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. The Director of ERM is responsible for maintaining strong, collaborative working relationships within Risk Management, the Bank's Executive Team and MPF program leadership team: Duties: Responsible for the development, approval, implementation and maintenance of the Enterprise Risk Management (ERM) Policy Framework, tools and practices for the Bank including the Bank's business/strategic risks, risk escalation/communication and the Board-approved Risk Appetite Statement Responsible for the leadership, innovation, governance, and management necessary to identify, evaluate, mitigate, and monitor the Bank's key and emerging risks Responsible for having a broad understanding of the key risks facing the Bank and interrelationships whether market, credit, strategic/business or operational including model and business continuity, providing input into framework changes and participating in development, articulation and evaluation of risk metrics and tolerances Independently monitors, analyzes and assesses risks within the MPF program and periodically reports on these risks to internal and or committees of the Board. Responsible for evaluating capital adequacy and capital targets and methodology for operational risk exposure capital modeling on behalf of the Risk Management Group Facilitate and mature the culture of Risk Management within the Bank, including linkages between incentive compensation and risk management, training and understanding of ERM concepts/roles Active participant of Board of Director committees: Risk Management Active member of internal committees: Asset/Liability Management, Operational Risk Oversight and Reengineering; input as non-voting attendee to Enterprise Risk and Credit and Collateral Ensures FHLBC's risk management policies and strategies are in compliance with applicable regulations, rating agency standards, and strategic imperatives Management and leadership responsibilities, particularly hiring, training, salary/bonus/budget administration, and disciplinary actions for the group Requirements: MS Office products (Word, Excel, Outlook, PowerPoint) 10+ years of Risk Management experience 5-10 years relevant experience in financial analysis, and mortgage finance 5 years management experience Master's degree or higher in Accounting, Finance or related disciplines CPA/CFA, FRM or other designation Knowledge, Skills, Abilities and Behaviors: Must demonstrate professional maturity and ability to develop strong intra-personal relationships Analytical, self-starter with ability to work collaboratively across teams Must have good communication (verbal, written) skills Diplomatic Strategic thinking Ability to influence while maintaining trust with stakeholders Strong problem solving and decision making abilities Displays effective leadership and initiative Able to manage and prioritize multiple deliverables
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.