Sr. Risk Analyst, Credit

Compensation and Benefits

• Highly competitive compensation and bonus package
• Comprehensive benefits program including:
• 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 programming tools
• Research, diagnose 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 solutions and design strategies for model assumption setting and performance monitoring
• Any amount of experience conducting scenario analysis and stress testing to assess portfolio risks under macroeconomic and climate risk scenarios
• Any amount of experience conducting business analysis using statistics methodology and tools of aggregated data from databases via SQL
• Must live within normal commuting distance of worksite. Remote work allowed up to 50 days per year.

Pay

• Salary range: $110,150 to $115,000
• Salary Range: $90,400.00 - $150,700.00
• The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors.
• In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc