Risk Analyst - Collateral Credit Risk

Join the FHLBC team!

At the Federal Home Loan Bank of Chicago, employees come first - that's why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.

* Retirement program (401k and Pension)

* Medical, dental and vision insurance

* Lifestyle Spending Account

* Generous PTO plan

* 11 paid holidays per year

Who we are:

FHLBank Chicago partners with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment in the Bank, and support for their community investment activities. We are one of 11 Federal Home Loan Banks created by Congress in 1932 as a government sponsored enterprise to support mortgage lending and community investment. We are member owned and member focused. Our members include banks, credit unions, insurance companies and CDFIs.

What it's like to work here:

At FHLBank Chicago, we bring people together. Our regular All-Staff meetings keep employees informed and our values drive the work that we do. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Our Employee Value Proposition is honed by listening and identifying the needs and priorities of our valued employees. Through CommuniTeam, we volunteer and identify ways to strengthen our communities. Our Office of Diversity, Equity and Inclusion (DEI) hosts signature and employee-led events for continued learning; and Employee Resource Groups (ERGs) and culture clubs create connections around shared interests and experiences. We offer live and on-demand professional development opportunities to grow your skillset and your career.

What you'll do:

We are seeking a Risk Analyst to join the Markets Credit Team. The Risk Analyst will have primary responsibility for measuring, monitoring, and analyzing historical trends and external factors impacting the credit risk exposure for securities and mortgage related products. These responsibilities include developing detailed analysis, utilizing financial modeling and statistical techniques to predict, evaluate and manage the credit risk across various asset classes. A successful candidate will have an understanding of security and loan markets, regulatory compliance, transaction structures, analytic techniques and mortgage and securities underwriting.

How you'll make an impact:

• Work in a team based environment and perform analyses to inform data driven decision making

• Build strong, trustworthy partnerships with internal stakeholders, Members and external vendors

• Support the Bank's risk management strategy and interface with executive management

What you can expect:

• Analyze security and loan markets, regulatory compliance, transaction structures, mortgage and securities underwriting to evaluate the credit risk of the Bank's pledged collateral portfolio.

• Assist in the maintenance and ongoing procedures around the collateral valuation process - including benchmark studies and asset level loss analysis.

• Monitor collateral valuation providers and ensure reasonableness of their methodologies and practices.

• Perform and develop ad hoc analyses to aide in Credit Department decisions.

• Create efficiencies within work tasks to eliminate or reduce manual processes.

What you'll bring:

• Degree in Finance, Accounting, Management, Economics, Mathematics, Statistics or other related discipline.

• 1-4 years of experience in fixed income securities or mortgage markets in a Financial or Risk based role.

• An understanding of financial and statistical modeling techniques and associated tools.

• Experience with data analytics and management and associated business intelligence software/tools.

• SQL database

• Tableau/Alteryx or other business intelligence tools

• MS Office products

• Programming experience preferred (VBA/R/Python)

• Bloomberg experience preferred

• Knowledge in fixed income, mortgage market and credit risk management

• Strong interpersonal communication skills (written, oral, and listening) are required.

• Strong analytic abilities, including credit underwriting experience and the ability to manipulate large data sets

• Strong problem solving skills, including the ability to analyze complex situation, identify potential risks, and formulate mitigation strategies.

• Ability to apply advanced statistical technics to analyze data, uncover trends and derive insights to inform decision making

• Comfortable working within a team-based environment.

• Must be self-directed, take initiative and manage time effectively.

• Ability to learn quickly.

The perks:

At FHLBank Chicago, employees come first. We offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees. Our retirement program includes a 401K and Pension. Our generous PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year. We offer work from home options and a casual dress code at our beautiful new space in the Old Post Office. Step into your future with us.