Risk Analyst - Market Risk and Earnings Analysis

FHLBank Chicago•Chicago, IL

21h•$75,325 - $125,500•Onsite

About The Position

As a Quantitative Analyst in Market Risk and Earnings Analysis at the Federal Home Loan Bank of Chicago, you will work with stakeholders across the organization, including Capital Markets, Business Development, Finance, and Balance Sheet Management, to measure, monitor, and analyze the financial risks faced by the Bank. You will perform quantitative risk and earnings analysis, support risk limit monitoring and reporting, contribute to income simulation and strategic planning, and help develop advanced risk dashboards and analytics for senior management. The role focuses on improving risk monitoring through efficient, scalable processes; delivering quantitative analysis to identify emerging risks and address evolving modeling needs; supporting strategic decisions through income forecasting and planning; and modernizing analytics and reporting using advanced visualization, data, and analytical tools.

Requirements

1–3 years of experience in risk management, quantitative risk modeling, asset/liability management, fixed-income analytics, or capital markets.
Bachelor’s degree in a quantitative or related field, such as Mathematical Finance, Computational Finance, Computer Science, Finance, Statistics, Mathematics, Economics, or Accounting.
Strong quantitative, analytical, and problem-solving skills, with the ability to translate complex concepts into clear business insights.
Strong written and verbal communication skills, including the ability to explain technical concepts to non-technical stakeholders.
Detail-oriented, collaborative, and comfortable managing multiple priorities and deliverables.

Nice To Haves

Master’s degree preferred.
CFA or FRM designation, or progress toward either designation, is a plus.
Experience with Python and/or SQL preferred.
Experience with Tableau, Databricks, or similar data and visualization platforms preferred.
Knowledge of fixed-income products, interest-rate risk, income simulation, scenario analysis, or balance-sheet risk management is a plus.

Responsibilities

Perform quantitative analysis of the Bank’s market risk exposures, earnings sensitivity, and key risk drivers.
Monitor risk limits, exposures, sensitivities, and emerging trends, and communicate results to management.
Partner with internal stakeholders on model enhancements, methodology changes, and system or version upgrades, including testing and impact analysis.
Support reengineering and automation of risk and performance dashboards using advanced visualization tools and AI across large datasets.
Prepare analysis, reports, and presentations for internal committees, management discussions, and risk meetings.
Support the CFO organization during the annual Strategic Planning process, including additional risk and stress scenarios within the income forecasting and risk analysis framework.
Collaborate with Capital Markets and other departments on new products, investment opportunities, and hedging strategies, including analysis of potential earnings and risk impacts.
Support process reengineering, model documentation, controls, and End-User Computing (EUC) maintenance.
Perform other duties as assigned.