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 Risk Analyst will be responsible for providing the accurate & timely measurement, analysis, monitoring, and reporting of market risk for the Bank. Making recommendations pertaining to reporting and security valuations as well as running and monitoring the daily risk reporting cycle.
Essential Duties and Responsibilities
Responsible for reporting the risk exposure and MVE/BVE of bank's balance sheet.
Responsible for the maintenance and upgrade of the risk management systems, performing quantitative test to assess any changes/enhancements to the pricing models within vendor's application.
Research new ways to automate/improve operation and reporting process.
Troubleshoot and bring to a quick resolution issues impacting regulatory reporting
Work effectively with other risk analysts in the group and perform ad-hoc analysis to support other teams across the bank.
Work on other projects supporting bank's initiative.
Experience and Experience Requirements
Bachelor or Advanced degree in finance, economics, mathematics, statistics, or other quantitative or computing fields and/or equivalent work experience.
CFA or FRM would be considered applicable experience.
1-3 years' work experience.
Proficient in MS Excel and Word.
Access/SQL Database experience.
Familiar with at least one programming language, python or VBA is preferred.
Exposure to vendor or in-house software used for security evaluation and risk is preferred.
Knowledge, Skills, Ablilties Required
Passionate about risk management and interested in market risk analysis.
Basic understanding in fixed income, mortgage securities or derivatives.
Must gain comprehensive knowledge of the bank's modeling tools used for risk and valuation
Detail-oriented and possess analytical skills necessary to research, troubleshoot, prepare, and present a variety of reports and analyses in a fast-paced, continually evolving atmosphere.
Excellent verbal and written communication skills.
Able to work effectively under pressure, either independently or as a member of a team.
Must be willing to work with flexibility and dependability - work schedule may include shifts outside the normal business hours.
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.