First-Line Risk & Analytics Analyst

Federal Home Loan Bank of Chicago; Chicago (IL); On-site; USD 75,000 - 126,000; Full time

Benefits offered by this job

Competitive compensation

Bonus package

Comprehensive benefits

401(k) and pension

PTO 5 weeks

11 holidays per year

Lifestyle Spending Account

Downtown Chicago location

Job summary

Federal Home Loan Bank of Chicago seeks an Analyst in Business Risk Management to strengthen our first-line risk capability. You’ll analyze risk trends, prepare reports, and support governance and MPF oversight with cross-functional partners.

Ideal candidates bring 1–3 years in risk analytics, strong Excel skills, and the ability to translate data into clear insights for leadership. This on-site role sits in the Member Financial Strategies group in Chicago.

Qualifications

• Bachelor’s degree in Finance, Economics, Statistics, Business Analytics, Risk Management, or a related field.
• 1-3 years of experience in risk, controls, audit, compliance, operations, or analytics at a financial institution.
• Strong data and analytical skills with attention to detail and accuracy.
• Proficiency in Excel; familiarity with SQL, Tableau, or Databricks is a plus.
• Understanding of KRIs and three-lines-of-defense model is beneficial.

Responsibilities

• Perform initial appropriateness reviews of member transactions and solution designs against established framework.
• Maintain first-line exception log with status, aging, and remediation.
• Prepare clear exception write-ups and ensure audit-ready documentation.
• Gather data and produce recurring KRI and first-line risk reports.
• Design dashboards to support risk analysis and monitoring.
• Support MPF oversight and governance activities across lines of defense.

Skills

Data analysis

Analytical thinking

Communication skills

Attention to detail

Risk fundamentals

Education

Bachelor’s degree in Finance, Economics, Statistics, Business Analytics, Risk Management, or related field

Tools

Excel

SQL

Tableau

Databricks

Job description

Federal Home Loan Bank of Chicago seeks an Analyst in Business Risk Management to strengthen our first-line risk capability. You’ll analyze risk trends, prepare reports, and support governance and MPF oversight with cross-functional partners.

Ideal candidates bring 1–3 years in risk analytics, strong Excel skills, and the ability to translate data into clear insights for leadership. This on-site role sits in the Member Financial Strategies group in Chicago.