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Federal Home Loan Bank of Chicago Sr. Financial Analyst - R2100031 in Chicago, Illinois

This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/ada/r/jobs/8103473 Join the FHLBC team!

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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.

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* Medical, dental and vision insurance

* Retirement program (401k and Pension)

* Generous PTO plan

* 10 paid holidays per year

* Work from home options

* Casual dress code n

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The Income Simulation/Strategic Planning team is situated in Member Support and Strategy. The team is responsible for overseeing, monitoring and reporting on the Bank's income forecast, sensitivity analysis, capital compliance, retained earnings growth, dividend ability and balance sheet compliance and capacity.

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The team utilizes third party quantitative models to estimate the potential impact on the Bank's financial statements resulting from various future economic outcomes.

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The team is looking for a senior analyst to support the team with respect to income and balance sheet forecasting, sensitivity analysis and stress testing, and strategic planning.

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This position will require an in-depth understanding of financial institution balance sheets, as well as knowledge about complex fixed income instruments.

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The candidate for this function should demonstrate critical thinking, analytical skills, desire to learn and develop new concepts, ability to improve analytical and operational processes.

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n nEssential duties and responsibilities n

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+ Perform interest rate, prepayment, and risk analysis for fixed income securities.

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+ Conduct model performance monitoring and back-testing analysis.

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+ Manage and update model assumptions, as needed, and conduct scenario and sensitivity analysis on key assumptions

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+ Quantify NII/EVE forecast uncertainty implied by model assumptions.

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+ Test changes and enhancements to PolyPaths ALM, AppPort, and Enterprise and provide an analysis of the results.

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+ Present results and model performance to stakeholders and model risk oversight on a routine basis.

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+ Assist with balance sheet and fixed income product modeling for risk monitoring and stress testing.

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+ Assist in the risk metrics and prepayment assumptions for residential mortgages.

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+ Provide insight into model functionality, capabilities, and limitations.

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+ Support process improvement initiatives, including the automation of analytic and reporting processes.


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n nEducation Requirements n

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+ Bachelor degree in a Finance, Master's degree preferred. Degree in quantitative field or CFA designation preferred.


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n nExperience Requirements n

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+ 3 to 5 years of experience in banking or other financial institution with an emphasis on: ALM or fixed income analytics; experience with ALM software such as PolyPaths or similar product is desired.

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+ Experience using VBA, SQL and other programming languages for analysis and process automation.

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+ Experience with Tableau or other Business Intelligence/Data Visualization software preferred.


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n nKey Skills/Knowledge/Abilities/Behaviors Required n

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+ Strong quantitative and analytical skills and is detail oriented.

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+ The ability to self-manage and work on multiple deliverables concurrently.

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+ Strong written and verbal communication skills, including the ability to convey complex financial and technical concepts.

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