Capital Markets Quantitative Analyst

Federal Home Loan Bank of Chicago • Chicago, IL

2d • Onsite

About The Position

The Capital Markets Quantitative Analyst supports quantitative models, analytical tools, and daily processes used by the Bank’s Capital Markets trading desks. The role analyzes the Bank’s assets, liabilities, capital, liquidity, and hedging activities and contributes to investment, funding, and risk-management decisions. It combines quantitative analysis, programming, fixed-income knowledge, and business partnership in support of the Bank’s balance sheet and mission.

The analyst works with internal teams including Risk, Finance, Accounting, Sales, Balance Sheet Management, and Information Technology, and communicates with external market participants and counterparties. The position offers exposure to the Bank’s trading and investment strategies, balance-sheet and financial strategy, market data, and interactions with dealers, banks, and other counterparties.

Requirements

• Bachelor’s degree and two to five years of related experience in a quantitative field such as Risk, Mathematics, Mathematical or Quantitative Finance, Statistics, Economics, Actuarial Studies, or a related discipline; alternatively, a master’s degree, including an MBA, in one of these areas.
• Strong quantitative, analytical, and problem-solving skills, including knowledge of statistical techniques and data-mining concepts.
• Experience developing or maintaining analytical tools using Python, SQL, SAS, R, VBA, or comparable programming languages.
• Experience with data visualization tools and techniques, including Tableau or a similar platform.
• Proficiency with the Microsoft Office suite.
• Ability to analyze complex data, establish facts, identify relevant trends, and draw well-supported conclusions.
• Strong written, verbal, and listening skills, with the ability to communicate technical information clearly and professionally.
• Strong attention to detail, including adherence to documentation requirements, controls, policies, procedures, and data-security expectations.
• A proactive and self-motivated approach, with the ability to collaborate across teams and take ownership of deliverables.
• Ability to build and maintain effective relationships throughout the organization.
• Flexibility and willingness to learn additional Capital Markets functions and provide coverage when needed.
• Ability to solicit, accept, and apply ongoing feedback.

Nice To Haves

• Relevant work or internship experience in banking, financial services, investments, or capital markets.
• Knowledge of and interest in fixed-income markets, including mortgage-backed securities and collateralized mortgage obligations.

Responsibilities

• Design, develop, maintain, and run quantitative tools supporting daily Capital Markets processes.
• Maintain and improve models used by the Bank’s trading desks.
• Assist in developing strategies related to liquidity, funding, hedging, asset acquisition, and balance-sheet management.
• Monitor risk metrics and prepare reporting to support compliance with management and regulatory guidelines.
• Participate in the daily pricing process for the Mortgage Partnership Finance cash window.
• Perform pre-trade analysis and research on mortgage-backed securities, collateralized mortgage obligations, and other fixed-income investments.
• Prepare model documentation, analytical reports, presentations, and completed trade files.
• Analyze and interpret financial and market data to support investment and risk-management decisions.
• Collaborate with internal partners, including Risk, Accounting, Finance, Sales, Balance Sheet Management, and Information Technology.
• Communicate with external partners, including brokers, dealers, vendors, and other counterparties.
• Learn related Capital Markets functions and provide coverage across the team as needed.
• Perform other duties as assigned.

Benefits

• Highly competitive compensation and bonus package.
• 401(k) and pension retirement program.
• Medical, dental, and vision insurance.
• Lifestyle Spending Account with an annual stipend for wellbeing activities.
• Competitive PTO plan; the detailed benefits section states five weeks of vacation for new employees.
• 11 paid holidays per year.
• Wellbeing program supporting employees at work and in their personal lives.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level