Manager, Markets Credit

FHLBank Chicago•Chicago, IL

5d•$125,825 - $221,275•Hybrid

About The Position

The Manager of Markets Credit will be responsible for overseeing credit risk management of the Bank’s Mortgage Partnership Finance (MPF) and investment portfolio. This role leads a team of credit risk analysts in developing and maintaining mortgage credit models, performing scenario analysis and stress testing, and monitoring credit risk trends across the bank’s portfolio and the broader market. This position also collaborates closely with internal stakeholders, regulators and vendors to support product initiatives, ensure regulatory compliance, drive model enhancements and enable process innovation. The ideal candidate is a strategic thinker with strong analytical and modeling ability, and proven leadership experience.

Requirements

Bachelor’s degree in Mathematics, Finance, Economics, Statistics, Computer Science, or related fields; Master’s level degree desired.
CFA and FRM candidates preferred.
7+ years of work experience in finance, data analytics or modeling.
4+ years of people managing experience.
Experience with mortgage underwriting and servicing desired.
Experience with building predictive statistical models and developing algorithmic solutions desired.
Proficiency in SQL Server Management Studio, Python and R.
Experience with Business Intelligence tools including Tableau and Alteryx.
Experience with mortgage industry and fixed income investment products desired.
Strong expertise in credit risk modeling, including statistical analysis, predictive models, and performance monitoring.
Proficiency in data analysis and business intelligence tools to effectively assess and communicate risk insights.
Familiarity with model governance, regulatory compliance, and risk management frameworks.
Ability to lead and develop high-performing analytical teams, including coaching, prioritization, and performance management.
Strong critical thinking skills and ability to synthesize complex analytical findings into clear and actionable recommendations.
Excellent problem-solving, analytical, verbal/written communication skills.
Effective leader with a collaborative approach and strong stakeholder management abilities.

Responsibilities

Oversee the analysis and monitoring of credit risk trends and exposures associated with mortgage loan and investment portfolios.
Lead the development and ongoing maintenance of credit risk models – such as prepayment, default, and loss models – including assumption setting, model calibration and performance monitoring.
Design and enhance analytical models and risk management frameworks to assess the adequacy of credit enhancement.
Perform back-testing and benchmarking to evaluate model performance and make recommendations on modeling changes.
Direct scenario analysis and stress testing to assess portfolio risks under different macroeconomic scenarios.
Work with validators, auditors, and regulators to improve model accuracy and support regulatory compliance.
Drive process improvements by leveraging advanced data management, automation and programing tools.
Build strong and trustworthy partnerships with internal teams (business, operation, finance, legal, model risk, etc.) and external stakeholders (regulators, vendors, etc.).