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Federal home loan bank of chicago Interview Questions

A/B Testing

Algorithms

Analytics

Machine Learning

Probability

Product Metrics

Python

Statistics

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<p>Suppose there exists a new airline named Jetco that flies domestically across North America. Jetco recently had a study commissioned that tested the boarding time of every airline, and it came out that Jetco had the fastest average boarding times of any airline.</p>

<p>What factors could have biased this result, and what would you look into?</p>


<p>What could potentially bias the average boarding time in favor of an airline that only flies domestically?</p>

What could potentially bias the average boarding time in favor of an airline that only flies domestically?

Boarding Times Bias

A new airline came out as the fastest average boarding times compared to other airlines.  What factors could have biased this result and what would you look into?

<p>You are testing hundreds of hypotheses with many <em>t</em>-tests. What considerations should be made?</p>


<p>What is a key disadvantage of the F-test when compared to multiple t-tests?</p>

What is a key disadvantage of the F-test when compared to multiple t-tests?

Hundreds of Hypotheses

You are testing hundreds of hypotheses with many t-tests. What considerations should be made?

<p>Let’s say you work for a social media company that has just done a launch in a new city. Looking at weekly metrics, you see a slow decrease in the average number of comments per user from January to March in this city.</p>

<p>The company has been consistently growing new users in the city from January to March.</p>

<p>What are some reasons why the average number of comments per user would be decreasing and what metrics would you look into?</p>


<p>What metric could be used to measure if active users are still engaging on the platform despite an overall decrease in the average number of comments per user?</p>

What metric could be used to measure if active users are still engaging on the platform despite an overall decrease in the average number of comments per user?

Decreasing Comments

How would you investigate a decline in the average number of comments per user?

Federal home loan bank of chicago Salaries by Position

<div><h2>Senior Risk Analyst</h2><p>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.</p><p>Benefits include:</p><ul><li>Collaborative, in-office operating model</li><li>Retirement program (401k and Pension)</li><li>Medical, dental and vision insurance</li><li>Lifestyle Spending Account</li><li>Competitive PTO plan</li><li>11 paid holidays per year</li></ul><h3>Responsibilities</h3><ul><li>Review, maintain and upgrade the risk management systems and perform quantitative analysis to assess changes and enhancements to the pricing models within vendor applications</li><li>Provide timely and accurate reporting of risk metrics as promulgated by the FHFA</li><li>Provide detailed and in-depth analysis of bank balance sheet fair value and risk</li><li>Research new ways to automate and improve operation and reporting processes</li><li>Develop prepayment back testing reporting and provide in-depth prepayment analysis</li><li>Lead projects related to process redesign, new hedge strategy development, new product development and system upgrade of Summit and Polypaths</li><li>Provide guidance to junior risk analysts on regulatory reporting, troubleshooting production issues, data analytics, and quantitative modeling</li><li>Identify uncaptured risks and enrich or build new risk reports with additional analysis</li><li>Handle inquiries from internal departments across the bank and external regulators and auditors</li></ul><h3>Position Requirements</h3><ul><li>Master's degree in Finance, Mathematics, Financial Mathematics or related field</li><li>2 years of related experience</li><li>Any amount of experience providing measurement, analysis, monitoring, and reporting of market risk for fixed income products and interest rate derivatives</li><li>Any amount of experience reporting risk exposure and Market Value of Equity/Book Value of Equity of bank's balance sheet</li><li>Any amount of experience maintaining and upgrading risk management systems by performing quantitative tests to assess any changes or enhancements to pricing models</li><li>Any amount of experience researching new ways to automate or improve operation and reporting process</li></ul><p>Must live within normal commuting distance of worksite. 50 days a year remote work allowed.</p><p>Salary Range: $90,400.00 - $150,700.00</p><p>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.</p></div>

<div><h2>Senior HR Data Analyst</h2><p>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.</p><p>Our mission at FHLBank Chicago: 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.</p><p>Simply said, we're a bank for banks and other financial institutions, focused 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.</p><p>At FHLBank Chicago, we bring people together. We are committed to a high performing, engaged workforce, and to supporting the communities we serve across Illinois and Wisconsin. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Our professional development and training opportunities through upskilling, mentorship programs, and tuition reimbursement allow employees to grow their career with us. Our collaborative, in-office operating model brings teams together to foster innovation, connection, and shared success. To support balance and flexibility, employees are provided an allocation of remote days to use as needed throughout the year.</p><p>The Senior HR Data Analyst is a strategic partner to HR and business leadership, responsible for transforming workforce data into actionable insights that inform decision-making at all levels. This role leads advanced analytics and high-impact reporting to support talent strategy, workforce planning, and organizational effectiveness. The ideal candidate will also champion the use of AI, automation, and emerging technologies to elevate HR's analytical capabilities and drive innovation.</p><p>This role will lead the Bank's Accounts Payable function, ensuring accurate and timely processing of vendor invoices. This helps keep the Bank's vendor relationships strong. This role will leverage Workday and emerging automation tools to enhance efficiency within the Accounts Payable function.</p><p>Create compelling, data-driven presentations, translating complex analyses into clear, strategic narratives that inform decision making. Build and maintain dynamic dashboards to monitor key workforce metrics such as turnover, performance, benefits utilization, and headcount trends. Partner with HR Business Partners and functional leaders to identify trends and recommend data-informed interventions. Stay current on workforce trends, labor market shifts, and HR analytics innovations to inform strategic planning and advise leadership on emerging risks and opportunities. Champion the use of AI, machine learning, and automation tools to streamline reporting, uncover deeper insights, and enhance decision-making across HR functions. Ensure data integrity through regular audits, validation checks, and adherence to data governance policies.</p><p>Bachelor's degree in HR, Business Analytics, Statistics, or other related field. 5+ years of experience in analytics, workforce planning, or a related field. Proven experience developing executive-level and board-ready presentations. Proficiency in data visualization tools (Tableau) and HRIS/reporting systems (Workday). Familiarity with AI/ML tools and techniques used in HR analytics. Excellent communication and storytelling skills with the ability to present complex data to non-technical audiences. Ability to manage multiple priorities and deliver high-quality work in a fast-paced environment. Commitment to continuous learning and staying informed on industry trends.</p><p>At FHLBank Chicago, we believe in rewarding our high performing workforce. We offer a highly competitive compensation and bonus package, and 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 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; and our central downtown location at the Old Post Office provides easy access to public transportation and breathtaking views from our award-winning rooftop. Visit FHLBCbenefits.com for additional details about our benefits.</p><p>Salary Range: $90,400.00 - $150,700.00</p></div>

Question	Topic	Difficulty	Ask Chance
Boarding Times Bias	Statistics	Medium	Very High
Hundreds of Hypotheses	Statistics	Medium	Very High
Decreasing Comments	Product Metrics	Easy	Very High

Federal home loan bank of chicago Interview Questions

Federal home loan bank of chicago Interview Guides

Federal home loan bank of chicago Interview Questions

Federal home loan bank of chicago Salaries by Position

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