Manager of Markets Credit
Burtch Works, Chicago, IL, United States
About The Company
We are a financial institution that serves banks and other financial institutions in Illinois and Wisconsin, providing competitively priced funding and support for community investment activities. We are part of a network of government‑sponsored enterprises supporting mortgage lending and community investment. We are committed to bringing people together, fostering a high‑performing workforce, and reinvesting in the communities we serve across Illinois and Wisconsin.
Job Title Manager of Markets Credit
Location Chicago, Illinois (In‑Office)
Job Summary We are looking for a Manager of Markets Credit to join our Markets Credit team in Chicago. The ideal candidate will be a strategic thinker with deep mortgage industry knowledge, strong analytical and modeling ability, and proven leadership experience. This role will involve overseeing credit risk management of our Mortgage Partnership Finance (MPF) and investment portfolio, leading a team of credit risk analysts, and collaborating with internal stakeholders, regulators, and vendors.
Key Responsibilities
Credit Risk Management: Oversee the analysis and monitoring of credit risk trends and exposures associated with mortgage loan and investment portfolios to strengthen the organization's overall risk management framework.
Credit Risk Modeling: Lead the development and ongoing maintenance of credit risk models – such as prepayment, default, and loss models – including assumption setting, model calibration, performance monitoring, back‑testing, and benchmarking.
Strategic Analytics: Enable strategic product and investment decisions by partnering with cross‑functional teams to deliver high‑impact analytics that support MPF and investment initiatives, including designing and enhancing analytical models and risk management frameworks.
Scenario Analysis: Direct scenario analysis and stress testing to assess portfolio risks under different macroeconomic scenarios and evaluate the adequacy of credit enhancement.
Credit Reviews: Perform credit reviews of member institutions and mortgage servicers based on financial performance and credit worthiness.
Regulatory Compliance: Work with validators, auditors, and regulators to improve model accuracy and support regulatory compliance.
Process Innovation: Drive operational excellence and innovation by leveraging advanced data analytics, automation, and emerging technologies to improve processes.
Stakeholder Management: Build strong and trustworthy partnerships with internal teams (business, operations, finance, legal, model risk, etc.) and external stakeholders (regulators, vendors, etc.).
Requirements
Education: Bachelor's degree in Mathematics, Finance, Economics, Statistics, Computer Science, or related fields.
Experience: 5+ years of work experience in finance, data analytics, or modeling; 2+ years of people management experience.
Skills:
Proficiency in SQL Server Management Studio, Python, and R.
Experience with Business Intelligence tools including Tableau and Alteryx.
Deep understanding of mortgage industry, fixed income investment, credit risk management, and statistical models.
Strong expertise in credit risk modeling, including statistical analysis, predictive models, and performance monitoring.
Excellent problem‑solving, analytical, verbal/written communication skills.
Strong critical thinking skills and ability to synthesize complex analytical findings into clear and actionable recommendations.
Effective leadership with a collaborative approach and strong stakeholder management abilities.
Other: Familiarity with model governance, regulatory compliance, and risk management frameworks; ability to lead and develop high‑performing analytical teams.
Preferred Qualifications
Master's level degree in Mathematics, Finance, Economics, Statistics, Computer Science, or related fields.
CFA or FRM certification.
Experience with mortgage underwriting and servicing.
Experience with building predictive statistical models and developing algorithmic solutions.
Benefits
Competitive Compensation: Highly competitive compensation and bonus package.
Health and Wellness: Medical, dental, and vision insurance; Lifestyle Spending Account providing an annual stipend to support wellbeing activities.
Work‑Life Balance: Competitive PTO plan with five weeks of vacation for new employees; 11 paid holidays per year; allocation of remote days to use as needed throughout the year within our collaborative, in‑office operating model.
Retirement: Comprehensive retirement program including 401(k) and pension plan.
Professional Development: Professional development and training opportunities through upskilling, mentorship programs, and tuition reimbursement.
