Sr. Risk Analyst, Credit
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. Collaborative, in-office operating modelRetirement program (401k and Pension) Medical, dental and vision insurance Lifestyle Spending Account Competitive PTO plan 11 paid holidays per yearResponsibilitiesOperate and maintain credit risk models for mortgage loan portfoliosLead the development and implementation of alternative credit risk strategiesBuild algorithmic solutions and design strategies for model assumption setting and performance monitoringConduct scenario analysis and stress testing to assess portfolio risks under macroeconomic and climate risk scenariosResearch risk management frameworks to assess environmental and regulatory risk drivers on mortgage portfolios in accordance with regulatory requirements and industry best practices and report to senior managementPerform credit reviews for member institutions based on financial performance and credit worthinessCollaborate with validators, auditors and regulators to improve model accuracy and ensure regulatory complianceOptimize business processes through the use of data management and programing toolsResearch, diagnoses and identify solutions to issues on data anomalies and portfolio performance and create dashboards for senior management and risk committeesSupport business on MPF product design with business analyticsPosition RequirementsMaster’s degree in Mathematics, Finance, Quantitative Finance or related field and 2 years of related experience, or, a Bachelor’s degree in Mathematics, Finance, Quantitative Finance or related field and 4 years of related experienceAny amount of experience operating and maintaining credit risk models for mortgage loan portfoliosAny amount of experience building algorithmic solutions and design strategies for model assumption setting and performance monitoringAny amount of experience conducting scenario analysis and stress testing to assess portfolio risks under macroeconomic and climate risk scenariosAny amount of experience conducting business analysis using statistics methodology and tools of aggregated data from databases via SQLMust live within normal commuting distance of worksite. Remote work allowed up to 50 days per year.Salary range $110,150 to $115,000Salary Range:$90,400.00 - $150,700.00The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc