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Remote Credit Risk Intern Jobs in Illinois (NOW HIRING)

Sr. Product Manager - Credit Risk

Chicago, IL · On-site +1

$130K - $172K/yr

With offices in Chicago, Miami, and around the world through the power of remote work, we are a ... In addition to the Risk team, they will work directly with many departments such as Marketing ...

Credit Analyst

Olney, IL · On-site +1

$65K - $90K/yr

Primary Duties and Responsibilities 1. Analyze the overall credit quality and risk of applicants by ... The Bank may consider a remote or hybrid work schedule based on the qualifications of the candidate ...

Credit Analyst

Olney, IL · On-site +1

$65K - $90K/yr

Primary Duties and Responsibilities 1. Analyze the overall credit quality and risk of applicants by ... The Bank may consider a remote or hybrid work schedule based on the qualifications of the candidate ...

Accounts Receivable Manager

Wood Dale, IL · On-site +1

$87K - $109K/yr

Build and lead a high-performing Accounts Receivable and Credit team across on-site and remote work ... Strong internal control mindset and risk awareness * Ability to manage multiple priorities and ...

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Remote Credit Risk Intern information

What is the difference between Remote Credit Risk Intern vs Remote Credit Analyst?

AspectRemote Credit Risk InternRemote Credit Analyst
Required CredentialsTypically pursuing or recent graduate in finance, economics, or related fieldBachelor's degree in finance, economics, or related field; some roles prefer certifications like CFA or CPA
Work EnvironmentInternship setting, often part-time or temporary, with mentorshipFull-time remote position with more independent responsibilities
Employer & Industry UsageInternships offered by banks, financial institutions, and credit agenciesFull-time roles in similar institutions, focusing on credit analysis and risk assessment

The main difference is that a Remote Credit Risk Intern is an entry-level, temporary position aimed at gaining experience, while a Remote Credit Analyst is a full-time role with greater responsibilities in assessing credit risk. Interns typically require less experience and may be pursuing relevant education, whereas analysts are expected to have more industry knowledge and certifications.

Sr. Risk Analyst, Credit

Federal Home Loan Bank of Chicago

Chicago, IL • On-site, Remote

$110K - $115K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 27 days ago


Job description

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.

  • Collaborative, 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

      Responsibilities

      • Operate and maintain credit risk models for mortgage loan portfolios
      • Lead the development and implementation of alternative credit risk strategies
      • Build algorithmic solutions and design strategies for model assumption setting and performance monitoring
      • Conduct scenario analysis and stress testing to assess portfolio risks under macroeconomic and climate risk scenarios
      • Research risk management frameworks to assess environmental and regulatory risk drivers on mortgage portfolios in accordance with regulatory requirements and industry best practices and report to senior management
      • Perform credit reviews for member institutions based on financial performance and credit worthiness
      • Collaborate with validators, auditors and regulators to improve model accuracy and ensure regulatory compliance
      • Optimize business processes through the use of data management and programing tools
      • Research, diagnoses and identify solutions to issues on data anomalies and portfolio performance and create dashboards for senior management and risk committees
      • Support business on MPF product design with business analytics

      Position Requirements

      • Master's degree in Mathematics, Finance, Quantitative Finance or related field and 2 years of related experience, or, a Bachelor's degree in Mathematics, Finance, Quantitative Finance or related field and 4 years of related experience
      • Any amount of experience operating and maintaining credit risk models for mortgage loan portfolios
      • Any amount of experience building algorithmic solutions and design strategies for model assumption setting and performance monitoring
      • Any amount of experience conducting scenario analysis and stress testing to assess portfolio risks under macroeconomic and climate risk scenarios
      • Any amount of experience conducting business analysis using statistics methodology and tools of aggregated data from databases via SQL

      Must live within normal commuting distance of worksite. Remote work allowed up to 50 days per year.

      Salary range $110,150 to $115,000

      Salary Range:

      $90,400.00 - $150,700.00

      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