Sr. Risk Analyst
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 Retirement program (401k and Pension) Medical, dental and vision insurance Lifestyle Spending Account Competitive PTO plan 11 paid holidays per year Senior Risk Analyst Chicago Responsibilities Review, maintain and upgrade the risk management systems and perform quantitative analysis to assess changes and enhancements to the pricing models within vendor applications Provide timely and accurate reporting of risk metrics as promulgated by the FHFA Provide detailed and in-depth analysis of bank balance sheet fair value and risk Research new ways to automate and improve operation and reporting processes Develop prepayment back testing reporting and provide in-depth prepayment analysis Lead projects related to process redesign, new hedge strategy development, new product development and system upgrade of Summit and Polypaths Provide guidance to junior risk analysts on regulatory reporting, troubleshooting production issues, data analytics, and quantitative modeling Identify uncaptured risks and enrich or build new risk reports with additional analysis Handle inquiries from internal departments across the bank and external regulators and auditors
Requirements
- Master’s degree in Finance, Mathematics, Financial Mathematics or related field
- 2 years of related experience
- Any amount of experience providing measurement, analysis, monitoring, and reporting of market risk for fixed income products and interest rate derivatives
- Any amount of experience reporting risk exposure and Market Value of Equity/Book Value of Equity of bank’s balance sheet
- Any amount of experience maintaining and upgrading risk management systems by performing quantitative tests to assess any changes or enhancements to pricing models
- Any amount of experience researching new ways to automate or improve operation and reporting process
- Must live within normal commuting distance of worksite.
- 50 days a year remote work allowed.
Responsibilities
- Review, maintain and upgrade the risk management systems and perform quantitative analysis to assess changes and enhancements to the pricing models within vendor applications
- Provide timely and accurate reporting of risk metrics as promulgated by the FHFA
- Provide detailed and in-depth analysis of bank balance sheet fair value and risk
- Research new ways to automate and improve operation and reporting processes
- Develop prepayment back testing reporting and provide in-depth prepayment analysis
- Lead projects related to process redesign, new hedge strategy development, new product development and system upgrade of Summit and Polypaths
- Provide guidance to junior risk analysts on regulatory reporting, troubleshooting production issues, data analytics, and quantitative modeling
- Identify uncaptured risks and enrich or build new risk reports with additional analysis
- Handle inquiries from internal departments across the bank and external regulators and auditors
Benefits
- Retirement program (401k and Pension)
- Medical, dental and vision insurance
- Lifestyle Spending Account
- Competitive PTO plan
- 11 paid holidays per year
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
251-500 employees
