Federal Home Loan Bank of Chicago
Manager, Credit Analysis
Federal Home Loan Bank of Chicago, 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 insuranceLifestyle Spending AccountGenerous PTO plan11 paid holidays per yearHybrid working modelWho We AreFHLBank Chicago partners with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment in the Bank, and support for their community investment activities. We are one of 11 Federal Home Loan Banks created by Congress in 1932 as a government sponsored enterprise to support mortgage lending and community investment. We are member owned and member focused. Our members include banks, credit unions, insurance companies and community development financial institutions (CDFIs).What It’s Like To Work HereAt 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. Our Employee Value Proposition is honed by listening and identifying the needs and priorities of our valued employees. Through CommuniTeam, we volunteer and identify ways to strengthen our communities. Our Office of Diversity, Equity and Inclusion (DEI) hosts signature and employee-led events for continued learning; and Employee Resource Groups (ERGs) and culture clubs 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 DoThe Manager, Credit Analysis will have primary responsibility for management and oversight of the depository and CDFI credit team. The team consists of three additional analysts and is responsible for the credit requirements related to the Bank’s depository and CDFI members. Responsibilities include the support of the Bank’s mission critical models for depositories and all associated policies and processes.How You’ll Make An ImpactDevelop and recommend lending decisions impacting the largest and most impactful financial institutions in the United States.Provide thought leadership with Bank policy setting for risk-based lending.Apply an understanding of economic pressures and tailwinds affecting our members and organizational lending decisions.Interface with members, regulatory agencies and key stakeholders to influence decision-making and advance key Credit group initiatives and priorities.What You Can ExpectLead and develop a team of credit analysts which includes priority setting, skill development and performance management.Perform analysis on and recommend approval for new and/or continuing borrowers.Recommend credit and collateral terms for depositories and CDFIs.Foster collaborative relationship with our Sales team to support our financial institution members and counterparties through active risk mitigation strategies and structures.Develop and implement credit underwriting standards for borrowers.Monitor economic trends and regulatory developments and their impact on borrowers.Report to regulators, senior management, and Credit Committee.Work with IT on credit systems and with other teams in the Bank on strategic projects.Provide active management and thought leadership to your immediate team to aide in their development in credit underwriting, analytic skills and leadership development.Surveillance of existing depository and CDFI members for material changes in credit quality.Analyze the creditworthiness of financial institutions that pose an elevated credit risk to the Bank and make appropriate recommendations.Maintain and develop credit models to support the risk analytics regime supporting the Credit processes.What You’ll BringBachelor’s degree in Finance, Accounting, Management, Economics or other business-related discipline. MBA or other Master’s level degree preferred.5-10 years of experience in credit, banking, fixed-income, institutional underwriting or other related disciplines.Strong leadership skills with a proven track record of success building out high performing teams.Excellent interpersonal communication skills (written, oral, and listening) are required.Strong analytic and critical thinking abilities.Comfortability working within a team-based environment.Must be self-directed with high energy level.MS Office products.Tableau, VBA, R, S&P CapIQ, and Bloomberg experience is a preferred.The PerksAt FHLBank Chicago, employees come first. 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 401K and Pension. Our generous PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year. Join us at our beautiful new space in the Old Post Office. Step into your future with us.
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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 insuranceLifestyle Spending AccountGenerous PTO plan11 paid holidays per yearHybrid working modelWho We AreFHLBank Chicago partners with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment in the Bank, and support for their community investment activities. We are one of 11 Federal Home Loan Banks created by Congress in 1932 as a government sponsored enterprise to support mortgage lending and community investment. We are member owned and member focused. Our members include banks, credit unions, insurance companies and community development financial institutions (CDFIs).What It’s Like To Work HereAt 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. Our Employee Value Proposition is honed by listening and identifying the needs and priorities of our valued employees. Through CommuniTeam, we volunteer and identify ways to strengthen our communities. Our Office of Diversity, Equity and Inclusion (DEI) hosts signature and employee-led events for continued learning; and Employee Resource Groups (ERGs) and culture clubs 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 DoThe Manager, Credit Analysis will have primary responsibility for management and oversight of the depository and CDFI credit team. The team consists of three additional analysts and is responsible for the credit requirements related to the Bank’s depository and CDFI members. Responsibilities include the support of the Bank’s mission critical models for depositories and all associated policies and processes.How You’ll Make An ImpactDevelop and recommend lending decisions impacting the largest and most impactful financial institutions in the United States.Provide thought leadership with Bank policy setting for risk-based lending.Apply an understanding of economic pressures and tailwinds affecting our members and organizational lending decisions.Interface with members, regulatory agencies and key stakeholders to influence decision-making and advance key Credit group initiatives and priorities.What You Can ExpectLead and develop a team of credit analysts which includes priority setting, skill development and performance management.Perform analysis on and recommend approval for new and/or continuing borrowers.Recommend credit and collateral terms for depositories and CDFIs.Foster collaborative relationship with our Sales team to support our financial institution members and counterparties through active risk mitigation strategies and structures.Develop and implement credit underwriting standards for borrowers.Monitor economic trends and regulatory developments and their impact on borrowers.Report to regulators, senior management, and Credit Committee.Work with IT on credit systems and with other teams in the Bank on strategic projects.Provide active management and thought leadership to your immediate team to aide in their development in credit underwriting, analytic skills and leadership development.Surveillance of existing depository and CDFI members for material changes in credit quality.Analyze the creditworthiness of financial institutions that pose an elevated credit risk to the Bank and make appropriate recommendations.Maintain and develop credit models to support the risk analytics regime supporting the Credit processes.What You’ll BringBachelor’s degree in Finance, Accounting, Management, Economics or other business-related discipline. MBA or other Master’s level degree preferred.5-10 years of experience in credit, banking, fixed-income, institutional underwriting or other related disciplines.Strong leadership skills with a proven track record of success building out high performing teams.Excellent interpersonal communication skills (written, oral, and listening) are required.Strong analytic and critical thinking abilities.Comfortability working within a team-based environment.Must be self-directed with high energy level.MS Office products.Tableau, VBA, R, S&P CapIQ, and Bloomberg experience is a preferred.The PerksAt FHLBank Chicago, employees come first. 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 401K and Pension. Our generous PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year. Join us at our beautiful new space in the Old Post Office. Step into your future with us.
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