Fhlbc
Manager Business Risk Management
Chicago
Sponsorship not specified$126k-$221kDetected 8 days ago
SalesAccountingAuditingLeadershipCommunicationMentoringInternal AuditCFA
About the role
- 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.
Responsibilities
- The Manager, Business Risk Management (BRM) leads the Bank's dedicated first-line risk function within the member-facing business, owning product suitability, exception handling, governance and controls, and 7th District Mortgage Partnership Finance® (MPF®) oversight.
- As the business's own risk leader-not a second-line reviewer-this role is responsible for developing a first line posture around risk, embeds disciplined, repeatable risk management into day-to-day business activity, ensuring member solutions and transactions are suitable, well-documented, and consistent with the Bank's risk appetite.
- The Manager will be responsible for the development and maintenance of an appropriateness framework, adjudicates first-line exceptions, produces key risk indicator (KRI) and first-line risk reporting, and serves as the credible first-line partner to the Second Line of Defense (2LOD), Internal Audit, and regulators.
- This role also leads and develops a small team, setting priorities and coaching on applied risk management and framework execution.
- Shape the business's risk culture. Establish and lead a dedicated first-line risk function, helping the Bank make sound decisions while supporting strategic growth and member service.
- Be a trusted advisor on high-impact decisions. Partner with business leaders to evaluate opportunities, manage risk, and ensure member solutions align with the Bank's risk appetite and regulatory expectations.
- Strengthen the future of member-facing business. Surface risk within our strategy, build scalable risk frameworks, governance practices, and oversight processes that enhance transparency, compliance, and long-term organizational resilience.
- Own, maintain, and continuously improve the member appropriateness framework governing advances, letters of credit, community investment products, derivatives and structured funding and hedging solutions
- Review proposed member transactions and solution designs for suitability, appropriate risk/return characterization, and alignment with member objectives and the Bank's risk appetite
- Partner with Solutions and Sales to embed suitability checkpoints into the member engagement and transaction lifecycle without compromising responsiveness
Requirements
- What you can expect
- Bachelor's degree in Finance, Economics, Accounting, Risk Management, Mathematics, or a related field.
- Advanced degree or relevant professional certification (FRM, CFA, PRM, CRCM) preferred.
Compensation
- $125,825.00 - $221,275.00
- 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
- 11 paid holidays per year
Benefits
- 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.
- Visit FHLBCbenefits.com for additional details about our benefits.
- Retirement program (401k and Pension)
- Medical, dental and vision insurance
- Competitive PTO plan
Company info
- 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.
- To support balance and flexibility, employees are provided with an allocation of remote days to use as needed throughout the year.
- 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.
- At FHLBank Chicago, we believe in rewarding our high performing workforce.
This listing is sourced directly from Fhlbc's careers page and normalized into a canonical job model.