Senior Credit Risk Analyst - Hybrid

Don’t let our name scare you, we are not your average bank.

With nearly a century of service, FHLBI is one of 11 independent regional cooperative banks across the U.S. Simply put, we’re a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. As a cooperative, we are dedicated to strengthening communities throughout our region.

But enough about us, let’s talk about you.

Are you looking for a company that views their employees as their greatest asset?

A company that’s dedicated to making a difference in the community? So much so they pay their employees to volunteer?

Do you want to join a talented workforce that prioritizes diversity, equity and inclusion, and promotes learning and development, unique skills/ideas, and employee engagement?

If you’ve said yes to these questions, then we might be a match!

Here is what we offer:

• Flexible hybrid workforce model: Onsite three days a week and two days remote. We also offer five fully remote weeks per year!

• Fantastic, competitive pay and total rewards

• Industry-high 401(k) match: up to 6% PLUS…an additional 4% contribution!

• Tuition reimbursement assistance: To help you continue to develop personally and professionally.

• Student loan repayment assistance: That’s right, we will help you repay outstanding student loans!

• Awesome Benefits Package: Medical, dental, vision benefits and even pet (you read that right) insurance!

• Generous time off: Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program

• “Dress for your day” dress code: You choose the appropriate work attire based on what your day looks like.

Statistics show that it is less likely for some candidates to submit their application if they don't meet all the criteria within the job description. If this is you, we encourage you to give yourself a chance and submit your application anyways, as you may be the perfect match for this role! 

Purpose:

The Senior Credit Risk Analyst will report to the Credit Risk Analysis Manager and provide expertise for a range of credit risks impacting the Bank. Perform credit analysis through identifying, measuring, monitoring, and evaluating the risk of the Bank’s secured and unsecured credit portfolios along with the Mortgage Purchase Program, with a focus on both quantitative and qualitative risk analysis and research.  This includes staying well informed of industry trends, macro-economic implications, and relevant events and performance. Assist in Bank Policy review and implementation as well as other functions of the Enterprise Risk Management (ERM) department as needed.

The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The Bank reserves the right to alter or amend this description at any time.

Specific Responsibilities:

• Support the Credit Risk Team by performing credit risk analysis, research, and reviews of the Bank’s counterparties.

• Oversight, governance, and analysis of credit risk within the Mortgage Purchase Program, including analysis of non-member mortgage servicers, mortgage insurers, policy reviews, portfolio trends, and loan quality.

• Assist with managing and evaluating Bank policy updates to ensure alignment the Bank’s risk appetite. Assist with developing and maintaining board-level metrics and risk appetite monitoring.

• Stay well informed of industry trends, incorporating historical context related to credit risk, including emerging risks to the Bank.

• Evaluate credit risk of proposed new FHLBI capital markets and mortgage counterparties.

• Obtain and optimize data from industry sources, such as S&P Global Market Intelligence, Bloomberg, various Bank systems, etc.

• Ensure compliance with and monitor regulatory requirements and Bank policies.

• Prepare regular updates and reports to Bank management, Board and the FHFA with time sensitive deadlines.

• Build and automate reporting dashboards for key business processes.

• Perform high level quantitative and qualitative analysis of counterparties using financial metrics such as risk-based capital ratios, concentration risks, business trends, and market-based risk metrics such as equity performance, CDS spreads.

• Conduct various analysis of the overall composition and trends of Bank portfolios.

• Support the quarterly and annual process of SEC reporting related t