Manager – Credit Analysis

Join the FHLBC team!

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.
 

• Retirement program (401k and Pension)

• Medical, dental and vision insurance

• Lifestyle Spending Account
• Generous PTO plan
• 11 paid holidays per year
• Hybrid working model

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. Our regular All-Staff meetings keep employees informed and our values drive the work that we do. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Through our Office of Diversity, Equity and Inclusion (DEI), we host signature and employee-led events to celebrate our differences and learn from each other and identify volunteer opportunities to strengthen our communities; and Employee Resource Groups (ERGs) and culture teams create connections around shared interests and experiences. We offer live and on-demand professional development opportunities to grow your skillset and your career.

What you’ll do:

The Manager, Credit Analysis will have primary responsibility for management and oversight of the depository and CDFI credit team. The team consists of three additional analysts and is responsible for the credit requirements related to the Bank’s depository and CDFI members.. Responsibilities include the support of the Bank’s mission critical models for depositories and all associated policies and processes. 

How you’ll make an impact:

• Develop and recommend lending decisions impacting the largest and most impactful financial institutions in the United States.
• Provide thought leadership with Bank policy setting for risk based lending.
• Apply an understanding of macroeconomic pressures and tailwinds affecting our members and lending decisions.
• Interface with members, regulatory agencies and key stakeholders to influence decision-making and advance key Credit group initiatives and priorities.

What you can expect:

• Management responsibilities of a team of three 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 generous 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. #LI-Hybrid