Risk Analyst Visa Sponsorship Jobs in Indiana
Indiana's risk analyst hiring is anchored in Indianapolis, where major insurers like Anthem (now Elevance Health) and financial institutions such as Old National Bank and First Internet Bank actively recruit quantitative and credit risk professionals. Fort Wayne and Bloomington also show demand, particularly from regional banks and Indiana University's business analytics pipeline feeding entry and mid-level roles.
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Get Access To All JobsINTRODUCTION
Is it a Bank? A cooperative? A leader in affordable housing? We are all those things and more!
Our core mission at FHLBank Indianapolis is to provide reliable and readily available liquidity to our member institutions to support housing finance and community development. Simply put, we’re a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. We also assist in meeting the economic and housing needs of communities and families through grants and subsidized advances that support affordable housing and economic development.
But enough about us, let’s talk about you.
Are you looking for a company that views their employees as their greatest asset?
A company that’s dedicated to making a difference in the community? So much so they pay their employees to volunteer?
Do you want to join a talented workforce that prioritizes equal opportunity within an inclusive culture, and promotes learning and development, unique skills/ideas, and employee engagement?
If you’ve said yes to these questions, then we might be a match!
HERE IS WHAT WE OFFER:
- Flexible hybrid workforce model: Onsite three days a week and two days remote. We also offer remote flex days!
- Fantastic, competitive pay and total rewards
- Industry-high 401(k) match: up to 6% PLUS…an additional 4% contribution!
- Tuition reimbursement assistance: To help you continue to develop personally and professionally.
- Student loan repayment assistance: That’s right, we will help you repay outstanding student loans!
- Awesome Benefits Package: Medical, dental, vision benefits and even pet (you read that right) insurance!
- Generous time off: Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program
- “Dress for your day” dress code: You choose the appropriate work attire based on what your day looks like.
Statistics show that it is less likely for some candidates to submit their application if they don't meet all the criteria within the job description. If this is you, we encourage you to give yourself a chance and submit your application anyway, as you may be the perfect match for this role!
PURPOSE:
The ERM Market Risk Analyst II is responsible for providing financial and analytical information to bank management to support risk and business-related decision-making with a focus on market risk analysis. The role resides in the Enterprise Risk Management department, whose primary focus is identifying, measuring, monitoring, and reporting the level and trends of risk within the organization.
The following statements are intended to describe the general nature and level of work being performed by a person in this job. They are not intended to be an exhaustive list of all responsibilities or abilities required. The Bank reserves the right to alter or amend this description at any time.
SPECIFIC RESPONSIBILITIES:
- Risk measurement, monitoring, and reporting: Supports the production of market risk analysis and reporting, including balance sheet risk analysis, valuation of financial instruments, stress testing, sensitivity analysis, and risk analysis related to fixed income and derivatives. Produces timely, accurate, and relevant reporting.
- Market & Portfolio Analysis: Researches and applies quantitative techniques and other data science applications toward the analysis of solutions to important cases for risk management purposes. Be a key resource for explaining risk numbers, new risk analytics, data issues, market information, risk modeling, testing, and implementing new models and systems, etc. Performs or assists in ad-hoc analyses in a timely manner. Uses the PolyPaths platform along with quantitative tools and techniques to measure and analyze valuations of financial instruments and risk model results to reach conclusions on changes in risk positions.
- Systems & Data Management: Assists in general improvement, automation, and maintenance of the mark risk reporting environment, databases, scripts, testing, and tasks. Assist in actively developing or redesigning processes to improve efficiency in processes and analytics. Responsible for maintaining ongoing reporting processes pertaining to market risk, including model change approvals, validation recommendations, and other remediation steps.
- Stakeholder Collaboration: Clearly communicates technical details related to market risk management and model assumptions to management, team members, and supporting staff across the organization.
- Model Validation & Development Support: Participates in model development and as needed, in the tuning/assessment of market risk models. Performs user acceptance testing.
