The Mom Project
Risk Analyst, Markets Credit (Chicago, IL)
The Mom Project, Chicago, Illinois, United States, 60290
Risk Analyst, Markets Credit (Chicago, IL)
Join to apply for the
Risk Analyst, Markets Credit (Chicago, IL)
role at
The Mom Project Risk Analyst, Markets Credit (Chicago, IL)
Join to apply for the
Risk Analyst, Markets Credit (Chicago, IL)
role at
The Mom Project The Mom Project is excited to partner with the Federal Home Loan Bank of Chicago in their search for a Risk Analyst, Markets Credit.
Who We Are
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 careers 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 with an allocation of remote days to use as needed throughout the year.
What You’ll Do
We are seeking a highly skilled and motivated Risk Analyst to join the Markets Credit Team. The Risk Analyst will be responsible for monitoring and analyzing the credit risk of the Bank’s Mortgage Partnership Finance (MPF) and investment portfolio. The primary responsibilities of the role include operating mortgage credit risk models, monitoring model performance, conducting scenario analysis and stress testing, and providing support for model validation and examination.
The responsibilities also include performing credit reviews and assessing credit risk trends of the bank’s portfolio and the broader market. A successful candidate will have in-depth knowledge of economics, statistics, fixed-income products, mortgage markets, and credit risk management.
How You’ll Make An Impact
Drives informed decision-making by transforming complex and ambiguous data into actionable insights that support the Bank’s mortgage and investment strategies. Strengthens portfolio resilience through proactive identification of emerging credit risks and scenario-based evaluations of market conditions. Accelerates strategic outcomes by partnering with cross-functional teams to deliver high-impact analytics that support MPF and investment initiatives.
What You Can Expect
Monitor and report credit risk trends and exposures associated with mortgage loans and investment portfolios. Operate and maintain credit risk models that predict prepayment, default, and losses of the mortgage loan portfolio. Support MPF program-related processes and committee reporting. Perform backtesting and benchmarking to evaluate model performance and make recommendations on model calibration. Conduct scenario analysis and stress testing to assess portfolio risks under different macroeconomic scenarios. Perform credit reviews for member institutions and mortgage servicers based on financial performance and creditworthiness. Research, diagnose, and identify solutions to issues on data anomalies and model runs Work with validators, auditors, and regulators to support model accuracy and regulatory compliance. Optimize business processes through the use of data management and programming tools. Conduct ad-hoc analysis as needed
What You’ll Bring
0 - 3 years of work experience in finance, data analytics, or modeling, credit modeling preferred Bachelor’s degree in Mathematics, Finance, Economics, Statistics, Computer Science, or a related field. Master’s level degree desired. SQL Server Management Studio Python/R Tableau/Alteryx Solid skills in data analysis and visualization techniques to effectively analyze and communicate risk assessments High degree of attention to detail, self-motivation, and professionalism Strong problem-solving and analytical skills Strong verbal and written communication skills Ability to collaborate with peers and stakeholders in a team environment Detail-oriented, able to manage multiple timelines Knowledge and experience in predictive modeling Ability to collect, process, and analyze large dataset s Experience with financial institutions preferred Experience with mortgage underwriting and servicing preferred CFA and FRM candidates preferred Basic understanding of fixed income, the mortgage market, and credit risk management
Hours and Location
Mon-Fri, 40 hours/week On-site in Chicago, IL
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. Step into a brighter future with us.
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
We offer a competitive salary range for this position. Most candidates who join our team are hired at the median of this range, ensuring fair and equitable compensation based on experience and qualifications.
An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability. Seniority level
Seniority level Entry level Employment type
Employment type Full-time Job function
Job function Finance and Sales Industries Technology, Information and Internet Referrals increase your chances of interviewing at The Mom Project by 2x Sign in to set job alerts for “Risk Analyst” roles.
