The Federal Home Loan Bank of Chicago is a $76.1 billion wholesale bank and one of 11 district banks chartered in 1932 by the U.S. Congress to improve the availability of funds to support home ownership. The FHLB Chicago is a member-owned cooperative serving members in our district of Illinois and Wisconsin. All federally insured depository institutions, insurance companies engaged in residential housing finance, credit unions, and community development financial institutions located in our district are eligible to apply for membership. Today, the FHLBank System, which is regulated by the Federal Housing Finance Agency, has more than 7,200 members. POSITION SUMMARY: The Regulatory Affairs Advisor will be responsible for the management of the Bank's relationship with its regulator with respect to assigned areas while working directly with the Sr. Manager of Regulatory Affairs, Legal and Government Relations Group. This position will also be responsible for the development of regulatory strategy for interaction with the Bank's members' regulators. There is direct interaction with the regulator, senior management, membership and the Board of Directors. ESSENTIAL DUTIES AND RESPONSIBILITIES: Maintain a positive relationship with the Bank's primary regulator, the Federal Housing Finance Agency (FHFA), by interacting on a consistent basis with examiners and other FHFA staff, while promoting a culture of compliance, transparency and credibility. Coordination of Federal Housing Finance Agency (FHFA) examinations:Coordinate and centralization of the flow of information between the FHFA and the Exam Coordinators. Provide quality control; review target exam materials and track ongoing regulatory requests, and post documents to internet portal and correspond with regulator, as appropriate. Acquiring and delivering all pre-examination requests on a prompt and comprehensive basis through necessary engagement with Bank staff. Help prepare management and business teams prior to examination, including coordination with Exam Coordinators from other areas of the Bank. Facilitate ongoing meetings during and after the on-site examination and organize management responses to exam findings and other regulatory requests. Effectively manage the orderly retention of records tied to all exam requests and track other key regulatory communications. Regularly assess the examination process and make recommendations of changes to support enhanced regulatory relations. Record key issues during regulator meetings; proactively identify trends in regulatory requests and discussions and raise them to manager to ensure strategic responses across the organization; participate in discussions with senior management on related issues. Develop and maintain metrics related to examination results, regulatory requests and other items. Coordinates annual meetings with members' regulators. Collaborates with other areas on timing of meetings and preparation of any required documentation/presentations for such meetings. Review guidance on FHFA reporting requirements and maintain regulatory reporting inventory in MetricStream; provide support for timely and accurate preparation of regulatory reporting, including correspondence, documents, and presentations. Works closely with Assistant Corporate Secretary in connection with the Corporate Governance function, including coordination of agenda materials and minutes, prepare annual directors guide, and maintenance of Board papers electronic portal. Assist in management of annual election of directors process pursuant to FHFA regulations, including ongoing contact with Board of Directors and members. Participates in projects and represents the Legal and Government Relations Group as required for meetings relating to information technology. Other duties as assigned. Duties and responsibilities will evolve with experience and proven performance. EXPERIENCE REQUIREMENTS: 5-7 years experience in the financial services industry preferab
The Federal Home Loan Bank of Chicago is a $72.0 billion wholesale bank and one of 11 district banks chartered in 1932 by the U.S. Congress to improve the availability of funds to support home ownership. The FHLB Chicago is a member-owned cooperative serving members in our district of Illinois and Wisconsin. All federally insured depository institutions, insurance companies engaged in residential ...housing finance, credit unions, and community development financial institutions located in our district are eligible to apply for membership. Today, the FHLB System, which is regulated by the Federal Housing Finance Agency, has more than 7,500 members.
The FHLB Chicago strives to be a valuable partner to our member financial institutions in Illinois and Wisconsin during all phases of financial and economic cycles. The mission of the Federal Home Loan Bank of Chicago is to partner with our member shareholders in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment in the Bank, and support for community investment activities.
The Federal Home Loan Bank of Chicago is committed to diversity at all levels of our organization from the employees we hire to the programs, institutions, and businesses we support. Our goal is to recruit, hire, and develop talented staff and to offer a work environment that allows them to do their best work.