Quantitative Rotational Analyst

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.

Collaborative, in-office operating model

Retirement program (401k and Pension)

Medical, dental and vision insurance

Lifestyle Spending Account

Competitive PTO plan

11 paid holidays per year

Through the Federal Home Loan Bank of Chicago's Quantitative Rotational Program, we are looking to attract, develop and retainhigh-achievingand drivenemployees to build a strong pipeline within our Risk Management and Treasury functions. The program is a 2-year rotational program consisting of four, 6-month rotations across various quantitative departments within FHLBank Chicago, such as Market Risk, Model Risk, Credit, and Treasury.

Throughout the two-year program, quantitative rotationalanalystsare expected to gain adeep understanding of howwe support ourcustomers through the products and services the cooperative offers.This program seeks to accelerate development through structured rotational assignments, on-the-job learning, and supplemental training. In addition to on-the-job experience, participants receive Executive-level mentorship along with networking and development opportunities.

Upon successful completion of the program, analysts will have the opportunity to be placed in a permanent position at FHLBank Chicago based on employee interests and business needs.

Duties andResponsibilities :

Market Risk

• Responsible for developing and / or utilizing tools to analyze, monitor and create reports / processes to measure risk for the bank.
• Lead in interest rate model and prepayment model monitoring by back-testing and benchmarking.
• Perform independent analysis or research on issues and make recommendations to management for solution.
• Automate existing process to increase efficiency.
• Identify process gap and add controls where applicable.
• Provide support for inquiries from other departments related to fair value for all on balance sheet instruments, including MBS, CMO, callable bonds and interest. rate derivatives, such as swaps, caps and floors.
• New report development to provide insight on the Bank's market risk exposure.

Model Risk

Markets Credit

Capital Markets

Requirements :

Knowledge, Skills, Abilities andBehaviors Required :

Applicants for employment must have work authorization that does not now or in the future require sponsorship of a visa for employment authorization in the United States and with FHLBC (i.e., H1-B visa, F-1 visa (OPT), TN visa or any other non-immigrant status).

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.

Salary Range :

$75,325.00 - $125,500.00

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 which can be found here :