Chicago, IL $50,000.00-$95,000.00 2 weeks ago Chicago, IL $100,000.00-$110,000.00 3 weeks ago Investment Banking Full-Time Analyst 2026 - Leveraged Finance Group
Chicago, IL $85,000.00-$110,000.00 2 weeks ago Investment Banking - Mid-Cap Investment Banking - Analyst
Chicago, IL $100,000.00-$115,000.00 1 day ago Chicago, IL $80,000.00-$95,000.00 4 hours ago Banking - Investment Banking, Full Time Analyst, Chicago - USA, 2026
Chicago, IL $80,000.00-$115,000.00 23 hours ago Chicago, IL $68,000.00-$98,220.00 6 days ago Chicago, IL $78,750.00-$110,250.00 2 weeks ago Chicago, IL $75,000.00-$80,000.00 13 hours ago Chicago, IL $63,000.00-$93,000.00 5 days ago Chicago, IL $75,000.00-$110,000.00 2 weeks ago Chicago, IL $75,700.00-$94,620.00 3 days ago Investment Banking Analyst - Leveraged Finance Group (LFG)
Greater Chicago Area $75,000.00-$90,000.00 2 weeks ago Chicago, IL $60,000.00-$65,000.00 6 days ago Chicago, IL $80,000.00-$110,000.00 1 week ago Chicago, IL $51,700.00-$101,500.00 3 weeks ago Chicago, IL $60,000.00-$70,000.00 1 month ago Chicago, IL $68,625.00-$96,075.00 3 days ago Chicago, IL $100,000.00-$110,000.00 3 weeks ago Asset & Wealth Management, Fixed Income - Research Analyst, High Yield and Bank Loans / Global High Yield Credit Analyst, Vice President
Chicago, IL $100,000.00-$230,000.00 1 week ago Chicago, IL $113,000.00-$162,000.00 1 week ago Chicago, IL $100,000.00-$125,000.00 2 days ago Investment Banking Full-Time Analyst 2026 - Life Sciences
Chicago, IL $100,000.00-$110,000.00 2 weeks ago Chicago, IL $62,902.00-$95,107.00 6 days ago Chicago, IL $49,199.33-$86,253.75 3 days ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr
Join to apply for the
Risk Analyst, Markets Credit (Chicago, IL)
role at
The Mom Project Risk Analyst, Markets Credit (Chicago, IL)
Join to apply for the
Risk Analyst, Markets Credit (Chicago, IL)
role at
The Mom Project The Mom Project is excited to partner with the Federal Home Loan Bank of Chicago in their search for a Risk Analyst, Markets Credit.
Who We Are
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 careers 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 with an allocation of remote days to use as needed throughout the year.
What You’ll Do
We are seeking a highly skilled and motivated Risk Analyst to join the Markets Credit Team. The Risk Analyst will be responsible for monitoring and analyzing the credit risk of the Bank’s Mortgage Partnership Finance (MPF) and investment portfolio. The primary responsibilities of the role include operating mortgage credit risk models, monitoring model performance, conducting scenario analysis and stress testing, and providing support for model validation and examination.
The responsibilities also include performing credit reviews and assessing credit risk trends of the bank’s portfolio and the broader market. A successful candidate will have in-depth knowledge of economics, statistics, fixed-income products, mortgage markets, and credit risk management.
How You’ll Make An Impact
Drives informed decision-making by transforming complex and ambiguous data into actionable insights that support the Bank’s mortgage and investment strategies. Strengthens portfolio resilience through proactive identification of emerging credit risks and scenario-based evaluations of market conditions. Accelerates strategic outcomes by partnering with cross-functional teams to deliver high-impact analytics that support MPF and investment initiatives.
