Risk Analyst - Market Risk and Earnings Analysis

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, Vision Insurance

Lifestyle Spending Account

11 paid holidays

Job summary

The Federal Home Loan Bank of Chicago seeks a Quantitative Analyst in Market Risk and Earnings Analysis to measure, monitor, and analyze the bank's financial risks. You will collaborate with Capital Markets, Finance, and Balance Sheet Management to strengthen risk reporting and forecasting.

You will build risk dashboards, support income simulations, and contribute to strategy with advanced analytics and visualization tools, aiding senior management decisions.

Qualifications

• 1-3 years of experience in risk management or quantitative risk modeling.
• Bachelor's degree in a quantitative or related field; Master's preferred.
• CFA or FRM designation is a plus or progress toward either.
• Strong mathematical, analytical, and communication skills.

Responsibilities

• Measure, monitor, and analyze the Bank's financial risks across markets and balance sheet.
• Support risk limit monitoring, reporting, and income simulation.
• Develop advanced risk dashboards and analytics for senior management.
• Collaborate with Capital Markets and Finance to support forecasting and planning.

Skills

risk management

quantitative modeling

asset/liability management

fixed-income analytics

capital markets

Python

SQL

risk analytics

Education

Bachelor's degree in a quantitative field

Master's degree preferred

Tools

Python

SQL

Tableau

Databricks

Job description

About the Company

At the Federal Home Loan Bank of Chicago, employees come first - that's why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.

• Collaborative, in-office operating model
• Retirement program (401k and Pension)
• Medical, dental and vision insurance
• Lifestyle Spending Account
• Competitive PTO plan
• 11 paid holidays per year

Why We Are Here

Our mission at FHLBank Chicago: To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment, and support for their community investment activities.

Simply said, we're a bank for banks and other financial institutions, focused on being a strategic partner for our members and working together to reinvest in our communities, from urban centers to rural areas. Created by Congress in 1932, FHLBank Chicago is one of 11 Federal Home Loan Banks, government sponsored in support of mortgage lending and community investment.

What it's like to work here

At FHLBank Chicago, we bring people together. Our regular All-Staff meetings keep employees informed and our values drive the work that we do. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Through our Office of Diversity, Equity and Inclusion (DEI), we host signature and employee-led events to celebrate our differences and learn from each other and identify volunteer opportunities to strengthen our communities; and Employee Resource Groups (ERGs) and culture teams create connections around shared interests and experiences. We offer live and on-demand professional development opportunities to grow your skillset and your career.

What you'll do

As a Quantitative Analyst in Market Risk and Earnings Analysis, you will work with stakeholders across the organization, including Capital Markets, Business Development, Finance, and Balance Sheet Management, to measure, monitor, and analyze the financial risks faced by the Bank.

You will perform quantitative risk and earnings analysis, support risk limit monitoring and reporting, contribute to income simulation and strategic planning, and help develop advanced risk dashboards and analytics for senior management.

How you'll make an impact

• Improve risk monitoring by designing efficient and scalable processes that provide timely visibility into risk exposures and trends.
• Deliver proactive quantitative analysis to identify emerging risks and support evolving modeling needs driven by market conditions, regulatory developments, and management priorities.
• Support strategic decision-making by partnering with Capital Markets, and other stakeholders on income forecasting and planning.
• Modernize risk analytics by applying advanced visualization, data, and analytical tools to improve reporting, automation, and management insights.

What you can expect

• Perform quantitative analysis of the Bank'smarket risk exposures, earnings sensitivity, and key risk drivers.
• Monitor risk limits, exposures, sensitivities, and emerging trends and communicate results to management.
• Partner with internal stakeholders onmodel enhancements, methodology changes, and system/version upgrades, including testing and impact analysis.
• Support the engineering and automation of risk and performance dashboards leveraging advanced visualization tools and AI across large datasets.
• Prepare analysis, reporting, and presentations forinternal committees, management discussions, and risk meetings.
• Support the CFO organization during the annual Strategic Planning process, including additional risk and stress scenarios within the income forecasting and risk analysis framework.
• Collaborate with Capital Markets and other departments on new products, investment opportunities, and hedging strategies, including analysis of potential earnings and risk impacts.
• Support process reengineering, model documentation, controls, and End-User Computing (EUC) maintenance.
• Perform other duties as assigned.

What you'll bring

• 1-3 years of experience in risk management, quantitative risk modeling, asset/liability management, fixed-income analytics, or capital markets.
• Bachelor's degree in a quantitative or related field such as Mathematical Finance, Computational Finance, Computer Science, Finance, Statistics, Mathematics, Economics, or Accounting. Master's degree preferred.
• CFA (Chartered Financial Analyst) or FRM (Financial Risk Manager) designation, or progress toward either designation, is a plus.
• Strong quantitative, analytical, and problem-solving skills, with the ability to translate complex concepts into clear business insights.
• Strong written and verbal communication skills, including the ability to explain technical concepts to non-technical stakeholders.
• Detail-oriented, collaborative, and comfortable managing multiple priorities and deliverables.
• Experience with Python and/or SQL preferred.

• Experience with Tableau, Databricks, or similar data and visualization platforms preferred.
• Knowledge of fixed-income products, interest-rate risk, income simulation, scenario analysis, or balance-sheet risk management is a plus.

Salary Range

$75,325.00 - $125,500.00

The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc