Sr. Risk Analyst

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 model

• Retirement program (401k and Pension)

• Medical, dental and vision insurance

• Lifestyle Spending Account

• Competitive PTO plan

• 11 paid holidays per year

Senior Risk Analyst

Chicago

Responsibilities

• Review, maintain and upgrade the risk management systems and perform quantitative analysis to assess changes and enhancements to the pricing models within vendor applications
• Provide timely and accurate reporting of risk metrics as promulgated by the FHFA
• Provide detailed and in-depth analysis of bank balance sheet fair value and risk
• Research new ways to automate and improve operation and reporting processes
• Develop prepayment back testing reporting and provide in-depth prepayment analysis
• Lead projects related to process redesign, new hedge strategy development, new product development and system upgrade of Summit and Polypaths
• Provide guidance to junior risk analysts on regulatory reporting, troubleshooting production issues, data analytics, and quantitative modeling
• Identify uncaptured risks and enrich or build new risk reports with additional analysis
• Handle inquiries from internal departments across the bank and external regulators and auditors

Position Requirements

• Master's degree in Finance, Mathematics, Financial Mathematics or related field
• 2 years of related experience
• Any amount of experience providing measurement, analysis, monitoring, and reporting of market risk for fixed income products and interest rate derivatives
• Any amount of experience reporting risk exposure and Market Value of Equity/Book Value of Equity of bank's balance sheet
• Any amount of experience maintaining and upgrading risk management systems by performing quantitative tests to assess any changes or enhancements to pricing models
• Any amount of experience researching new ways to automate or improve operation and reporting process

Must live within normal commuting distance of worksite. 50 days a year remote work allowed.

Salary Range:

$90,400.00 - $150,700.00

The 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