Director Market Risk & Earnings Analysis

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.   C ollaborative, 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 ​ 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 career 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 an allocation of remote days to use as needed throughout the year. What you'll do Responsible for Management of market, including liquidity and income at risk modeling and analysis team as part of Bank’s second line of defense. The Director, Market Risk and Earnings Analysis will be responsible for designing and implementing a market and income at risk manaegment framework, which comprises the Bank's approaches to market including liquidity and income at risk governance, identification, assessment, management, and mitigation.  The market and income at risk management frameworks ensure that member products and asset/liability management risk-taking is well-understood, well-governed and appropriately managed.  Your leadership skills will be crucial in fostering a culture of transparency, compliance, and accountability, making a significant impact on our continued success and reputation in the industry.  The ideal candidate for this role must have a proven track record in of re-engineering operational processes, and possess strong leadership abilities  This role has direct reports. How you'll make an impact Provide strong second-line oversight of market, liquidity and income-at-risk exposures by delivering sophisticated analysis and effective challenge on balance sheet, liquidity, and earnings risks to strengthen the Bank’s risk governance and financial resilience. Enable strategic decision-making at the executive and Board level by delivering robust modeling, forecasting, and stress testing insights that inform capital planning, product strategy, and CFO-led strategic planning processes. Drive operational excellence and innovation in risk analytics by leading model development and analytics teams, modernizing processes and automation, and providing independent, data-driven challenge to emerging risks, new products, and evolving market conditions. What you'll do Responsible for Market including Liquidity and Income at Risk oversight and risk limit establishment, monitoring, assessment and reporting. Oversee team of model developers responsible for operation, maintenance, model calibration and tuning, performance monitoring and controls around the Bank’s mission critical models used for valuation, forecasting and risk modeling and the Bank’s market data. Owner of critical vendor relationships:  market risk data, valuation/pricing, and risk modeling Responsible for sign off for new product implementations from a valuation, forecasting and risk modeling perspective and oversee development and user acceptance testing. Oversee analytics team responsible for monitoring and evaluating portfolio concentration, adverse market trends, value at risk analysis and preparing independent risk and attribution analyses. Collaborate with Executive Team, business units and other departments in Risk Management, in developing and supporting key assumptions and scenarios and preparing forecasts to support the CFO who leads the annual Strategic Planning process. Support the CFO’s Strategic Planning department in income at risk scenario/stress analysis, forecasts, capital planning, and evaluating incentive compensation plan balance sheet and income criteria and metrics. Collaborate with business units and other departments in Risk Management to design, performs and reports stress testing and scenario analysis results to Senior Management and the Board Assess impacts on the Bank’s risk process for new products, investments and hedging strategy implementation involving interdepartmental teams.  Use market and income at risk tools and market data to analyze range of outcomes, provide insights and alternate viewpoints as new strategies are being formed by Management. Develop and monitor key risk indicators to provide early warning of potential issues in changing environment and effectively challenge. Primary contact for Bank regulators for issues associated with Market and Income at Risk Management Active committee member of internal committees: Asset/Liability Management Reports to Board and Senior Management any changes to Bank’s balance sheet market, liquidity, and income risk profile that can adversely impact business decision making, significant balance sheet concentrations, and any material