Sr. Risk Analyst

  • Highly competitve + bonus
  • Chicago, IL, USA
  • Permanent, Full time
  • Federal Home Loan Bank of Chicago
  • 06 Sep 17

The Enterprise Risk Management (ERM) Department is responsible for independent oversight of the Bank's business and strategic risks as well as the Bank’s mortgage funding program (MPF Program). The Senior Risk Analyst will assist in establishing and communicating the organization’s ERM Framework, along with facilitating and acting as a key liaison with business units to establish and communicate risk management methodology, processes, risk appetite and risk culture. The incumbent will also work with the other Risk groups and business units to conduct qualitative and quantitative assessment and analysis of the Bank’s key risk exposures.

•Build and maintain models, tools, and analytics to size various types of enterprise-wide exposures
•Analyze trends in Bank’s portfolio, customers and activities, report to management and escalate developments that might indicate changes in risk profile.
•Conduct risk assessments of new products and processes. This includes the identification, quantification, and escalation of risks to ensure that all risk categories are managed in accordance with the Bank’s risk appetite.
•Maintain awareness of developments in mortgage origination and the secondary mortgage markets that could impact the Bank’s risk profile.
•Research a wide variety of topics and issues including regulatory matters, emerging risks and trends and risk management best practices.
•Collaborate with multiple internal departments, including first line risk management, and other risk groups on product development opportunities.
•Support all ERM risk reporting for committee meetings, risk management committee and board of directors.
•Assist in the definition and development of ERM departmental policies and procedures.
•Other duties as assigned.

•Bachelor’s degree with an emphasis in Finance, Business, Economics, Mathematics and/or equivalent work experience is required.  MBA, graduate degree, or risk-related designation is preferred.
•At least 3 years of capital markets, risk management or other relevant experience.
•Strong risk and data analytical skills which can translate to risk reporting.
•Ability to review new products and services and understand process flows and identify inherent risks.
•In-depth experience organizing, consuming and analyzing large and complex data is requried.
•A high level of proficiency with Microsoft Suite, especially Excel is required.
•Experience using Tableau is preferred.

•Ability to work independently, accurately and to meet deadlines.
•Strong interpersonal skills with the ability to communicate effectively with both internal and external clients and industry professionals.
•Candidate must be motivated to learn and succeed in a demanding environment that requires solutions to complex challenges.
•Demonstrated ability to work collaboratively with cross functional groups.
•Excellent oral and written communication skills including the ability to present on complex topics to senior management.