Sr. Risk Analyst, Credit

Federal Home Loan Bank of Chicago•Chicago, IL

1d•Hybrid

About The Position

At the Federal Home Loan Bank of Chicago, employees come first - that’s why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees. C ollaborative, in-office operating model

Requirements

Master’s degree in Mathematics, Finance, Quantitative Finance or related field and 2 years of related experience, or, a Bachelor’s degree in Mathematics, Finance, Quantitative Finance or related field and 4 years of related experience
Any amount of experience operating and maintaining credit risk models for mortgage loan portfolios
Any amount of experience building algorithmic solutions and design strategies for model assumption setting and performance monitoring
Any amount of experience conducting scenario analysis and stress testing to assess portfolio risks under macroeconomic and climate risk scenarios
Any amount of experience conducting business analysis using statistics methodology and tools of aggregated data from databases via SQL
Must live within normal commuting distance of worksite.
Remote work allowed up to 50 days per year.

Responsibilities

Operate and maintain credit risk models for mortgage loan portfolios
Lead the development and implementation of alternative credit risk strategies
Build algorithmic solutions and design strategies for model assumption setting and performance monitoring
Conduct scenario analysis and stress testing to assess portfolio risks under macroeconomic and climate risk scenarios
Research risk management frameworks to assess environmental and regulatory risk drivers on mortgage portfolios in accordance with regulatory requirements and industry best practices and report to senior management
Perform credit reviews for member institutions based on financial performance and credit worthiness
Collaborate with validators, auditors and regulators to improve model accuracy and ensure regulatory compliance
Optimize business processes through the use of data management and programing tools
Research, diagnoses and identify solutions to issues on data anomalies and portfolio performance and create dashboards for senior management and risk committees
Support business on MPF product design with business analytics