What You Can Expect
Monitor and report credit risk trends and exposures associated with mortgage loans and investment portfolios. Operate and maintain credit risk models that predict prepayment, default, and losses of the mortgage loan portfolio. Support MPF program-related processes and committee reporting. Perform backtesting and benchmarking to evaluate model performance and make recommendations on model calibration. Conduct scenario analysis and stress testing to assess portfolio risks under different macroeconomic scenarios. Perform credit reviews for member institutions and mortgage servicers based on financial performance and creditworthiness. Research, diagnose, and identify solutions to issues on data anomalies and model runs Work with validators, auditors, and regulators to support model accuracy and regulatory compliance. Optimize business processes through the use of data management and programming tools. Conduct ad-hoc analysis as needed
What You’ll Bring
0 - 3 years of work experience in finance, data analytics, or modeling, credit modeling preferred Bachelor’s degree in Mathematics, Finance, Economics, Statistics, Computer Science, or a related field. Master’s level degree desired. SQL Server Management Studio Python/R Tableau/Alteryx Solid skills in data analysis and visualization techniques to effectively analyze and communicate risk assessments High degree of attention to detail, self-motivation, and professionalism Strong problem-solving and analytical skills Strong verbal and written communication skills Ability to collaborate with peers and stakeholders in a team environment Detail-oriented, able to manage multiple timelines Knowledge and experience in predictive modeling Ability to collect, process, and analyze large dataset s Experience with financial institutions preferred Experience with mortgage underwriting and servicing preferred CFA and FRM candidates preferred Basic understanding of fixed income, the mortgage market, and credit risk management
Hours and Location
Mon-Fri, 40 hours/week On-site in Chicago, IL
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. Step into a brighter future with us.
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
We offer a competitive salary range for this position. Most candidates who join our team are hired at the median of this range, ensuring fair and equitable compensation based on experience and qualifications.
An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability. Seniority level
Seniority level Entry level Employment type
Employment type Full-time Job function
Job function Finance and Sales Industries Technology, Information and Internet Referrals increase your chances of interviewing at The Mom Project by 2x Sign in to set job alerts for “Risk Analyst” roles.
Chicago, IL $50,000.00-$95,000.00 2 weeks ago Chicago, IL $100,000.00-$110,000.00 3 weeks ago Investment Banking Full-Time Analyst 2026 - Leveraged Finance Group
Chicago, IL $85,000.00-$110,000.00 2 weeks ago Investment Banking - Mid-Cap Investment Banking - Analyst
Chicago, IL $100,000.00-$115,000.00 1 day ago Chicago, IL $80,000.00-$95,000.00 4 hours ago Banking - Investment Banking, Full Time Analyst, Chicago - USA, 2026
Chicago, IL $80,000.00-$115,000.00 23 hours ago Chicago, IL $68,000.00-$98,220.00 6 days ago Chicago, IL $78,750.00-$110,250.00 2 weeks ago Chicago, IL $75,000.00-$80,000.00 13 hours ago Chicago, IL $63,000.00-$93,000.00 5 days ago Chicago, IL $75,000.00-$110,000.00 2 weeks ago Chicago, IL $75,700.00-$94,620.00 3 days ago Investment Banking Analyst - Leveraged Finance Group (LFG)
Greater Chicago Area $75,000.00-$90,000.00 2 weeks ago Chicago, IL $60,000.00-$65,000.00 6 days ago Chicago, IL $80,000.00-$110,000.00 1 week ago Chicago, IL $51,700.00-$101,500.00 3 weeks ago Chicago, IL $60,000.00-$70,000.00 1 month ago Chicago, IL $68,625.00-$96,075.00 3 days ago Chicago, IL $100,000.00-$110,000.00 3 weeks ago Asset & Wealth Management, Fixed Income - Research Analyst, High Yield and Bank Loans / Global High Yield Credit Analyst, Vice President
Chicago, IL $100,000.00-$230,000.00 1 week ago Chicago, IL $113,000.00-$162,000.00 1 week ago Chicago, IL $100,000.00-$125,000.00 2 days ago Investment Banking Full-Time Analyst 2026 - Life Sciences
Chicago, IL $100,000.00-$110,000.00 2 weeks ago Chicago, IL $62,902.00-$95,107.00 6 days ago Chicago, IL $49,199.33-$86,253.75 3 days ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr