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.
* 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
We are actively seeking a Lead Credit Analyst to support the Financial Institutions Credit team in Chicago through underwriting and analysis of depositories and community development financial institutions (CDFIs).
The Lead Analyst will have primary responsibility for the credit requirements related to the Bank's depository and CDFI members including managing a team of analysts focused on the sector. Responsibilities include the support of the Bank's mission critical models for depositories and all associated policies and processes.
The Lead Analyst is responsible for the following activities:
Perform analysis on and recommend approval for new and/or continuing borrowers.
Perform quarterly credit analysis and risk rating of borrowers.
Recommend credit and collateral terms for depositories and CDFIs.
Work with Relationship Managers and borrowers on risk mitigation strategies and structures.
Develop and manage internal models for assessing credit risk and assigning risk ratings.
Develop and manage credit underwriting standards for borrowers.
Monitor economic trends and regulatory developments and their impact on borrowers.
Report to regulators, senior management, and Credit Committee.
Work with IT on credit systems and with other teams in the Bank on strategic projects.
Training and developing analysts on depository and CDFI underwriting.
Required Education & Experience:
Bachelor's degree in Finance, Accounting, Management, Economics or other business-related discipline. MBA or other Master's level degree preferred.
5-10 years of experience in credit underwriting of financial institutions.
The Federal Home Loan Bank of Chicago is a $100 billion wholesale bank and one of 11 district banks chartered in 1932 by the U.S. Congress to support mortgage lending and community investment. Each FHLBank operates as an independent organization and is governed by a board of directors elected by its member institutions. As a cooperative, we provide reliable liquidity to our member banks, credit unions, insurance companies, and community development financial institutions located in Illinois and Wisconsin, focusing on the distinct needs of their individual businesses and communities.
We offer products and services to help our members fund loans and investments held in portfolio, manage liquidity, fund mortgages into the secondary market, secure third party agreements, and achieve asset liability management goals. Through our Community Investment and Affordable Housing programs, we also help our members to provide affordable housing and economic development in the communities they serve.
FHLBank Chicago is a place, where everyone can make a difference—both for our organization and for the communities we serve through our member financial institutions. We aim to create a diverse... and inclusive environment where employees are fully engaged and positioned to do their best work. Teamwork is valued, and even entry-level hires may find themselves working side-by-side with senior-level executives.