Assist in the coordination and implementation of the FRS conversion/upgrades, as necessary, which includes: assisting with the creation/maintenance of the project plan, establishing business requirements, preparing and executing test plans, creating reports, confirming historical data transfer, creating end user documentation, providing end user training, and creating new policies and procedures for internal use.
Co-administer the FRS, which includes account maintenance, report building, user maintenance training/troubleshooting and providing other FRS related support to the FHLBank users.
Review draft rating agency reports for numerical accuracy and content to ensure that any factual errors have been provided to the rating agency for correction, as needed.
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 FHLBank personnel as needed.

Qualifications:

A Bachelor's degree in accounting from an accredited college or university
Designation as a Certified Public Accountant with a minimum of 8-10 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
Strong analytical, interpersonal, organizational, project management and problem- solving skills
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 with all levels of management and staff, 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

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

Business Analyst

Responsibilities:

Eliciting requirements using interviews, document analysis, requirements workshops, surveys, business process descriptions and maps, use cases, business analysis, task and workflow analysis, etc.
Critically evaluating information gathered from multiple sources, reconcile conflicts, decompose high-level information into details, abstract up from granular information to ensure strategic alignment and distinguish user requests from true needs.
Proactively communicating and collaborating with external and internal resources to analyze business process needs and functional requirements and deliver analysis on the following artifacts as needed:
Proactively suggest process improvement where the opportunity exists for optimization.
Providing process reengineering and improvement support across the organization.
Gathering, documenting, analyzing, tracing and managing requirements based on business needs. Creating relevant diagrams as needed.
Developing business requirements and translating them to succinct, measurable, and clearly worded functional/technical requirements and specifications.
Acting as a liaison between business owners and technology resources for development of new products/toolsets and ongoing maintenance of existing products/toolsets.
Facilitating meetings, working sessions and workshops.
Creating strong working relationships with business and IT groups.
Maintaining project documentation in an orderly and accessible manner.

Qualifications:

A bachelor's degree in a related field from an accredited college or university
5+ years experience in a Business Analyst role
Proficiency in business analysis and process modeling
Ability to conceptualize, think creatively and articulate vision
Ability to communicate business concepts to technical staff and technical concepts to business staff
Ability to communicate at various staff levels
Ability to multi-task effectively
Solid organizational skills
Ability to serve as a change agent within the organization
Professional, service-oriented demeanor
Strong problem-solving, negotiation and interpersonal skills
Strong team-building skills
CBAP designation preffered
Knowledge of fixed income finance and accounting principles preferred
Knowledge of Microsoft Word, Excel, PowerPoint, Project, and Visio and UML preferred

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.