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
Lead the design process and modeling development to implement new initiatives or keep up with market trend
Develop and coach Risk Analysts to build team knowledge base and perform higher level analysis
Serve as subject matter expert on market risk and provide oversight and recommend best practices to senior management
Set up modeling assumptions in risk management system to support Bank business
Perform benchmarking and back-testing for the modeling choices in the system
Analyze, monitor and create reports used to measure market risk
Test and evaluate risk models, data feeds, and reports used in making critical judgments on financial activities/transactions
Master's degree in Quantitative Finance, Finance or related field
5 years of related experience
Any amount of experience performing Exotic Derivatives programming using C++, AML Tuning in Python, Market Risk Research, Fixed Income Analysis and Model Validation for CCAR
Any amount of experience building mortgage rate forecasting models in SAS
Any amount of experience building credit risk models and automating the models in Python
Can work from home 3 days per week. Must live within commuting distance of office.
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.