Risk Analyst - Market Risk and Analysis Job Chicago area,Illinois USA,Finance & Banking

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

Who we are:

Our mission at FHLBank Chicago:
To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment, and support for their community investment activities.

Simply said, we’re a bank for banks and other financial institutions, focused on being a strategic partner for our members and working together to reinvest in our communities, from urban centers to rural areas.

Created by Congress in 1932, FHLBank Chicago is one of 11 Federal Home Loan Banks, government sponsored in support of mortgage lending and community investment.

What it’s like to work here:

At FHLBank Chicago, we bring people together. Our regular All-Staff meetings keep employees informed and our values drive the work that we do.

Buddy Program pairs new hires with tenured employees to guide their onboarding.

Through our Office of Diversity, Equity and Inclusion (DEI), we host signature and employee-led events to celebrate our differences and learn from each other and identify volunteer opportunities to strengthen our communities; and Employee Resource Groups (ERGs) and culture teams create connections around shared interests and experiences.

We offer live and on-demand professional development opportunities to grow your skillset and your career.

What you’ll do:

As a Quantitative Analyst in Market Risk and Earnings Analysis, 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.

How you’ll make an impact:

Improve risk monitoring by designing efficient and scalable processes that provide timely visibility into risk exposures and trends.
Deliver proactive quantitative analysis to identify emerging risks and support evolving modeling needs driven by market conditions, regulatory developments, and management priorities.
Support strategic decision-making by partnering with Capital Markets, and other stakeholders on income forecasting and planning.
Modernize risk analytics by applying advanced visualization, data, and analytical tools to improve reporting, automation, and management insights.

What you can expect:

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/version upgrades, including testing and impact analysis.

Support the reengineering and automation of risk and performance dashboards leveraging advanced visualization tools and AI across large datasets.

Prepare analysis, reporting, 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…