Director Market Risk & Earnings Analysis

Director, Market Risk and Earnings Analysis

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.

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 an allocation of remote days to use as needed throughout the year.

What you'll do

Responsible for Management of market, including liquidity and income at risk modeling and analysis team as part of Bank's second line of defense. The Director, Market Risk and Earnings Analysis will be responsible for designing and implementing a market and income at risk management framework, which comprises the Bank's approaches to market including liquidity and income at risk governance, identification, assessment, management, and mitigation. The market and income at risk management frameworks ensure that member products and asset/liability management risk-taking is well-understood, well-governed and appropriately managed. Your leadership skills will be crucial in fostering a culture of transparency, compliance, and accountability, making a significant impact on our continued success and reputation in the industry. The ideal candidate for this role must have a proven track record in of re-engineering operational processes, and possess strong leadership abilities This role has direct reports.

How you'll make an impact

• Provide strong second-line oversight of market, liquidity and income-at-risk exposures by delivering sophisticated analysis and effective challenge on balance sheet, liquidity, and earnings risks to strengthen the Bank's risk governance and financial resilience.
• Enable strategic decision-making at the executive and Board level by delivering robust modeling, forecasting, and stress testing insights that inform capital planning, product strategy, and CFO-led strategic planning processes.
• Drive operational excellence and innovation in risk analytics by leading model development and analytics teams, modernizing processes and automation, and providing independent, data-driven challenge to emerging risks, new products, and evolving market conditions.

What you'll bring

• 15+ years of experience in risk management, risk modeling or fixed income capital markets.
• 5-10 years mortgage finance or Banking operations experience
• 8+ years management experience
• Advance degree in finance, mathematics, or science
• FRM/CFA or other designation.
• Must have effective communication (verbal, written) skills.
• Knowledge of fixed income products
• Strong quantitative/analytical skills
• Analytical, initiative-taker
• Strategic thinking

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. Visit FHLBCbenefits.com for additional details about our benefits. Step into a brighter future with us.

• Strong problem solving and decision making abilities.
• Technology and project management skills

Salary Range:

$217,550.00 - $382,325.00

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.