Capital Markets Quantitative Analyst

Who we are:

Our mission at FHLBank Chicago is 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. We focus 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, we host signature and employee-led events to celebrate our differences, learn from each other, and identify volunteer opportunities that strengthen our communities. Employee Resource Groups and culture teams create connections around shared interests and experiences. We also offer live and on-demand professional development opportunities to help employees grow their skills and careers.

What you'll do:

As a Capital Markets Quantitative Analyst, you will support the quantitative models, analytical tools, and daily processes used by the Bank's Capital Markets trading desks. You will perform analysis related to the Bank's assets, liabilities, capital, liquidity, and hedging activities while contributing to investment, funding, and risk-management decisions.

You will work closely with teams across the organization, including Risk, Finance, Accounting, Sales, Balance Sheet Management, and Information Technology. This role provides the opportunity to combine quantitative analysis, programming, fixed-income knowledge, and business partnership in support of the Bank's balance sheet and broader mission.

How you'll make an impact:

• Directly influence the Bank's trading and investment strategies by developing quantitative analysis, models, and market insights that support pricing, risk management, portfolio positioning, and execution decisions.
• Develop a deep understanding of the Bank's balance sheet and financial strategy, gaining visibility into how funding, liquidity, interest-rate risk, capital markets activity, and portfolio decisions interact across the institution.
• Serve as a quantitative link between market data and business decisions, translating complex market movements and analytical results into actionable insights for traders, portfolio managers, and senior decision-makers.
• Build meaningful exposure to leading Wall Street firms and market participants, interacting with dealers, banks, and other counterparties to evaluate market conditions, products, pricing, and emerging opportunities.

What you can expect:

• Design, develop, maintain, and run quantitative tools that support daily Capital Markets processes.
• Maintain and improve models used by the Bank's trading desks.
• Assist in developing strategies related to liquidity, funding, hedging, asset acquisition, and balance-sheet management.
• Monitor risk metrics and prepare reporting to support compliance with management and regulatory guidelines.
• Participate in the daily pricing process for the Mortgage Partnership Finance cash window.
• Perform pre-trade analysis and research on mortgage-backed securities, collateralized mortgage obligations, and other fixed-income investments.
• Prepare model documentation, analytical reports, presentations, and completed trade files.
• Analyze and interpret financial and market data to support investment and rsk-management decisions.
• Collaborate with internal partners, including Risk, Accounting, Finance, Sales, Balance Sheet Management, and Information Technology.
• Communicate with external partners, including brokers, dealers, vendors, and other counterparties.
• Learn related Capital Markets functions and provide coverage across the team as needed.
• Perform other duties as assigned.

What you'll bring:

• Bachelor's degree and two to five years of related experience in a quantitative field such as Risk, Mathematics, Mathematical or Quantitative Finance, Statistics, Economics, Actuarial Studies, or a related discipline; or a master's degree, including an MBA, in one of these areas.
• Relevant work or internship experience in banking, financial services, investments, or capital markets is a plus.
• Knowledge of and interest in fixed-income markets, including mortgage-backed securities and collateralized mortgage obligations.
• Strong quantitative, analytical, and problem-solving skills, including knowledge of statistical techniques and data-mining concepts.
• Experience developing or maintaining analytical tools using Python, SQL, SAS, R, VBA, or comparable programming languages.
• Experience with data visualization tools and techniques, including Tableau or a similar platform.
• Proficiency with the Microsoft Office suite.
• Ability to analyze complex data, establish facts, identify relevant trends, and draw well-supported conclusions.
• Strong written, verbal, and listening skills, with the ability to communicate technical information clearly and professionally.
• Strong attention to detail, including adherence to documentation requirements, controls, policies, procedures, and data-security expectations.
• A proactive and self-motivated approach, with the ability to collaborate across teams and take ownership of deliverables.
• Ability to build and maintain effective relationships throughout the organization.
• Flexibility and willingness to learn additional Capital Markets functions and provide coverage when needed.
• Ability to solicit, accept, and apply ongoing feedback.

The Perks

At FHLBank Chicago, we believe in rewarding our high-performing workforce. We offer a highly competitive compensation and bonus package, along with 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. 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.

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