Manager Credit Risk Analysis

• Closes a critical management gap in depository/CDFI credit risk oversight, enabling faster risk rating decisions and stronger analyst development across a 445-bank, 103-credit union, 9-CDFI portfolio.

• Frees senior leadership capacity for board, regulatory, and strategic priorities by shifting day-to-day team management and brief oversight to a dedicated manager.

• Strengthens succession and bench depth, pairing an experienced SME manager with existing analysts to accelerate their leadership readiness.

What you can expect

• Management responsibilities of a team of two credit analysts which includes priority setting, skill development and performance management.

• Perform analysis on and recommend approval for new and/or continuing borrowers.

• Lead team through 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 implement 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.

• Provide active management and thought leadership to your immediate team to aide in their development in credit underwriting, analytic skills and leadership development.

• Surveillance of existing depository and CDFI members for material changes in credit quality.

• Analyze the creditworthiness of financial institutions that pose an elevated credit risk to the Bank and make appropriate recommendations.

• Maintain and develop credit models to support the analytics regime supporting the Credit risk rating process.

• Foster collaborative relationship with our Sales team to support of our financial institution members and counterparties.

What you'll bring

• 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.

• Excellent interpersonal communication skills (written, oral, and listening) are required.

• Strong analytic abilities, including credit underwriting experience, the ability to manipulate large data sets, and robust modeling skills.

• At ease working within a team-based environment.

• Time management and an ability to display initiative are necessary.

• Must be self-directed with high energy level.

• MS Office products.

• Tableau, VBA, R, S&P CapIQ, and Bloomberg experience is a preferred.

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. Visit FHLBCbenefits.com for additional details about our benefits. Step into a brighter future with us.

Salary Range:

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: https://hrportal.ehr.com/fhlbc