Sr. Risk Analyst, Credit

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.

* Collaborative, 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 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

Position 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 solu...