Sr. Risk Analyst, Credit

Fhlbc; Chicago (IL); On-site; USD 110,150 - 150,700; Full time

Benefits offered by this job

401k and Pension

Medical/Dental/Vision insurance

Lifestyle Spending Account

Paid time off

11 paid holidays per year

Collaborative in-office model

Job summary

Federal Home Loan Bank of Chicago is seeking a highly skilled risk professional to operate and enhance credit risk models for mortgage portfolios. You will lead model development and implement alternative risk strategies, while building algorithmic solutions for model assumptions and performance monitoring.

The role requires expertise in scenario analysis, stress testing, and research into risk frameworks. Collaboration with validators, auditors and regulators ensures compliance and robust

Qualifications

• Master’s degree in Mathematics, Finance, Quantitative Finance or related field with 2 years’ related experience.
• Experience operating and maintaining credit risk models for mortgage portfolios.
• Experience building algorithmic solutions for model assumptions and performance monitoring.
• Experience conducting scenario analysis and stress testing for portfolio risks.
• Experience performing data analysis using statistics and SQL.

Responsibilities

• Operate and maintain credit risk models for mortgage loan portfolios
• Lead development and implementation of alternative credit risk strategies
• Build algorithmic solutions and design model assumptions
• Conduct scenario analysis and stress testing
• Research risk management frameworks and report to senior management
• Perform credit reviews for member institutions
• Collaborate with validators, auditors and regulators to ensure compliance
• Optimize business processes through data management and programming tools
• Create dashboards for senior management and risk committees
• Support MPF product design with business analytics

Skills

Credit risk models

Algorithmic solutions

Scenario analysis

Stress testing

Data analysis with SQL

Education

Master's degree in Mathematics, Finance, Quantitative Finance or related field

Bachelor's degree in Mathematics, Finance, Quantitative Finance or related field

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

Responsibilities

• Operate and maintain credit risk models for mortgage loan portfolios
• Lead the development and implementation of alternative credit risk strategies
• Build algorithmic solutions and design strategies for model assumption setting and performance monitoring
• Conduct scenario analysis and stress testing to assess portfolio risks under macroeconomic and climate risk scenarios
• Research risk management frameworks to assess environmental and regulatory risk drivers on mortgage portfolios in accordance with regulatory requirements and industry best practices and report to senior management
• Perform credit reviews for member institutions based on financial performance and credit worthiness
• Collaborate with validators, auditors and regulators to improve model accuracy and ensure regulatory compliance
• Optimize business processes through the use of data management and programing tools
• Research, diagnoses and identify solutions to issues on data anomalies and portfolio performance and create dashboards for senior management and risk committees
• Support business on MPF product design with business analytics

Position Requirements

• Master’s degree in Mathematics, Finance, Quantitative Finance or related field and 2 years of related experience, or, a Bachelor’s degree in Mathematics, Finance, Quantitative Finance or related field and 4 years of related experience
• Any amount of experience operating and maintaining credit risk models for mortgage loan portfolios
• Any amount of experience building algorithmic solutions and design strategies for model assumption setting and performance monitoring
• Any amount of experience conducting scenario analysis and stress testing to assess portfolio risks under macroeconomic and climate risk scenarios
• Any amount of experience conducting business analysis using statistics methodology and tools of aggregated data from databases via SQL
• Must live within normal commuting distance of worksite. Remote work allowed up to 50 days per year.

Salary range $110,150 to $115,000 Salary Range: $90,400.00 - $150,700.00 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: