Director, Compensation & Benefits Position Summary: Senior management role responsible for planning and directing the Bank's compensation & benefits functions Key Responsibilities: Assists executive management in defining, the implementation of and maintenance of the compensation and benefits strategy for the Bank. Creates and presents compensation, benefits, incentive plan, and other materials at meeting of the Human Resources and Compensation Committee. Serves as the primary advisor to the Bank's President on all executive compensation matters. Provides advice and counsel to the Board of Directors on Board compensation matters. Attends Board meetings to present compensation material as needed. Provides compensation and benefits information to the Legal and Financial Information Departments for the Bank's annual Securities and Exchange Commission
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.