What you'll doThe Manager, Credit Analysis will have primary responsibility for management and oversight of the depository and CDFI credit team. The team consists of two 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- 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 PerksAt 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:$125,825.00 - $221,275.00
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
