Treasury & Risk Development Associate - Starts July 2024

Job Locations US-CO-Greenwood Village
ID
2024-5072
Category
Credit & Relationship Managers
Type
Full Time

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. When you choose a career with CoBank, you make a difference by standing for something that matters. In order to be the best, we hire the best!

 

Remarkable Benefits Offered by CoBank

  • Careers with a purpose. Stand for something!
  • Unlock an abundance of leisure with our Time-Off Packages, boasting over 15 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 up to $10K per year
  • Outstanding 401k: up to 6% matching and additional 3% non-elective contribution
  • Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution
  • Associate Resource Groups: creating a culture of diversity and inclusion
  • Recognize a fellow associate through our GEM awards

Job Description

Associates of CoBank's Treasury & Risk Development Program progress through a two-year rotation in different functional areas in CoBank's Enterprise Risk Management and Treasury divisions in order to gain a broad understanding of these function in a GSE bank. Rotational assignments provide on-the-job experience with CoBank's various Treasury and Enterprise Risk Management Divisions, and each rotation offers the opportunity to train with and support these CoBank teams. In addition to on-the-job training, the Development Associate completes curriculum to support their development throughout the training period. The first 6 months will include an onboarding period through CoBank's credit management group for foundational training. CoBank's Development Program is ideal for strong candidates who are new to the Treasury or Enterprise Risk Management profession or lack directly relevant experience.

Essential Functions

Treasury Rotation
1. Support the funding, derivatives and investment teams in their daily activities
2. Develop an understanding of the funding markets and how CoBank manages liquidity
3. Learn how CoBank uses derivatives to manage our balance sheet as well as to support customer activity
4. Develop an understanding of the investments that CoBank holds as investment and the management of the investment portfolio
5. Understand the theory and application of Funds Transfer Pricing and the relationship with rates charged to customers
6. Provides support in the preparation, review, and maintenance of timely monthly and quarterly risk reports.
7. May participate in select projects depending on expertise and progress on the learning process above
8. Performs other duties as assigned

Finance Rotation
1. Develop an understanding of income and capital forecasting
2. Learn about analyzing and attributing Treasury net interest income to various drivers of returns
3. Provides support in the preparation, review, and maintenance of timely monthly and quarterly risk reports.
4. May participates in select projects depending on expertise and progress on the learning process above
5. Performs other duties as assigned

Enterprise Risk Management Rotation
1. Learn market risk fundamentals of a GSE bank balance sheet.
2. Learn foundations of relevant market risk models, methods and calculations for CoBank.
3. Learn basics of operating a market risk platform
4. Learns fundamental accounting principles needed for a market risk analyst.
5. Learn and support risk model data loading and reconciling processes.
6. Provides support in basic interest rate risk analysis.
7. Provides support in the preparation, review, and maintenance of timely monthly and quarterly risk reports.
8. May participate in select projects depending on expertise and progress on the learning process above
9. Performs other duties as assigned

Education

  • Bachelor's Degree required

Work Experience

  • Prior Experience in customer service, banking or financial services and/or internship experience required

Preferred Qualifications:
1. Programing skills R, Python, SAS or similar.

2. Strong math background.
3. Strong attention to detail and customer service orientation.
4. Excellent verbal and written communication and interpersonal skills.
5. Knowledge of Microsoft Excel.
6. Ability to work independently as well as collaboratively in a team environment.
7. Demonstrated ability to produce work that is timely, accurate and thorough.

The starting base for this role is $62,000.
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. 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.

About CoBank

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, gender identity, national origin, disability, or status as a protected veteran.

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