Sr Manager Mortgage Analytics & Insights

FHLBank; Chicago (IL); On-site; USD 151,000 - 266,000; Full time

Benefits offered by this job

401(k) and pension

Wellbeing program

PTO 5 weeks + 11 holidays

Lifestyle Spending Account

Downtown location with rooftop views

In-office collaborative model

Job summary

Federal Home Loan Bank of Chicago is seeking a senior leader to head mortgage analytics and insights, directing a team of managers and analysts while translating complex mortgage data into actionable guidance for executives and boards.

The role emphasizes strategic direction, risk management, and the development of analytics capabilities to support MPF and mortgage market decisions.

Qualifications

• Bachelor's degree in Finance, Economics, or a similar quantitative field required.
• Master’s degree preferred.
• 10–15 years of progressive analytical leadership experience, including mortgage portfolios or related assets, required.
• Previous leadership experience is required.

Responsibilities

• Lead mortgage analytics and insights to inform strategy, risk, and decision making.
• Direct MPF portfolio analysis and communicate insights to senior leadership and stakeholders.
• Oversee regulatory reporting and development of advanced analytics capabilities.

Skills

Analytical leadership

Mortgage analytics

Tableau

SQL

Data analysis

Communication

Education

Bachelor's in Finance/Economics

Master’s degree preferred

Tools

Tableau

SQL

Job description

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

Who we are

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. We are committed to a high performing, engaged workforce, and to supporting the communities we serve across Illinois and Wisconsin. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Our professional development and training opportunities through upskilling, mentorship programs, and tuition reimbursement allow employees to grow their career with us. Our collaborative, in‑office operating model brings teams together to foster innovation, connection, and shared success. To support balance and flexibility, employees are provided with an allocation of remote days to use as needed throughout the year.

What you’ll do

This role is accountable for leading the Bank's mortgage analytics and insights function, providing strategic direction and expert analysis of MPF, mortgage loan, and mortgage market data to inform business strategy, manage risk, support portfolio performance, and drive enterprise-wide decision making.

How you'll make an impact

You will establish the vision for a multi-level organization of managers and analysts and lead the team in analyzing and developing actionable insights on the Bank's mortgage purchase program (Mortgage Partnership Finance (MPF)) and the broader mortgage market. You will partner with senior Bank leaders and key stakeholders and provide them with the insights they need to manage the MPF Program and portfolio successfully through dynamically changing market conditions.

What you can expect

Establish the vision for a high‑performing mortgage analytics and insights organization comprised of managers and analysts, providing leadership, strategic direction, talent development, and technical oversight across the function. Partner with the MPF business and key stakeholders to analyze emerging issues and develop and recommend solutions that drive the business forward. Serve as the subject matter expert on mortgage loan analytics, independently reviewing, validating, and challenging analytical methodologies, assumptions, conclusions, and recommendations developed by the team and key stakeholders. Direct and independently assess the MPF portfolio to identify emerging trends, credit and market risks, performance drivers, and strategic opportunities, communicating insights to senior management, other FHLBanks, and the Board. Monitor and evaluate mortgage market developments, housing finance trends, regulatory changes, capital markets activity, and competitive dynamics to assess impacts on MPF and recommend strategies for long‑term success. Lead internal and external communication on the performance and risk of the Bank’s MPF and mortgage loan portfolio. Lead the development of advanced analytics, data science, artificial intelligence, and automation capabilities to enhance analytical depth, operational efficiency, and decision‑making across the function. Maintain and develop centralized reporting on the volumes, quality, risk, and performance of the MPF/mortgage loan portfolio for management, other FHLBanks, and the Board. Oversee regulatory reporting on the MPF and mortgage loan portfolio to the FHFA, Office of Finance, and rating agencies as required. Encourage teamwork, professionalism, and high morale on the team and throughout the Bank. Drive process improvements and efficiencies to eliminate or reduce manual processes and lower the risk of error. Lead a multi‑level organization through subordinate managers, with responsibility for organizational design, performance management, talent development, workforce planning, and employee engagement. Carry out ad hoc requests from FHLBank executives and senior leaders, auditors, and other stakeholders as needed.

What you'll bring

• Bachelors degree in Finance, Economics, or similar quantitative field required.
• Master’s degree preferred.
• 10-15 years of progressive analytical leadership experience, including significant direct experience analyzing mortgage loan portfolios, mortgage-backed securities, or other residential mortgage assets, is required.
• Previous leadership experience is required.
• Strong preference will be given to candidates with demonstrated success leading analytical teams with multiple levels of leadership and who have been accountable for organizational performance, talent development, succession planning, and strategic execution of a function.
• Deep expertise in residential mortgage lending, servicing, portfolio analytics, and mortgage market dynamics is required.
• Demonstrated ability to perform, review, and validate complex mortgage loan analyses independently while also critically assessing the analyses, models, assumptions, and conclusions developed by the team.
• Ability to translate complex mortgage portfolio and market analyses into clear, actionable recommendations for executive leadership, regulators, and boards of directors.
• Strong leadership, management, and coaching skills are a must.
• Robust analysis skills and expertise with analytics tools, including extensive experience managing and analyzing data sets and using business intelligence tools, are required.
• Experience with Tableau and SQL is strongly preferred.
• Must be an organized, independent thinker with the ability to handle multiple tasks concurrently.
• Excellent interpersonal communication skills (written, oral, and listening) are required.

Perks

• Our retirement program includes a 401(k) and pension plan.
• Our wellbeing program supports employees at work and in their personal lives.
• Our PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year.
• Our Lifestyle Spending Account provides an annual stipend for employees to support wellbeing activities.
• Our central downtown location at the Old Post Office provides easy access to public transportation and breathtaking views from our award‑winning rooftop.
• Collaborative, in‑office operating model.

Salary Range

Salary Range: $151,025.00 - $265,525.00 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