BankTalent HQ
Risk Analyst Market Risk
BankTalent HQ, Chicago, Illinois, United States, 60290
Join the FHLBC team!
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.* Retirement program (401k and Pension)* Medical, dental and vision insurance* Lifestyle Spending Account* Generous PTO plan* 11 paid holidays per year* Hybrid working model
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. Our 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:
In this role, you will be responsible for providing the accurate & timely measurement, analysis, monitoring, and reporting of market risk for the Bank. Making recommendations pertaining to reporting and security valuations as well as running and monitoring the daily risk reporting cycle.
How you'll make an impact:Monitor Bank's risk exposures and support bank's asset liability management.Gain exposure to different types of financial securities and provide the fair value for the bank's balance sheet.Work in a team-based environment and build strong, trustworthy partnerships with internal stakeholders.What you can expect:
Responsible for reporting the risk exposure and MVE (Market Value of Equity)/BVE (Book Value of Equity) of bank's balance sheet.Responsible for the maintenance and upgrade of the risk management systems, performing quantitative test to assess any changes/enhancements to the pricing models within vendor's application.Research new ways to automate/improve operation and reporting process.Troubleshoot and bring to a quick resolution issues impacting regulatory reportingWork effectively with other risk analysts in the group and perform ad-hoc analysis to support other teams across the bank.Work on other projects supporting bank's initiative.What you'll bring:
1-3 years' work experience.Bachelor or Advanced degree in finance, economics, mathematics, statistics, or other quantitative or computing fields and/or equivalent work experience.CFA or FRM would be considered applicable experience.Proficient in MS Excel and Word.Access/SQL Database experience.Familiar with at least one programming language, python or VBA is preferred.Exposure to vendor or in-house software used for security evaluation and risk is preferred.Passionate about risk management and interested in market risk analysis.Basic understanding in fixed income, mortgage securities or derivatives.Must gain comprehensive knowledge of the bank's modeling tools used for risk and valuationDetail-oriented and possess analytical skills necessary to research, troubleshoot, prepare, and present a variety of reports and analyses in a fast-paced, continually evolving atmosphere.Excellent verbal and written communication skills.Able to work effectively under pressure, either independently or as a member of a team.Must be willing to work with flexibility and dependability - work schedule may include shifts outside the normal business hours.
The perks:
At FHLBank Chicago, we believe in rewarding our high performing workforce. We offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees. Our retirement program includes a 401(k) and pension plan. Our wellbeing program supports employees at work and in their personal lives: Our generous PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year; our Lifestyle Spending Account provides an annual stipend for employees to support wellbeing activities; and our central downtown location at the Old Post Office provides easy access to public transportation and breathtaking views from our award-winning rooftop. Step into a brighter future with us. #LI-Hybrid
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.* Retirement program (401k and Pension)* Medical, dental and vision insurance* Lifestyle Spending Account* Generous PTO plan* 11 paid holidays per year* Hybrid working model
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. Our 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:
In this role, you will be responsible for providing the accurate & timely measurement, analysis, monitoring, and reporting of market risk for the Bank. Making recommendations pertaining to reporting and security valuations as well as running and monitoring the daily risk reporting cycle.
How you'll make an impact:Monitor Bank's risk exposures and support bank's asset liability management.Gain exposure to different types of financial securities and provide the fair value for the bank's balance sheet.Work in a team-based environment and build strong, trustworthy partnerships with internal stakeholders.What you can expect:
Responsible for reporting the risk exposure and MVE (Market Value of Equity)/BVE (Book Value of Equity) of bank's balance sheet.Responsible for the maintenance and upgrade of the risk management systems, performing quantitative test to assess any changes/enhancements to the pricing models within vendor's application.Research new ways to automate/improve operation and reporting process.Troubleshoot and bring to a quick resolution issues impacting regulatory reportingWork effectively with other risk analysts in the group and perform ad-hoc analysis to support other teams across the bank.Work on other projects supporting bank's initiative.What you'll bring:
1-3 years' work experience.Bachelor or Advanced degree in finance, economics, mathematics, statistics, or other quantitative or computing fields and/or equivalent work experience.CFA or FRM would be considered applicable experience.Proficient in MS Excel and Word.Access/SQL Database experience.Familiar with at least one programming language, python or VBA is preferred.Exposure to vendor or in-house software used for security evaluation and risk is preferred.Passionate about risk management and interested in market risk analysis.Basic understanding in fixed income, mortgage securities or derivatives.Must gain comprehensive knowledge of the bank's modeling tools used for risk and valuationDetail-oriented and possess analytical skills necessary to research, troubleshoot, prepare, and present a variety of reports and analyses in a fast-paced, continually evolving atmosphere.Excellent verbal and written communication skills.Able to work effectively under pressure, either independently or as a member of a team.Must be willing to work with flexibility and dependability - work schedule may include shifts outside the normal business hours.
The perks:
At FHLBank Chicago, we believe in rewarding our high performing workforce. We offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees. Our retirement program includes a 401(k) and pension plan. Our wellbeing program supports employees at work and in their personal lives: Our generous PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year; our Lifestyle Spending Account provides an annual stipend for employees to support wellbeing activities; and our central downtown location at the Old Post Office provides easy access to public transportation and breathtaking views from our award-winning rooftop. Step into a brighter future with us. #LI-Hybrid