Senior Depository Credit Analyst

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. We are committed to a high performing, engaged workforce, and to supporting the communities we serve across Illinois and Wisconsin. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Our professional development and training opportunities through upskilling, mentorship programs, and tuition reimbursement allow employees to grow their career with us. Our collaborative, in-office operating model brings teams together to foster innovation, connection, and shared success. To support balance and flexibility, employees are provided with an allocation of remote days to use as needed throughout the year.

What you'll do:

The Senior Depository Credit Analyst will have primary responsibility for a team tasked with measuring, monitoring, and analyzing historical trends and external factors impacting the credit risk exposure of our Bank and Credit Union membership. These responsibilities include developing detailed analysis, utilizing sophisticated analytical and financial modeling and statistical techniques to predict, evaluate and manage the credit risk across our membership. The responsibilities of this role also include supporting the lending arrangements and risk rating process of a diverse book of business. The Senior Analyst role will be the point of communication with other Bank departments and is expected to coordinate with other departments on credit initiatives supporting the business.

How you'll make an impact:

• Develop 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 expect:

• Leverage deep institutional knowledge of the banking industry to evaluate the credit risk of the Bank's membership and make appropriate recommendations.

• Perform analysis on and recommend approval for new and/or continuing borrowers.

• Recommend credit and collateral terms for depository members.

• Develop and maintain credit risk models - including benchmark studies, probability of default modeling and historical analyses to identify and manage ongoing credit risk

• Develop forward-looking analytics around banking and liquidity markets

• Monitor economic trends and regulatory developments and their impact on borrowers.

• Develop and implement credit underwriting standards for borrowers.

• Independently manage the group's regular processes around credit risk monitoring, ensuring accuracy and compliance with all internal and external requirements.

• Develop coherent and succinct written support for Credit Department decisions.

• Report to senior management and the Board on credit risk assessments.

What you'll bring:

• Bachelor's degree in Finance, Accounting, Management, Economics or other business-related discipline. MBA or other Master's level degree preferred.

• 2-5 years of experience in credit, banking, fixed-income, institutional underwriting or other related disciplines.

• Strong analytic abilities, including credit underwriting experience and the ability to manipulate large data sets

• Excellent interpersonal communication skills (written, oral, and listening) are required.

• 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 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 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.

Salary Range:

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