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 * 11 paid holidays per year * Hybrid working model (effective February 22, 2022) * Casual dress code
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:
In this position you will provide timely and accurate support for the Bank's credit analysis of non-depository financial institutions including Life, P&C, and Health insurance companies. The role also requires support for departmental duties including analytical support and ad-hoc requests with the expectation that the analyst will eventually lead independent credit reviews of current and new members.
How you'll make an impact:
Support lending decisions impacting some of the largest insurers in the world.
Help with Bank policy setting for risk based approach to lending.
Consider the macro environment and its effect on credit decisions.
Interact with members and key stakeholders to influence decision making and advance key credit group objectives.
What you can expect:
Surveillance of existing insurance members for material changes in credit quality.
Analyze the creditworthiness of financial institutions that pose an elevated credit risk to the Bank and make appropriate recommendations.
Maintain credit models, as well as support department analytics of large financial data sets
Coordinate with Relationship Managers and communicate with financial institution clients and counterparties.
Assist with developing the Bank's credit risk policy.
Perform ad hoc analysis for senior management and third parties (such as regulators).
Create efficiencies within work tasks to eliminate or reduce manual processes.
What you'll bring:
Bachelor's or Master's degree in Finance or Economics
1-4 years of experience in financial institution analysis required
Experience with insurance organizations and statutory accounting is desired
Excellent interpersonal communication skills (written, oral, and listening) are required.
Strong analytic abilities and technical competencies
At ease working within a team-based environment.
Time management and an ability to display curiosity and initiative are necessary.
Familiarity with MS Office Products Required (Excel, Outlook, Access, and Word)
Tableau, VBA, R, SNL and Bloomberg experience is a plus
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. #LI-Hybrid
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.