- Regulatory Compliance: Interacts with market risk validators about market risk processes, controls, and documentation, demonstrating adherence to applicable regulations and internal policies. Writes clear documentation on market risk processes and controls to meet standards set by the Model Risk Management Group, as well as regulatory (FHFA) modeling Advisory Bulletins.
- Continuous Learning: Stays current with technical enhancements, methodologies, statistical, mathematical, and analytical/computational techniques, and trends related to market risk management. Research, understand, and implement next-generation analytical capabilities in Enterprise Risk Management and market risk core functions to support market risk management understanding, regulatory testing, and lines of business needs.
POSITION REQUIREMENTS:
- Master’s degree in Mathematics, Quantitative Analysis, Statistics, Financial Engineering, or any other quantitative field. Alternatively, a Finance/Economics Master's with a background or focus on Mathematics/Statistics/Quantitative/Engineering.
- One year of experience (could include time as a research assistant while doing graduate studies) doing quantitative risk or related analysis or research in any of the following areas: quantitative finance, applied mathematics, optimization/mathematical programming, fixed income analysis, or econometrics.
- Experience in at least one of the following languages or applications: Python, R, Scala, MATLAB, Java, C/C++/C#, SAS, Stata, SPSS, SQL, Power BI, Fabric, or VBA.
-
Not required but a plus:
-
Experience with Asset/Liability and valuation software/models such as Polypaths, QRM, ZMDesk, Principia, etc.
- A strong understanding of fixed-income principles, including mortgage-backed securities and derivatives.
-
Professional certifications, such as CFA (Chartered Financial Analyst), FRM (Financial Risk Manager), or PRM (Professional Risk Manager).
-
Advanced analytical skills necessary to develop complex financial, quantitative, and market risk reports and analyses.
- Strong ability to identify potential concerns, analyze and solve problems; ability to work effectively and independently to resolve such issues.
- High degree of interest in fixed income, derivatives, balance sheet analysis, and valuation analysis.
- Detail-oriented and flexible to support management and regulatory reporting.
- Ability to prioritize multiple competing objectives with a high degree of initiative and independence.
- Ability to work as required for meeting deadlines.
- Verbal, written, and interpersonal skills to communicate effectively with all levels of Bank personnel.
- Must not have been convicted of any civil or criminal charge that would suggest a risk to Bank security.
- Ability to work full-time with three days per week working from the office and two days remote.
- Ability to uphold and model the Bank’s Guiding Principles.
Hiring Range: $85,000 - $100,000
Hiring ranges reflect the base salary that the Bank reasonably expects to pay for a given role and is not inclusive of annual incentive award opportunities, retirement benefits or the value of other health and welfare or other ancillary benefits. We consider many factors when determining base salaries such as individual background and experience, the competitive environment, education, particular skill set(s), and industry and institutional knowledge.
FHLBank Indianapolis is an Equal Opportunity Employer.
INTRODUCTION
Is it a Bank? A cooperative? A leader in affordable housing? We are all those things and more!
Our core mission at FHLBank Indianapolis is to provide reliable and readily available liquidity to our member institutions to support housing finance and community development. Simply put, we’re a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. We also assist in meeting the economic and housing needs of communities and families through grants and subsidized advances that support affordable housing and economic development.
But enough about us, let’s talk about you.
Are you looking for a company that views their employees as their greatest asset?
A company that’s dedicated to making a difference in the community? So much so they pay their employees to volunteer?
Do you want to join a talented workforce that prioritizes equal opportunity within an inclusive culture, and promotes learning and development, unique skills/ideas, and employee engagement?
If you’ve said yes to these questions, then we might be a match!
HERE IS WHAT WE OFFER:
- Flexible hybrid workforce model: Onsite three days a week and two days remote. We also offer remote flex days!
- Fantastic, competitive pay and total rewards
- Industry-high 401(k) match: up to 6% PLUS…an additional 4% contribution!
- Tuition reimbursement assistance: To help you continue to develop personally and professionally.
- Student loan repayment assistance: That’s right, we will help you repay outstanding student loans!
- Awesome Benefits Package: Medical, dental, vision benefits and even pet (you read that right) insurance!
