Risk Analyst, Income Risk Modeling - Chicago, United States - Federal Home Loan Bank of Chicago

Description

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.

Retirement program (401k and Pension)
Medical, dental and vision insurance
Lifestyle Spending Account
Generous PTO plan
11 paid holidays per year
Hybrid working model

Who We Are

Our mission at FHLBank Chicago:

To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment, and support for their community investment activities.

Simply said, we're a bank for banks and other financial institutions, focused on being a strategic partner for our members and working together to reinvest in our communities, from urban centers to rural areas.

Created by Congress in 1932, FHLBank Chicago is one of 11 Federal Home Loan Banks, government sponsored in support of mortgage lending and community investment.

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.

Through our Office of Diversity, Equity and Inclusion (DEI), we host signature and employee-led events to celebrate our differences and learn from each other and identify volunteer opportunities to strengthen our communities; and Employee Resource Groups (ERGs) and culture teams 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

In this role you will interact with stakeholders across the organization, such as business development and balance sheet management teams, to model the future income of the Bank.

Key responsibilities include overseeing, monitoring, and reporting on the Bank's income forecast, retained earnings growth, dividend ability and balance sheet compliance.

You will perform income at risk modeling and analysis, limits monitoring and reporting.

How You'll Make An Impact

Design efficient process to model our income projection timely.

Perform analysis to identify issues and support changing scenario analysis or modeling requirements from market update, regulatory change or management strategic needs.

Successful support our CFO for annual strategic planning process.

What You Can Expect

Support income forecasting and risk analysis processes, to model the Bank's income at risk, risk exposures and sensitivity to each.

Assist in the preparation and development of reporting and presentation for various internal committees and Board meetings.
Collaborate with business units to understand and refresh assumptions on future member activity and investment capacity.

Support the CFO in the annual Strategic Planning process by incorporating additional risk/stress scenarios in the income forecast process and risk analysis framework.

Collaborate with internal stakeholder on modelling changes and version upgrades to implement changes and assess income impact.
Collaborate with other departments on new product development, new investment consideration and hedge strategy implementation to assess income impact.
Assist in process re-engineering, model documentation and EUC(End-User Computing) maintenance
Other duties as assigned.

What You'll Bring

1+ years of experience in risk management, risk modeling or fixed income capital markets.
Master's degree in a quantitative field (Mathematical Finance, Computational Finance, Computer Science, Finance, Statistics, and Mathematics).
A designation of CFA (Chartered Financial Analyst) or FRM (Financial Risk Manager) is a plus.
Strong written and verbal communication skills, including the ability to convey complex concepts.
Detail oriented, with strong problem-solving abilities and quantitative/analytical skills.
The ability to self-manage and work on multiple deliverables concurrently.
Proficient in Microsoft Office products such as Excel, PowerPoint, and Word.
Knowledge of SQL, VBA, Python a plus.
Exposure to fixed income securities and derivatives, and Asset/Liability Management a plus.

The Perks

At FHLBank Chicago, we believe in rewarding our high performing workforce.

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 401(k) and pension plan.

Our wellbeing program supports employees at work and in their personal lives:

Our generous PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year; our Lifestyle Spending Account provides an annual stipend for employees to support wellbeing activities; and our central downtown location at the Old Post Office provides easy access to public transportation and breathtaking views from our award-winning rooftop.

Step into a brighter future with us.

Seniority level

Seniority level

Mid-Senior level
Employment type

Employment type

Full-time
Job function

Job function

Finance and Sales
Industries

Banking
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