The Federal Home Loan Bank of Chicago is seeking an experienced Senior Analyst to join our Enterprise Risk Management team. The group takes on a diverse role in identifying, evaluating, measuring, and monitoring key risks to the Bank. The primary responsibility is evaluating Bank activities and services, with a focus on the Bank's mortgage purchase program which is designed to provide access to the secondary market for small and mid-sized financial institutions.
Please note that the position level may be higher or lower depending on the selected candidate's experience.
Assess how the market, credit, operational and other risks associated with new or modified mortgage program products or services fit within the Bank's strategy and risk profile.
Analyze the volumes, quality, risk, and performance of the Bank's mortgage program.
Conduct analysis of mortgage program KRIs and KPIs for purposes of enterprise risk reporting.
Streamline and automate consumption of key data from large and complex sources to support risk analysis of the Bank's mortgage program.
Build and maintain reporting dashboards to enhance Risk Management reporting, leveraging business intelligence tools such as Tableau.
Encourage teamwork, professionalism and high morale, throughout the department and the Bank and assists other risk groups as needed.
Create efficiencies within work tasks to eliminate or reduce manual processes.
Other duties as assigned.
Minimum of 3 - 5 years of experience in the secondary mortgage markets or banking industry, preferably in a Risk or Financial Analyst role.
Strong risk and data analytical skills which can translate to risk reporting.
Ability to review new products and services and understand process flows and identify inherent risks.
In-depth experience organizing, consuming and analyzing large and complex data is required.
A high level of proficiency with Microsoft Suite, especially Excel is required.
Experience using Tableau is preferred.
Bachelor's degree with an emphasis in Finance, Business, Economics, Mathematics and/or equivalent work experience is required.
KNOWLEDGE, SKILLS, ABILITIES, AND BEHAVIORS:
Knowledge and understanding of secondary mortgage market investors such as Fannie Mae and mortgage servicing practices.
Ability to work independently, accurately and to meet deadlines.
Strong interpersonal skills with the ability to communicate effectively with both internal and external clients and industry professionals.
Candidate must be motivated to learn and succeed in a demanding environment that requires solutions to complex challenges.
Candidate must work well in a team environment.
Excellent oral and written communication skills including the ability to present on complex topics to senior management.
Internal Number: okOd7fwc
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.