Federal Home Loan Bank of Chicago · 1 day ago
Manager Markets Credit
Chicago, IL
Full-time
Hybrid
Senior Level
$126K/yr - $221K/yr
5+ years expFederal Home Loan Bank of Chicago is a government-sponsored bank focused on providing competitively priced funding to its members in Illinois and Wisconsin. The Manager of Markets Credit will oversee credit risk management for the Bank’s Mortgage Partnership Finance and investment portfolio, leading a team of analysts and collaborating with stakeholders to drive model enhancements and ensure regulatory compliance.
Banking
Responsibilities
Strengthen the Bank’s Credit Risk Management by leading the modeling and monitoring of risks across the MPF and Investment portfolios
Enable strategic product and investment decisions by partnering with cross-functional teams to deliver high-impact analytics that support MPF and investment initiatives
Drive operational excellence and innovation by leveraging advanced data analytics, automation, and emerging technologies
Oversee the analysis and monitoring of credit risk trends and exposures associated with mortgage loan and investment portfolios
Lead the development and ongoing maintenance of credit risk models – such as prepayment, default, and loss models – including assumption setting, model calibration and performance monitoring
Design and enhance analytical models and risk management frameworks to assess the adequacy of credit enhancement
Perform back-testing and benchmarking to evaluate model performance and make recommendations on modeling changes
Direct scenario analysis and stress testing to assess portfolio risks under different macroeconomic scenarios
Perform credit reviews of member institutions and mortgage servicers based on financial performance and credit worthiness
Work with validators, auditors, and regulators to improve model accuracy and support regulatory compliance
Drive process improvements by leveraging advanced data management, automation and programing tools
Build strong and trustworthy partnerships with internal teams (business, operation, finance, legal, model risk, etc.) and external stakeholders (regulators, vendors, etc.)
Qualification
Required
Bachelor's degree in Mathematics, Finance, Economics, Statistics, Computer Science, or related fields; Master's level degree desired
5+ years of work experience in finance, data analytics or modeling
2+ years of people managing experience
Deep understanding of mortgage industry, fixed income investment, credit risk management, and statistical models
Strong expertise in credit risk modeling, including statistical analysis, predictive models, and performance monitoring
Proficiency in data analysis and business intelligence tools to effectively assess and communicate risk insights
Familiarity with model governance, regulatory compliance, and risk management frameworks
Ability to lead and develop high-performing analytical teams, including coaching, prioritization, and performance management
Strong critical thinking skills and ability to synthesize complex analytical findings into clear and actionable recommendations
Excellent problem-solving, analytical, verbal/written communication skills
Effective leader with a collaborative approach and strong stakeholder management abilities
Preferred
CFA and FRM candidates preferred
Experience with mortgage underwriting and servicing desired
Experience with building predictive statistical models and developing algorithmic solutions desired
Proficiency in SQL Server Management Studio, Python and R
Experience with Business Intelligence tools including Tableau and Alteryx
Benefits
Retirement program (401k and Pension)
Medical, dental and vision insurance
Lifestyle Spending Account
Competitive PTO plan
11 paid holidays per year
Company
Federal Home Loan Bank of Chicago
Our Mission: To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment in the Bank, and support for their community investment activities.
201-500 employees
H1B Sponsorship
Federal Home Loan Bank of Chicago has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2024 (1)
2022 (6)
2021 (5)
2020 (8)
Funding
Current Stage
Growth StageLeadership Team
Eric Geiger
Chief Technology Officer
Mike Zeifert, CFA
SVP, Chief Credit Officer
Company data provided by crunchbase