Federal Home Loan Bank of Chicago - Chicago, IL

posted 5 months ago

Full-time - Entry Level
Hybrid - Chicago, IL
Credit Intermediation and Related Activities

About the position

Join the FHLBC team! 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. We are seeking a Risk Analyst to join the Markets Credit Team. The 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 financial modeling and statistical techniques to predict, evaluate and manage the credit risk across various asset classes. A successful candidate will have an understanding of security and loan markets, regulatory compliance, transaction structures, analytic techniques, and mortgage and securities underwriting. 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.

Responsibilities

  • Measure, monitor, and analyze historical trends and external factors impacting credit risk exposure for securities and mortgage-related products.
  • Develop detailed analysis utilizing financial modeling and statistical techniques to predict, evaluate, and manage credit risk across various asset classes.
  • Analyze security and loan markets, regulatory compliance, transaction structures, mortgage and securities underwriting to evaluate the credit risk of the Bank's pledged collateral portfolio.
  • Assist in the maintenance and ongoing procedures around the collateral valuation process, including benchmark studies and asset level loss analysis.
  • Monitor collateral valuation providers and ensure reasonableness of their methodologies and practices.
  • Perform and develop ad hoc analyses to aid in Credit Department decisions.
  • Create efficiencies within work tasks to eliminate or reduce manual processes.

Requirements

  • Degree in Finance, Accounting, Management, Economics, Mathematics, Statistics or other related discipline.
  • 1-4 years of experience in fixed income securities or mortgage markets in a Financial or Risk based role.
  • Understanding of financial and statistical modeling techniques and associated tools.
  • Experience with data analytics and management and associated business intelligence software/tools.
  • Proficiency in SQL database.
  • Experience with Tableau/Alteryx or other business intelligence tools.
  • Proficiency in MS Office products.
  • Programming experience preferred (VBA/R/Python).
  • Bloomberg experience preferred.
  • Knowledge in fixed income, mortgage market and credit risk management.
  • Strong interpersonal communication skills (written, oral, and listening).
  • Strong analytic abilities, including credit underwriting experience and the ability to manipulate large data sets.
  • Strong problem-solving skills, including the ability to analyze complex situations, identify potential risks, and formulate mitigation strategies.
  • Ability to apply advanced statistical techniques to analyze data, uncover trends and derive insights.

Nice-to-haves

  • Programming experience in VBA, R, or Python.
  • Bloomberg experience.

Benefits

  • Retirement program (401k and Pension)
  • Medical, dental and vision insurance
  • Lifestyle Spending Account
  • Generous PTO plan
  • 11 paid holidays per year
  • Hybrid working model
© 2024 Teal Labs, Inc
Privacy PolicyTerms of Service