- Generous time off: Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program
- “Dress for your day” dress code: You choose the appropriate work attire based on what your day looks like.
Statistics show that it is less likely for some candidates to submit their application if they don't meet all the criteria within the job description. If this is you, we encourage you to give yourself a chance and submit your application anyway, as you may be the perfect match for this role!
PURPOSE:
The ERM Market Risk Analyst II is responsible for providing financial and analytical information to bank management to support risk and business-related decision-making with a focus on market risk analysis. The role resides in the Enterprise Risk Management department, whose primary focus is identifying, measuring, monitoring, and reporting the level and trends of risk within the organization.
The following statements are intended to describe the general nature and level of work being performed by a person in this job. They are not intended to be an exhaustive list of all responsibilities or abilities required. The Bank reserves the right to alter or amend this description at any time.
SPECIFIC RESPONSIBILITIES:
- Risk measurement, monitoring, and reporting: Supports the production of market risk analysis and reporting, including balance sheet risk analysis, valuation of financial instruments, stress testing, sensitivity analysis, and risk analysis related to fixed income and derivatives. Produces timely, accurate, and relevant reporting.
- Market & Portfolio Analysis: Researches and applies quantitative techniques and other data science applications toward the analysis of solutions to important cases for risk management purposes. Be a key resource for explaining risk numbers, new risk analytics, data issues, market information, risk modeling, testing, and implementing new models and systems, etc. Performs or assists in ad-hoc analyses in a timely manner. Uses the PolyPaths platform along with quantitative tools and techniques to measure and analyze valuations of financial instruments and risk model results to reach conclusions on changes in risk positions.
- Systems & Data Management: Assists in general improvement, automation, and maintenance of the mark risk reporting environment, databases, scripts, testing, and tasks. Assist in actively developing or redesigning processes to improve efficiency in processes and analytics. Responsible for maintaining ongoing reporting processes pertaining to market risk, including model change approvals, validation recommendations, and other remediation steps.
- Stakeholder Collaboration: Clearly communicates technical details related to market risk management and model assumptions to management, team members, and supporting staff across the organization.
- Model Validation & Development Support: Participates in model development and as needed, in the tuning/assessment of market risk models. Performs user acceptance testing.
- Regulatory Compliance: Interacts with market risk validators about market risk processes, controls, and documentation, demonstrating adherence to applicable regulations and internal policies. Writes clear documentation on market risk processes and controls to meet standards set by the Model Risk Management Group, as well as regulatory (FHFA) modeling Advisory Bulletins.
- Continuous Learning: Stays current with technical enhancements, methodologies, statistical, mathematical, and analytical/computational techniques, and trends related to market risk management. Research, understand, and implement next-generation analytical capabilities in Enterprise Risk Management and market risk core functions to support market risk management understanding, regulatory testing, and lines of business needs.
POSITION REQUIREMENTS:
- Master’s degree in Mathematics, Quantitative Analysis, Statistics, Financial Engineering, or any other quantitative field. Alternatively, a Finance/Economics Master's with a background or focus on Mathematics/Statistics/Quantitative/Engineering.
- One year of experience (could include time as a research assistant while doing graduate studies) doing quantitative risk or related analysis or research in any of the following areas: quantitative finance, applied mathematics, optimization/mathematical programming, fixed income analysis, or econometrics.
- Experience in at least one of the following languages or applications: Python, R, Scala, MATLAB, Java, C/C++/C#, SAS, Stata, SPSS, SQL, Power BI, Fabric, or VBA.
-
Not required but a plus:
-
Experience with Asset/Liability and valuation software/models such as Polypaths, QRM, ZMDesk, Principia, etc.
- A strong understanding of fixed-income principles, including mortgage-backed securities and derivatives.
-
Professional certifications, such as CFA (Chartered Financial Analyst), FRM (Financial Risk Manager), or PRM (Professional Risk Manager).
-
Advanced analytical skills necessary to develop complex financial, quantitative, and market risk reports and analyses.
