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
The Senior 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 sophisticated analytical and financial modeling and statistical techniques to predict, evaluate and manage the credit risk across various asset classes. The responsibilities of this role also include supporting legal negotiations from a credit perspective and supporting Bank systems and tools. A successful candidate will have in-depth knowledge of security and loan markets, regulatory compliance, transaction structures, mortgage and securities underwriting - preferably with an emphasis on fixed income securities.
Primary responsibilities include oversight for the following:
Leverage knowledge of security and loan markets, regulatory compliance, transaction structures, mortgage and securities underwriting to evaluate the credit risk of the Bank's pledged collateral portfolio.
Perform analytics and risk assessment on a large residential & commercial whole loan portfolio through the use of cash flow modeling, examination of loan level characteristics and risk structures.
Develop and maintain the valuation framework and procedures around the collateral pledged to the Bank including benchmark studies, asset level loss analysis and the setting of asset specific haircuts. Monitor collateral valuation providers and ensure the reasonableness of their methodologies and practices.
Develop forward-looking analytics around fixed income securities and the mortgage market.
Independently manage the group's regular processes around collateral valuation and monitoring ensuring accuracy and compliance with all internal and external requirements.
Develop coherent and succinct analysis to aide in Credit Department decisions.
Bachelor's degree in Finance, Accounting, Management, Economics or other business-related discipline. MBA or other Master's level degree preferred.
Minimum of 5 years of experience in fixed income securities or mortgage markets in a Financial or Risk based role.
Strong understanding of financial and statistical modeling techniques and associated tools.
Experience with data analytics and management and associated business intelligence software/tools
Knowledge, Skills, Abilities and Behaviors:
Excellent interpersonal communication skills (written, oral, and listening) are required.
Strong analytic abilities, including credit underwriting experience and the ability to manipulate large data sets
At ease working within a team-based environment.
Time management and an ability to display initiative are necessary.
Must be self directed with high energy level
Ability to learn quickly.
MS Office products
Programming experience preferred
Bloomberg experience preferred.
FHLBank Chicago Maintains a Safe Work Environment With A Mandatory Vaccination Policy For All Employees.
We are committed to providing a safe work environment for all our employees. The FHLBank Chicago requires all employees, except those who may require accommodations under federal or state civil rights laws, to be fully vaccinated.
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.