First-Line Risk Analytics Analyst

FHLBank Chicago; Chicago (IL); On-site; USD 75,000 - 126,000; Full time

Benefits offered by this job

401(k) and Pension

Medical, dental and vision insurance

Lifestyle Spending Account

Competitive PTO plan

11 paid holidays per year

Buddy Program onboarding

Job summary

FHLBank Chicago is seeking an Analyst, Business Risk Management to support first-line risk controls for member-facing operations. You will conduct appropriateness reviews, track exceptions, and assist with governance and MPF oversight. The role emphasizes data-driven insights and timely, audit-ready documentation.

Collaborative, in-office work model with opportunities for remote days. Requires 1–3 years in risk/controls within financial services and a strong Excel/SQL/Tableau skillset.

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Business Analytics, or related field.
• 1–3 years of risk, controls, audit, compliance, operations, or analytics experience at a financial institution.
• Strong data and analytical skills with Excel; familiarity with SQL, Tableau, or Databricks is a plus.
• Exposure to risk frameworks, controls, or MPF program.
• Demonstrated ability to manage recurring deliverables accurately and on deadline.
• Solid analytical and documentation skills with attention to detail.
• Foundational risk fundamentals and regulatory awareness (Three-lines-of-defense).
• Highly organized with ability to manage multiple recurring deliverables.

Responsibilities

• Perform initial appropriateness reviews of member transactions against framework.
• Maintain first-line exception log, aging, and remediation.
• Gather data and produce recurring KRI and risk reports; develop dashboards.
• Support MPF governance, control inventories, and documentation.

Skills

Data analysis

Excel proficiency

SQL

Tableau

Databricks

Education

Bachelor's degree in Finance/Economics/Statistics/Business Analytics

Tools

SQL

Tableau

Databricks

Job description

FHLBank Chicago is seeking an Analyst, Business Risk Management to support first-line risk controls for member-facing operations. You will conduct appropriateness reviews, track exceptions, and assist with governance and MPF oversight. The role emphasizes data-driven insights and timely, audit-ready documentation.

Collaborative, in-office work model with opportunities for remote days. Requires 1–3 years in risk/controls within financial services and a strong Excel/SQL/Tableau skillset.