Model Risk Analyst: Validate & Elevate Financial Models

The Federal Home Loan Bank of Chicago; Chicago (IL); On-site; USD 75,325 - 125,500; Full time

Benefits offered by this job

401k and Pension

Medical, dental and vision insurance

Competitive PTO plan

Lifestyle Spending Account

Job summary

The Federal Home Loan Bank of Chicago is seeking a Model Risk Analyst to support model validation and risk governance. This role involves technical and administrative tasks related to data analytics and quantitative modeling, with opportunities to drive innovation in financial models.

The ideal candidate has a graduate degree in a quantitative discipline and 0-3 years of relevant experience. We offer competitive compensation and a comprehensive benefits package, including a 401(k) plan and generous PTO.

Qualifications

• Graduate degree in mathematics, statistics, financial mathematics, or econometrics.
• 0-3 years of experience in modeling or model validation.
• Detail-oriented and a critical thinker.

Responsibilities

• Drive innovation in credit and financial models.
• Collaborate with model owners and stakeholders.
• Automate and improve the modeling process.

Skills

Detail-oriented

Excellent communication skills

Proficient in Microsoft Office

Knowledge in Statistics

Knowledge of SQL/R/Python

Basic understanding of fixed income securities

Education

Graduate Degree in quantitative discipline

Tools

Microsoft Excel

Tableau

Job description

The Federal Home Loan Bank of Chicago is seeking a Model Risk Analyst to support model validation and risk governance. This role involves technical and administrative tasks related to data analytics and quantitative modeling, with opportunities to drive innovation in financial models.

The ideal candidate has a graduate degree in a quantitative discipline and 0-3 years of relevant experience. We offer competitive compensation and a comprehensive benefits package, including a 401(k) plan and generous PTO.