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
Who we are
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.
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.
What it’s like to work here
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.
What you'll do
The Director, Enterprise Risk Management (ERM) will be responsible for designing and implementing an enterprise risk management (ERM) framework, which comprises the Bank's approaches to enterprise-wide risk governance, identification, assessment, management, and mitigation. The ERM framework ensures that all risks across the organization are well-understood, well-governed and appropriately managed.
How you'll make an impact
Shapes a cohesive enterprise risk approach by clarifying governance, accountability, and reporting across risk disciplines and business lines.
Elevates decision‑making by translating risk information into clear, timely insights for executive management and the Board.
Advances organizational resilience by strengthening oversight of first line risk management, controls, and third‑party risk in support of strategic priorities.
What you can expect
Responsible for the leadership, innovation, governance, and management necessary to identify, evaluate, mitigate, and monitor the company's operational and strategic risk.
Develops Enterprise Risk Management tools, practices, and policies to analyze and report enterprise risks, and to manage risks according to an enterprise risk management framework.
Responsible for enterprise oversight of third-party risk management, including governance, monitoring, and reporting.
Ensures FHLBC's risk management policies and strategies are in compliance with applicable regulations, rating agency standards, and strategic imperatives of the organization.
Responsible for enterprise oversight of first line of defense risk, controls, and risk and process metrics.
Establishes the Enterprise Risk Management framework for the company.
Monitors and measures all operational risk management activities of the organization.
Responsible for enterprise oversight of operational resilience, including governance, risk assessment, and reporting across critical business services.
Monitors and analyzes risks within the company's business units and reports on these risks to the Board.
Chairs or provides key inputs into FHLBC’s enterprise risk or other committee that oversees the enterprise risk management process and ensures alignment with organizational objectives.
Other duties as assigned
What you'll bring
10+ years of Risk Management experience
5-10 years mortgage finance experience
5 years management experience
Undergraduate degree in Finance, MBA strongly desired
Analytical, self-starter
Diplomatic
Strategic thinking
Ability to influence
Strong problem solving and decision making abilities
Highly personable and professional
The Perks
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. Step into a brighter future with us.
Salary Range:
$217,550.00 - $382,325.00The 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