Hiring: Quantitative Rotational Analyst Company: Federal Home Loan Bank of Chicago Location: Chicago, IL Job Posted Time: 2026-09-17 02:41:32 Employment Type: Internship Target Skills & Keywords : Capital Markets, Derivatives, Fixed Income, Microsoft Office, R, Risk Management, SQL About the job Required Skills: •Lead and oversee developing and/or utilizing tools to analyze, monitor and create reports/processes to measure risk for the bank. •Lead in interest rate model and prepayment model monitoring by back-testing and benchmarking. •Perform independent analysis or research on issues and make recommendations to management for solution. •Automate existing process to increase efficiency. •Identify process gap and add controls where applicable. •Provide support for inquiries from other departments related to fair value for all on balance sheet instruments, including MBS, CMO, callable bonds and interest. rate derivatives, such as swaps, caps and floors. •New report development to provide insight on the Bank’s market risk exposure. •Obtain basic understanding of the model development life cycle and industry best practices. Qualifications: •A Bachelor’s degree and at least two years (maximum five years) of related experience in fields such as Risk, Mathematics, Mathematical/Quantitative Finance, Statistics, Economics, or Actuarial Studies. OR A Master’s degree (including an MBA) in the aforementioned fields. •Relevant work or internship experience in banking or finance is a plus •Demonstrated capacity to develop, maintain, and foster relationships throughout our organization. •Mastery of the Microsoft Office Suite. •Knowledge, Skills, Abilities And Behaviors Required •Strong quantitative, analytical, and problem-solving skills. Knowledge of statistical techniques and data mining concepts and approaches. •A high degree of professionalism with outstanding communication (written, verbal, and listening) skills. •Demonstrated capacity to self-start and self-motivate, a willingness to take an active role to drive results by collaborating with peers and operational leadership. •Attention to detail with respect to data and facility security, documentation, following policies, procedures, rules, and regulations. •Proven ability to develop, analyze, and effectively interpret data. Compensation: •$75,325 - $125,500 / year •Competitive benefits and rewards package Interested candidates, please apply directly through the job posting on company's career page or try via AI auto apply on this platform. Don't miss this opportunity to join a forward-thinking team!