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The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than 420 banks, credit unions, insurance companies, and community development financial institutions that access tens of billions of dollars of our reliable, wholesale funding each year. Our funds are a vital resource that helps our members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region.
Our highly skilled team of 220 is innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team. We offer opportunities for career development, robust benefits, and a work-life balance.
Position Summary
The Market Risk Management Team is responsible for the measurement, reporting and analysis of the Bank’s exposures to interest rates and other factors affecting market value and projected earnings.
The Risk Analyst II is a key contributor within the Market Risk team, helping the Bank understand, measure, and communicate its exposure to interest rate risk and other market-driven factors that affect market value and projected earnings. This role sits at the intersection of data, modeling, and decision-making, translating complex risk analytics into clear, actionable insights for senior leadership and regulators.
The Market Risk Analyst II is responsible for managing and executing key risk analysis processes, utilizing market risk models to generate accurate and defensible assessments for management, the Board of Directors, auditors, regulators, and external rating agencies. The position encompasses hands-on involvement in safeguarding the integrity of the Bank’s risk models, data, and assumptions, while delivering high-quality evaluations of exposures and sensitivities across the balance sheet, portfolios, counterparties, and individual transactions. Combining structured production tasks with analytical problem-solving, the Analyst provides both recurring and ad hoc quantitative and qualitative analyses, offering insightful commentary on market conditions, balance sheet trends, and emerging risks.
Additional responsibilities include maintaining risk analysis systems through model back-testing, benchmarking, and production controls, enhancing methodologies and assumptions, producing and validating core risk reports to support governance and management discussions, and upholding robust documentation and control procedures to ensure the availability of timely and accurate risk information.
The ideal candidate is a proactive self-starter with a solid financial and quantitative foundation, strong communication skills, and the ability to manage competing priorities in a deadline-driven environment. Experience or demonstrated aptitude in tools such as Python, SQL, data management, or related analytics disciplines is highly valued, as you’ll be encouraged to use these skills to improve efficiency, strengthen controls, and modernize risk analysis and reporting processes.
This role will have a hybrid work schedule in our Boston office in accordance with the Bank’s Hybrid Work Program. More time will be expected in the office to support onboarding initially.
Anticipated Pay Range
The anticipated base pay range for this role is $76,500 – $117,000.
This role is based in Boston with weekly in-office expectations. The base pay posted represents the annual base pay range or hourly wage range that we expect to offer for this job opportunity. The actual base salary offer will depend on a variety of factors including relevant experience, required skills and other relevant factors. The range noted here is not indicative of all positions in the job grade within which this position falls.
All Bank full-time positions are eligible to participate in our annual incentive program and our robust total rewards offerings, in addition to the base pay.
For more information, visit Careers – FHLBank Boston
Specific Responsibilities
Qualifications
Education
Experience
Knowledge/Skills
As an Equal Opportunity Employer, we strongly encourage applicants from every ethnicity, color, religion, gender, age, national origin, disability, veteran or parental status and sexual orientation.
Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
Applications are being accepted on the Careers page of our website: www.fhlbboston.com
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