Provide for the accurate & timely measurement, analysis, monitoring, and reporting of financial risk for the Bank.
Make recommendations pertaining to reporting and security valuations
Run and monitor batch reporting cycle
Essential Duties and Responsibilities:
Responsible for utilizing tools to generate the banks risk reports
Validate data/reports used in making critical judgments on financial activities/transactions by bank personnel and management.
The ability to communicate effectively across departments
Troubleshoot and bring to a quick resolution issues impacting regulatory reporting
Provide ad-hoc reports pertaining to risk or evaluation when needed
Resolve issues quickly across departments when necessary
Experience and Educational Requirements:
Bachelor's degree in quantitative areas (Mathematical Finance, Computational Finance, Computer Science, Finance). Masters degree is preferred.
CFA would be considered applicable experience.
1-3 years work experience.
Exposure to financial reporting and security valuations.
Exposure to balance sheet calculations.
Must be willing to work non-traditional work schedule with early morning start time.
Exposure to vendor or in-house evaluation and risk software used for security
MS Office (Word, Excel, Outlook)
Basic VBA knowledge.
Access/SQL database query experience
Knowledge, Skills, Abilities and Behaviors Required:
Time management skills are needed in order to prioritize and juggle multiple tasks.
Requires a great amount of flexibility and dependability-Work schedule may include shifts outside the normal Bank business hours of 8:30-5:00
Incumbent must possess attention to detail and to explain complicated topics in a coherent and efficient manner
Must have good communication (verbal, written, and listening) skills.
Must be able to integrate large data sources from different platforms for analysis
Must gain comprehensive knowledge of the bank's modeling tools used for risk and valuation
Internal Number: oHLZ6fwh
About Federal Home Loan Bank of Chicago
The Federal Home Loan Bank of Chicago is a $72.0 billion wholesale bank and one of 11 district banks chartered in 1932 by the U.S. Congress to improve the availability of funds to support home ownership. The FHLB Chicago is a member-owned cooperative serving members in our district of Illinois and Wisconsin. All federally insured depository institutions, insurance companies engaged in residential housing finance, credit unions, and community development financial institutions located in our district are eligible to apply for membership. Today, the FHLB System, which is regulated by the Federal Housing Finance Agency, has more than 7,500 members.
The FHLB Chicago strives to be a valuable partner to our member financial institutions in Illinois and Wisconsin during all phases of financial and economic cycles. The mission of the Federal Home Loan Bank of Chicago is to partner with our member shareholders in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment in the Bank, and support for community investment activities.
The Federal Home Loan Bank of Chicago is committed to diversity at all levels of our organization from t...he employees we hire to the programs, institutions, and businesses we support. Our goal is to recruit, hire, and develop talented staff and to offer a work environment that allows them to do their best work.