- Strong ability to identify potential concerns, analyze and solve problems; ability to work effectively and independently to resolve such issues.
- High degree of interest in fixed income, derivatives, balance sheet analysis, and valuation analysis.
- Detail-oriented and flexible to support management and regulatory reporting.
- Ability to prioritize multiple competing objectives with a high degree of initiative and independence.
- Ability to work as required for meeting deadlines.
- Verbal, written, and interpersonal skills to communicate effectively with all levels of Bank personnel.
- Must not have been convicted of any civil or criminal charge that would suggest a risk to Bank security.
- Ability to work full-time with three days per week working from the office and two days remote.
- Ability to uphold and model the Bank’s Guiding Principles.
Hiring Range: $85,000 - $100,000
Hiring ranges reflect the base salary that the Bank reasonably expects to pay for a given role and is not inclusive of annual incentive award opportunities, retirement benefits or the value of other health and welfare or other ancillary benefits. We consider many factors when determining base salaries such as individual background and experience, the competitive environment, education, particular skill set(s), and industry and institutional knowledge.
FHLBank Indianapolis is an Equal Opportunity Employer.
Risk Analyst Job Roles in Indiana
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Search Risk Analyst Jobs in IndianaRisk Analyst Jobs in Indiana: Frequently Asked Questions
Which companies in Indiana sponsor visas for risk analysts?
Elevance Health (formerly Anthem) in Indianapolis is among the most active sponsors for risk and analytics roles in Indiana. Regional financial institutions like Old National Bank, First Internet Bank, and Centaur Financial Group have also filed sponsorships for quantitative and credit risk positions. Larger national firms with Indiana operations, including Salesforce and Eli Lilly, occasionally sponsor risk-adjacent analyst roles depending on departmental need.
Which visa types are most common for risk analyst roles in Indiana?
The H-1B visa is the most common visa category for risk analyst positions in Indiana, as the role typically requires at least a bachelor's degree in finance, statistics, mathematics, or a related field, satisfying the specialty occupation standard. Candidates from Australia may be eligible for the E-3 visa. Those with Canadian or Mexican citizenship can explore the TN visa under the NAFTA/USMCA economist or accountant categories, depending on exact job duties.
Which cities in Indiana have the most risk analyst sponsorship jobs?
Indianapolis concentrates the majority of risk analyst sponsorship activity in Indiana, driven by its insurance sector, regional banking presence, and corporate headquarters. Fort Wayne has a secondary cluster tied to financial services and manufacturing risk roles. Bloomington sees some demand connected to Indiana University's finance and analytics programs, which create a local employer base familiar with hiring international graduates into risk-focused positions.
How to find risk analyst visa sponsorship jobs in Indiana?
Migrate Mate filters job listings specifically by visa sponsorship availability, making it straightforward to search for risk analyst roles in Indiana without manually screening each employer. You can narrow results by location and job title to focus on Indianapolis, Fort Wayne, or statewide opportunities. This is particularly useful for identifying which Indiana employers have an active history of sponsoring work visas for quantitative and risk analysis positions.
Are there state-specific considerations for risk analysts seeking sponsorship in Indiana?
Indiana's insurance and financial services sector is the dominant pipeline for sponsored risk analyst roles, so candidates with actuarial credentials, credit risk modeling experience, or regulatory compliance backgrounds are better positioned than generalist analysts. Indiana University and Purdue University maintain strong employer relationships in these sectors, and international graduates from these schools often already have connections to local sponsors. Prevailing wage determinations for risk analyst roles in Indianapolis are set at the metro level and reflect Midwest market rates, which can affect an employer's cost calculation when considering sponsorship.
What is the prevailing wage for sponsored risk analyst jobs in Indiana?
U.S. employers sponsoring a visa must pay at least the prevailing wage, which is what workers in the same role, area, and experience level typically earn. The Department of Labor sets this rate to make sure companies aren't hiring foreign workers simply because they'd accept lower pay than a U.S. worker. It varies by job title, location, and experience. You can look up current prevailing wage rates for any occupation and location using the OFLC Wage Search page.