Risk Analyst Market Risk Specialist

3 weeks ago


Chicago, Illinois, United States Federal Home Loan Bank of Chicago Full time
Market Risk Analyst Job Description

At the Federal Home Loan Bank of Chicago, we are seeking a skilled Market Risk Analyst to join our team. As a Market Risk Analyst, you will be responsible for providing accurate and timely measurement, analysis, monitoring, and reporting of market risk for the Bank. This includes making recommendations pertaining to reporting and security valuations, as well as running and monitoring the daily risk reporting cycle.

Key Responsibilities:
  • Monitor Bank's risk exposures and support bank's asset liability management.
  • Gain exposure to different types of financial securities and provide the fair value for the bank's balance sheet.
  • Work in a team-based environment and build strong, trustworthy partnerships with internal stakeholders.

Requirements:
  • 1-3 years' work experience.
  • Bachelor or Advanced degree in finance, economics, mathematics, statistics, or other quantitative or computing fields and/or equivalent work experience.
  • CFA or FRM would be considered applicable experience.
  • Proficient in MS Excel and Word.
  • Access/SQL Database experience.
  • Familiar with at least one programming language, python or VBA is preferred.
  • Exposure to vendor or in-house software used for security evaluation and risk is preferred.
  • Passionate about risk management and interested in market risk analysis.
  • Basic understanding in fixed income, mortgage securities or derivatives.
  • Must gain comprehensive knowledge of the bank's modeling tools used for risk and valuation.
  • Detail-oriented and possess analytical skills necessary to research, troubleshoot, prepare, and present a variety of reports and analyses in a fast-paced, continually evolving atmosphere.
  • Excellent verbal and written communication skills.
  • Able to work effectively under pressure, either independently or as a member of a team.
  • Must be willing to work with flexibility and dependability - work schedule may include shifts outside the normal business hours.

What We Offer:
  • A highly competitive compensation and bonus package.
  • Access to a comprehensive benefits program designed to meet the needs of our employees.
  • A generous PTO plan, including five weeks of vacation for new employees and 11 paid holidays per year.
  • A Lifestyle Spending Account providing an annual stipend for employees to support wellbeing activities.
  • A central downtown location at the Old Post Office, offering easy access to public transportation and breathtaking views from our award-winning rooftop.


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