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.
* Medical, dental and vision insurance * Retirement program (401k and Pension) * Generous PTO plan * 10 paid holidays per year * Work from home options * Casual dress code
FHLBank Chicago is a $100 billion co-operative bank and a government sponsored entity that issues global debt collectively with 10 other FHLBanks across the United States. FHLBank Chicago provides wholesale funding and secondary mortgage market solutions to financial institutions in Illinois and Wisconsin, supporting housing finance and community investment.
The Senior Fixed Income Analyst will assist the Strategy and Solutions team in the Sales, Strategy, & Solutions Group at the Federal Home Loan Bank of Chicago (Bank). Activities include analyzing and interpreting financial market data, modeling and analyzing balance sheets of financial institutions, including banks, credit unions and insurance companies. Will work closely with other members of the Sales, Strategy and Solutions, Balance Sheet Management, and the Mortgage Trading desk to assist in the development of asset-liability product solutions and ideas primarily in the investments and loan funding space.
The individual will also contribute to the development of new investment strategies and funding solutions, conduct market and competitor analysis, and prepare whitepapers and presentation materials that serve to differentiate our products. The individual will also actively participate in meetings with clients and prospects to communicate our solutions, strategies, and insights.
Be seen as a trusted advisor to staff and client financial institutions (members), providing models and strategies involving structured cash flows such as loans, MBS, CMBS, ABS, CLOs, corporates, municipals, and interest rate derivatives
Monitor investment opportunities for members and provide insight into current market opportunities and funding strategies, emphasizing positioning, performance, and risk exposures
Produce whitepapers and presentations on spread portfolios, liability driven investment, pension, RBC, and other strategies for insurance company clients
Assist in developing models, analytics, whitepapers, and tools to support sales directors in sustaining and growing member usage across products lines (Advances, Mortgage Partnership Finance, Letters of Credit, and Community Advances)
Study financial institution (bank, credit union, and insurance company) business models and identify future/emerging trends
Maintain and expand industry and product knowledge to be relevant and beneficial to member needs
Other Sales, Strategy & Solutions projects as assigned
3-5+ years of experience in a financial institution, asset manager, investment bank, or investment area of a non-financial institution involving one or more of the following: financial market analysis, balance sheet modeling, mortgage/investment research, statistical modeling, financial engineering, and/or risk modeling
3-5 years' experience can be substituted with relevant education
Database experience/mapping and software such as MS Access, Tableau, SQL required
Bachelor's degree in Finance, Accounting, Mathematics, Economics, or related field
CFA and/or Master's degree preferred
Knowledge, Skills, Abilities & Behaviors:
A high degree of professionalism with outstanding communication (written, verbal, and listening) skills
Demonstrated knowledge of portfolio and market analysis and a passion for fixed income investing
Ability to self-start and self-motivate, a willingness to take an active role and drive results by collaborating with peers, leaders, clients, and teams
Desire for continuous learning and inclination to understand big picture elements potentially outside of current role requirements
Motivated by a curiosity to find new questions or answers by looking at data and problems in novel or unique ways in order to drive innovation and unique solutions
Strong quantitative and analytical skills
Knowledge of financial engineering and risk modelling a plus
Ability to create and manipulate large spreadsheets and data
Ability to prioritize work, meet deadlines, and concentrate on details in a fast-paced work environment
The Federal Home Loan Bank of Chicago is a $100 billion wholesale bank and one of 11 district banks chartered in 1932 by the U.S. Congress to support mortgage lending and community investment. Each FHLBank operates as an independent organization and is governed by a board of directors elected by its member institutions. As a cooperative, we provide reliable liquidity to our member banks, credit unions, insurance companies, and community development financial institutions located in Illinois and Wisconsin, focusing on the distinct needs of their individual businesses and communities.
We offer products and services to help our members fund loans and investments held in portfolio, manage liquidity, fund mortgages into the secondary market, secure third party agreements, and achieve asset liability management goals. Through our Community Investment and Affordable Housing programs, we also help our members to provide affordable housing and economic development in the communities they serve.
FHLBank Chicago is a place, where everyone can make a difference—both for our organization and for the communities we serve through our member financial institutions. We aim to create a diverse... and inclusive environment where employees are fully engaged and positioned to do their best work. Teamwork is valued, and even entry-level hires may find themselves working side-by-side with senior-level executives.