Quantitative Rotational Analyst: Risk & Treasury Path

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

Benefits offered by this job

401k and Pension

Medical, dental and vision insurance

Lifestyle Spending Account

Competitive PTO

11 paid holidays per year

Job summary

The Federal Home Loan Bank of Chicago is actively seeking quantitative analysts for its 2-year Rotational Program in Risk Management and Treasury. You will gain exposure across Market Risk, Model Risk, Credit, and Capital Markets while developing deep expertise in fixed income, risk analytics, and reporting.

Participants receive mentorship, structured training, and networking opportunities, with potential placement into a permanent position on completion.

Qualifications

• Bachelor's degree with 2–5 years in risk, mathematics, or quantitative finance.
• Master's degree (MBA) in the aforementioned fields is a plus.
• Experience in banking or finance is a plus.
• Strong relationship-building skills across the organization.
• Proficiency with Microsoft Office Suite and data visualization tools.

Responsibilities

• Develop and/or utilize tools to analyze, monitor, and report risk for the bank.
• Lead in interest rate and prepayment model monitoring with back-testing and benchmarking.
• Perform independent analysis and recommend solutions to management.
• Automate processes to increase efficiency and add controls where needed.
• Create new reports and provide ad hoc risk analytics as requested.
• Collaborate with markets, risk, and treasury teams on project initiatives.

Skills

Quantitative skills

Analytical thinking

Communication skills

Self-motivation

Education

Bachelor's degree with 2–5 years in Risk/Math/Quant fields

Master's degree (MBA) in relevant fields

Tools

SQL

SAS

R

VBA

Tableau

Job description

The Federal Home Loan Bank of Chicago is actively seeking quantitative analysts for its 2-year Rotational Program in Risk Management and Treasury. You will gain exposure across Market Risk, Model Risk, Credit, and Capital Markets while developing deep expertise in fixed income, risk analytics, and reporting.

Participants receive mentorship, structured training, and networking opportunities, with potential placement into a permanent position on completion.