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.
* Medical, dental and vision insurance * Retirement program (401k and Pension) * Generous PTO plan * 11 paid holidays per year * Hybrid working model (effective February 22, 2022) * Casual dress code
Lead Risk Analyst, Enterprise Risk Management
Who we are:
FHLBank Chicago partners with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment in the Bank, and support for their community investment activities. We are one of 11 Federal Home Loan Banks created by Congress in 1932 as a government sponsored enterprise to support mortgage lending and community investment. We are member owned and member focused. Our members include banks, credit unions, insurance companies and CDFIs.
What it's like to work here:
At FHLBank Chicago, we bring people together. Our regular All-Staff meetings keep employees informed and our values drive the work that we do. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Our Employee Value Proposition is honed by listening and identifying the needs and priorities of our valued employees. Through CommuniTeam, we volunteer and identify ways to strengthen our communities. Our Office of Diversity, Equity and Inclusion (DEI) hosts signature and employee-led events for continued learning; and Employee Resource Groups (ERGs) and culture clubs create connections around shared interests and experiences. We offer live and on-demand professional development opportunities to grow your skillset and your career.
What you'll do:
Lead the maintenance and improvement of the Banks Operational Risk Management Framework (ORMF) which includes the identification, assessments, measurement, reporting and risk decision making in accordance to operational risk related policies, operational risk tools and regulatory expectations. This position does not have direct reports.
How you'll make an impact:
Lead the day-to-day operation, maintenance and improvement of the operational risk management framework and supporting operational risk programs.
Work collaboratively and cooperatively across the three lines of defense (i.e. business units, support functions, and internal audit).
What you can expect:
Execution and improvement of the risk assessment process which includes assessing changes in the business environment and the impact of changes in volume and complexity due to the financial, legal, and regulatory environments and its impact on operational risk.
Collection and reporting operational risk event data and utilizing operational risk data and other internal data sources, as well as external data to evaluate and reports the Banks operational risk exposure.
Development, collection, maintenance, monitoring, and reporting of operation risk metrics (i.e. key risk indicators and key performance indicators) utilized to monitor the Banks operations risk exposure.
Facilitating the review and periodic update of the Operational Risk Standard and related operational risk procedures.
Facilitation of holistic oversight of the Banks operational risk including vendor risk management, business resiliency, financial reporting, affordable housing/ community investment activities, etc.
Maintenance and improvement of operational risk management tools (e.g. loss events, metrics, risk assessments, risk acceptances, etc.) and reporting on the operational risks within in the business lines.
What you'll bring:
7+ years' experience executing or leading operation risk management at financial institution(s)
Influence, guide and credibly challenge stakeholders in relation to the operational risks
Bachelor's degree in Finance, Accounting, Business
Master's or professional degree desired (e.g. MBA, JD, Accounting, etc.)
Professional certifications desired (e.g. FRM, PRM, etc.)
MS Office products (Excel, Outlook, PowerPoint, and Word)
Experience with GRC systems (e.g. Archer, Riskonnect, Thompson Reuters, etc.)
Ability to manage ambiguity and changing priorities in fast paced dynamic environment
Must be self-directed with high energy level
Strong presentation skills
Detail-oriented with the ability to multi-task and meet deadlines with minimal supervision
Strong, effective communication resulting in an understanding of the message from others
Strong problem solving and decision making abilities
Experience leading cross functional projects or teams
Strong collaboration and business acumen skills
At FHLBank Chicago, employees come first. 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 401K and Pension. Our generous PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year. We offer work from home options and a casual dress code at our beautiful new space in the Old Post Office. Step into your future with us.
FHLBank Chicago Maintains a Safe Work Environment With A Mandatory Vaccination Policy For All Employees.
We are committed to providing a safe work environment for all our employees. The FHLBank Chicago requires all employees, except those who may require accommodations under federal or state civil rights laws, to be fully vaccinated. #LI-Hybrid
The Federal Home Loan Bank of Chicago is a $100 billion wholesale bank and one of 11 district banks chartered in 1932 by the U.S. Congress to support mortgage lending and community investment. Each FHLBank operates as an independent organization and is governed by a board of directors elected by its member institutions. As a cooperative, we provide reliable liquidity to our member banks, credit unions, insurance companies, and community development financial institutions located in Illinois and Wisconsin, focusing on the distinct needs of their individual businesses and communities.
We offer products and services to help our members fund loans and investments held in portfolio, manage liquidity, fund mortgages into the secondary market, secure third party agreements, and achieve asset liability management goals. Through our Community Investment and Affordable Housing programs, we also help our members to provide affordable housing and economic development in the communities they serve.
FHLBank Chicago is a place, where everyone can make a difference—both for our organization and for the communities we serve through our member financial institutions. We aim to create a diverse... and inclusive environment where employees are fully engaged and positioned to do their best work. Teamwork is valued, and even entry-level hires may find themselves working side-by-side with senior-level executives.