The Senior Operational Risk Analyst is a key member of the Risk Management team and is responsible to carry out programs designed by the bank for the purpose of implementing an effective risk based system to identify, measure, monitor, and control operational risks. The program is designed to reduce controllable risks, prevent / minimize bank losses through preventative steps actions. ESSENTIAL DUTIES & RESPONSIBILITIES Work with various business partners to facilitate the completion of business risk assessments and targeted operational risk assessment projects. Assist business partners in addressing control deficiencies that surfaced as a result of a loss event, exposure identified during an investigation, or the business identifying a control issue resulting from either an internal audit or regulatory review. Assist business partners with their identification of process / control related issues which may surface during the completion of the risk self assessment. Proactively identify and address risk issues and weakness in existing products, policies and processes. Assist ERM with the overall assessment process and ongoing monitoring of outstanding items requiring follow-up and resolution. Monitor the completion of all assigned activities of business partners to ensure agreed upon changes have been completed to address identified control weakness. Consult on potential risk factors presented in new products, markets and procedures and advise on process and products structure to lessen the risk exposure to the bank. Based on specific transaction reports, identify control weaknesses in departments and functions and other operational areas and recommend changes to minimize those weaknesses. Other duties as assigned REQUIREMENTS Minimum of 5-10 years of related work experience in operational risk, back office management, investment management, lending operations, technology operations project management, fraud prevention, and audit and/or compliance are desired. Minimum of 5 -7 years of demonstrated experience in addressing change management issues, process flow analysis, policy and procedure linkage, system level control analysis and project management methodology. Excellent presentation skills and the development of related materials Excellent oral and written communication skills Strong analytical skills Strong organizational and prioritizing skills Ability to influence business partners in addressing control issues and business practices Ability to handle a variety of projects simultaneously Ability to work with concepts and work independently Ability to be adaptable and flexible while responding to deadlines on assignments and workflow fluctuations Preference for at least a Bachelor's Degree-level education with relevant concentration in finance or business management. Professional Certifications in Risk Management (ERM, CIRM, CIRSC, ICBRR) desired Team player
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.