Director Market Risk & Earnings Analysis

About Us At the Federal Home Loan Bank of Chicago, employees come first – that’s why we offer a highly competitive compensation and bonus package, and a comprehensive benefits program designed to support both work and personal lives. FHLBank Chicago partners with members in Illinois and Wisconsin to provide competitively priced funding, a reasonable return on investment, and support for community investment activities. We are a bank for banks and other financial institutions, focused on strategic partnership and reinvestment in our communities both urban and rural. Responsibilities Manage market risk, including liquidity and income‑at‑risk oversight. Design and implement a market and income‑at‑risk management framework, ensuring sound governance, identification, assessment, and mitigation. Provide second‑line oversight, sophisticated analysis, and challenge on balance‑sheet, liquidity, and earnings risks to strengthen risk governance and financial resilience. Lead teams of model developers and analytics staff in model maintenance, calibration, performance monitoring, and controls for valuation, forecasting, and risk modelling. Sign off on new product implementations from a valuation, forecasting, and risk modelling perspective; oversee user acceptance testing. Prepare and present independent risk and attribution analyses to senior management and the board, and collaborate on scenarios, stress testing, and strategic planning. Develop and monitor key risk indicators and provide early warnings of potential issues. Act as the primary contact for regulators regarding market and income‑at‑risk matters. Deliver market‑risk training for the board and foster a culture of continuous learning. Lead process workflow automation and application modernization initiatives. Qualifications 15+ years of experience in risk management, risk modelling, or fixed‑income capital markets. 5–10 years of mortgage finance or banking operations experience. 8+ years of management experience. Advanced degree in finance, mathematics, or science; FRM, CFA, or other designation preferred. Strong communication (verbal and written), analytical, strategic thinking, and initiative‑taking skills. Knowledge of fixed‑income products. Benefits Competitive compensation and bonus package. Retirement program (401(k) and pension plan). Medical, dental, and vision insurance. Lifestyle Spending Account. Competitive PTO: five weeks of vacation for new employees and 11 paid holidays per year. Remote flexibility with an allocation of remote days. Professional development support: mentorship programs, tuition reimbursement, and upskilling opportunities. Compensation Salary range: $217,550.00 – $382,325.00 (based on experience and other job‑related factors). #J-18808-Ljbffr