Quantitative Rotational Analyst: Risk & Treasury Rotations

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

Benefits offered by this job

Competitive compensation

Bonus program

401k and Pension

Medical/dental/vision insurance

Lifestyle Spending Account

Paid holidays

Mentorship & development

Job summary

FHLBank Chicago offers a 2-year Quantitative Rotational Program across Market Risk, Model Risk, Markets Credit, and Capital Markets. Analysts will gain hands-on experience, build reporting tools, and interact with model owners, while receiving mentorship and development opportunities.

The program aims to place high-achieving analysts into permanent roles based on performance and business needs, with a strong emphasis on collaboration and in-office operations.

Qualifications

• Bachelor’s or Master’s degree in a quantitative field with 2–5 years of related experience.
• Banking/finance exposure is a plus.
• Strong Microsoft Office skills; programming for data analysis (SQL, SAS, R, VBA).
• Experience with data visualization tools (Tableau) is preferred.

Responsibilities

• Develop and/or utilize tools to analyze and monitor market risk and create reports.
• Back-test and benchmark interest rate and prepayment models; identify process improvements.
• Support validation processes across model risk and data verification.
• Analyze large loan portfolios and assist in valuation frameworks for collateral.

Skills

Quantitative analysis

Data visualization

Communication

Problem-solving

Attention to detail

Education

Bachelor's degree

Master's degree (MBA included)

Tools

SQL

SAS

R

VBA

Tableau

Microsoft Office

Job description

FHLBank Chicago offers a 2-year Quantitative Rotational Program across Market Risk, Model Risk, Markets Credit, and Capital Markets. Analysts will gain hands-on experience, build reporting tools, and interact with model owners, while receiving mentorship and development opportunities.

The program aims to place high-achieving analysts into permanent roles based on performance and business needs, with a strong emphasis on collaboration and in-office operations.