The Federal Home Loan Bank of Chicago is seeking an experienced Senior Risk Analyst to join its Markets Credit group. The group is responsible for identifying, evaluating, measuring and monitoring key credit risks related to the Bank's investment portfolio, its MPF business line, and its members' pledged collateral. The primary responsibility of the new analyst is to assess and monitor the credit risk of the Bank's pledged collateral portfolio. The Bank's pledged collateral portfolio consists of fixed income securities and whole loans with varying credit risk profiles. The type of assets range from high quality government guaranteed assets to more credit sensitive residential and commercial backed loans. A successful candidate will have in-depth knowledge of security and loan markets, regulatory compliance, transaction structures, and mortgage underwriting, preferably with an emphasis on commercial real estate loans. General Responsibilities and Duties: Leverage knowledge of security and loan markets, regulatory compliance, transaction structures, and mortgage underwriting to evaluate the credit risk of the Bank's pledged collateral portfolio. Perform analytics and risk assessment on a large residential & commercial whole loan mortgage portfolio through the use of cash flow modeling, examination of loan level characteristics and risk structure analysis. Assess how credit risks impacting various fixed income markets affect the collateral pledged to the Bank Analyze and report on trends in the Bank's collateral portfolio Provide support or expertise in other areas of the Credit group. Actively identify process improvement opportunities. Requirements: Minimum of 5 years of experience in the fixed income securities or secondary mortgage markets in a Financial or Risk based role. Ability to evaluate and document new security or whole loan assets by identify inherent risks. Experience analyzing mortgage pools for various credit risk factors and ability to streamline and automate consumption of key data from large and complex sources to support risk analysis of the Bank's mortgage program, is preferred. Knowledge of
The Federal Home Loan Bank of Chicago is a $72.0 billion wholesale bank and one of 11 district banks chartered in 1932 by the U.S. Congress to improve the availability of funds to support home ownership. The FHLB Chicago is a member-owned cooperative serving members in our district of Illinois and Wisconsin. All federally insured depository institutions, insurance companies engaged in residential ...housing finance, credit unions, and community development financial institutions located in our district are eligible to apply for membership. Today, the FHLB System, which is regulated by the Federal Housing Finance Agency, has more than 7,500 members.
The FHLB Chicago strives to be a valuable partner to our member financial institutions in Illinois and Wisconsin during all phases of financial and economic cycles. The mission of the Federal Home Loan Bank of Chicago is to partner with our member shareholders in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment in the Bank, and support for community investment activities.
The Federal Home Loan Bank of Chicago is committed to diversity at all levels of our organization from the employees we hire to the programs, institutions, and businesses we support. Our goal is to recruit, hire, and develop talented staff and to offer a work environment that allows them to do their best work.