The Members and Markets Group (MMG) Senior Risk Analyst is a quantitative risk management position primarily focused on credit risk. The successful candidate will be primarily responsible for evaluating the business case for member financial institutions' credit risk and will be the primary liaison with the Bank's credit risk department as well as stakeholders within the Group and the Bank with respect to member credit risk. Secondarily, the candidate will be responsible for other aspects of enterprise risk, including member collateral market risk.
General Responsibilities and Duties:
In depth knowledge of credit risk models, fixed income securities and loan markets, including residential and commercial real estate whole loans.
Develop and perform credit and collateral risk measuring analytics and reporting.
Develop and maintain liquidation plans for MMG.
Perform analytics and risk assessment on residential and commercial whole loan mortgage portfolios through the use of cash flow modeling, examination of loan level characteristics and risk structure analysis.
Assess how credit and liquidity risks impacting various fixed income markets affect the collateral pledged to the Bank by certain members.
Recommend credit and collateral terms for financial institution borrowers, in particular non-depository financial institutions.
Assist in research and analysis of credit risk associated with Bank assets, new products, and initiatives.
Analyze and report on trends in specific members' collateral portfolio.
Represent MMG regarding member credit to stakeholders around the bank and executive level committees.
Work with institutional sales and members on risk mitigation strategies and structures.
Monitor economic trends and regulatory developments and their impact on borrowers and counterparties in their area of responsibility.
Provide analysis to regulators, senior management, and Credit and Collateral Committee.
Perform complex ad-hoc analyses for senior management, as required.
Seven to ten years of experience evaluating credit risk of financial institutions, or loan and securities collateral.
Secured lending experience helpful, but not required
Proficiency in Microsoft Office products, relational databases, data management tools, and database query writing, SQL experience preferred.
Bachelor's degree in Finance, Economics and other business-related or quantitative discipline. MBA or other Master's level degree required. PhD degree helpful.
Knowledge, Skills, Abilities and Behaviors:
Ability to drive initiatives to completion and meet deadlines.
Strategic and critical thinker.
Must be able to adeptly negotiate with stakeholders.
Excellent written and verbal communication skills.
Persuasive, encouraging and motivating.
Ability to assess problems, determine impacts and work with appropriate resources.
Must be able to effectively prioritize issues and execute tasks in a high-pressure environment.
Ability to work on multiple projects simultaneously.
Internal Number: oGPZ6fwk
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.