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:
The Senior Analyst will play a pivotal role in how the Sales, Strategy and Solutions group at the FHLBank Chicago (Bank) educates and supports our members. The Senior Analyst will provide data-driven insights and analysis to help solve challenges facing each member's unique balance sheet needs while partnering with Sales to effectively communicate and deliver their findings.
Activities include analyzing and interpreting Bank product trends, assessing the current status and impact of economic, mortgage market and financial market data, and modeling and analyzing balance sheets of financial institutions. The Senior Analyst will work closely with other members of the Sales, Strategy and Solutions team, Balance Sheet Management, and the Mortgage Trading desk to assist in the development of asset-liability product solutions as well as tools and models to help support member understanding and usage of the Bank's products. The individual will also contribute to the development of new funding solutions, new products, conduct market and competitor analysis, and prepare whitepapers and presentation materials that serve to differentiate our products. The Senior Analyst will assist in our internal strategic planning process, product forecasting, and internal balance sheet modeling. Over time, we expect the individual to actively participate in meetings with current members and prospective to communicate our solutions, strategies, and insights.
How you'll make an impact:
Act as a trusted advisor to internal and external stakeholders, providing insights on our member balance sheet trends and timely, relevant solutions to help meet each member's unique needs based on the current economic environment.
Work collaboratively on cross-functional projects and provide recommendations in the strategic planning process to ensure we are continually evolving to meet member needs in an ever-changing environment.
Create presentations for various audiences, anywhere from executive-level presentations that communicate our mission, goals, and our value proposition, to in-depth, detailed analysis on a solution for a single member.
What you can expect:
Be a qualitative and quantitative expert on our members (including banks, credit unions, insurance companies, and community development financial institutions), understand the unique challenges they are facing, and identify how they can best leverage our products and solutions to meet their needs.
Act as a trusted advisor to member financial institutions, including providing models, analysis, and strategies for asset liability management, involving structured cash flows such as loans, MBS, CMBS, ABS, CLOs, corporates, municipals, and interest rate derivatives.
Collaborate with the sales team in developing content and materials for meetings with members, with the opportunity for virtual and on-site visits to present your analysis and insights.
Monitor financial markets for dislocations and strategic funding opportunities while understanding the risks/rewards and emphasizing positioning, performance, and risk exposures.
Assist in developing models, analytics, whitepapers, and tools to assist our sales team in sustaining and growing member usage across products lines (Advances, Mortgage Partnership Finance, Letters of Credit, and Community Investment Programs).
Participate in product forecasting efforts and use industry knowledge to help set the long-term strategic direction of the Bank.
Assist in developing presentations for the Executive Team for conferences and board of director meetings.
Monitor economic data releases, financial markets, and industry regulatory changes for emerging trends and assess the potential impact on the FHLBank Chicago and our member institutions.
Study financial institution (bank, credit union, and insurance company) business models and balance sheets to identify current and emerging trends.
Participate in cross-functional teams to develop new products, create new solutions, and develop training content for members.
What you'll bring:
Bachelor's degree in finance, business, economics, mathematics, computer science, or related field, or equivalent work experience.
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, and/or risk modeling.
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 new solutions.
Demonstrated knowledge of financial markets and economics.
Desire for continuous learning and an inclination to understand the "why" and big picture elements.
Ability to self-motivate and a willingness to take an active role and drive results by collaborating with peers, leaders, clients, and other internal teams.
Comfortability asking questions and challenging the status-quo with a goal of increasing efficiencies and improving the way things are done.
Willingness to share solutions and best practices with less experienced staff, including the ability to effectively cross-train by clearly communicating during and after their troubleshooting process with the goal of empowering other team members to resolve similar issues going forward.
Ability to prioritize work and meet deadlines while remaining detail-oriented in what can be a fast-paced work environment with changing priorities.
Experience organizing, consuming, and analyzing data to identify trends, insights and opportunities, with the ability to transform the data into visualizations for presentation.
A high degree of professionalism with outstanding communication skills (written, verbal, and listening).
Comfortable working with and presenting to executives and C-suite level individuals, and able to effectively tailor the content and level of detail appropriately based on the conversation and individuals present.
Ability to create professional, polished, and visually appealing presentations.
Tableau proficiency preferred.
SQL proficiency preferred.
Microsoft Office (PowerPoint, Excel, Word) proficiency required.
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.