Sr. Risk Analyst, Credit

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.   C ollaborative, 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 ​ 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 programing tools Research, diagnoses 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. 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