Additional Perks: Buddy Program pairing new hires with tenured employees; central downtown location at the Old Post Office with easy access to public transportation and breathtaking rooftop views.
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Job Title Manager of Markets Credit
Location Chicago, Illinois (In‑Office)
Job Summary We are looking for a Manager of Markets Credit to join our Markets Credit team in Chicago. The ideal candidate will be a strategic thinker with deep mortgage industry knowledge, strong analytical and modeling ability, and proven leadership experience. This role will involve overseeing credit risk management of our Mortgage Partnership Finance (MPF) and investment portfolio, leading a team of credit risk analysts, and collaborating with internal stakeholders, regulators, and vendors.
Key Responsibilities
Credit Risk Management: Oversee the analysis and monitoring of credit risk trends and exposures associated with mortgage loan and investment portfolios to strengthen the organization's overall risk management framework.
Credit Risk Modeling: Lead the development and ongoing maintenance of credit risk models – such as prepayment, default, and loss models – including assumption setting, model calibration, performance monitoring, back‑testing, and benchmarking.
Strategic Analytics: Enable strategic product and investment decisions by partnering with cross‑functional teams to deliver high‑impact analytics that support MPF and investment initiatives, including designing and enhancing analytical models and risk management frameworks.
Scenario Analysis: Direct scenario analysis and stress testing to assess portfolio risks under different macroeconomic scenarios and evaluate the adequacy of credit enhancement.
Credit Reviews: Perform credit reviews of member institutions and mortgage servicers based on financial performance and credit worthiness.
Regulatory Compliance: Work with validators, auditors, and regulators to improve model accuracy and support regulatory compliance.
Process Innovation: Drive operational excellence and innovation by leveraging advanced data analytics, automation, and emerging technologies to improve processes.
Stakeholder Management: Build strong and trustworthy partnerships with internal teams (business, operations, finance, legal, model risk, etc.) and external stakeholders (regulators, vendors, etc.).
Requirements
Education: Bachelor's degree in Mathematics, Finance, Economics, Statistics, Computer Science, or related fields.
Experience: 5+ years of work experience in finance, data analytics, or modeling; 2+ years of people management experience.
Skills:
Proficiency in SQL Server Management Studio, Python, and R.
Experience with Business Intelligence tools including Tableau and Alteryx.
Deep understanding of mortgage industry, fixed income investment, credit risk management, and statistical models.
Strong expertise in credit risk modeling, including statistical analysis, predictive models, and performance monitoring.
Excellent problem‑solving, analytical, verbal/written communication skills.
Strong critical thinking skills and ability to synthesize complex analytical findings into clear and actionable recommendations.
Effective leadership with a collaborative approach and strong stakeholder management abilities.
Other: Familiarity with model governance, regulatory compliance, and risk management frameworks; ability to lead and develop high‑performing analytical teams.
Preferred Qualifications
Master's level degree in Mathematics, Finance, Economics, Statistics, Computer Science, or related fields.
CFA or FRM certification.
Experience with mortgage underwriting and servicing.
Experience with building predictive statistical models and developing algorithmic solutions.
Benefits
Competitive Compensation: Highly competitive compensation and bonus package.
Health and Wellness: Medical, dental, and vision insurance; Lifestyle Spending Account providing an annual stipend to support wellbeing activities.
Work‑Life Balance: Competitive PTO plan with five weeks of vacation for new employees; 11 paid holidays per year; allocation of remote days to use as needed throughout the year within our collaborative, in‑office operating model.
Retirement: Comprehensive retirement program including 401(k) and pension plan.
Professional Development: Professional development and training opportunities through upskilling, mentorship programs, and tuition reimbursement.
Additional Perks: Buddy Program pairing new hires with tenured employees; central downtown location at the Old Post Office with easy access to public transportation and breathtaking rooftop views.
#J-18808-Ljbffr