The IT Risk and Compliance Manager is responsible for all compliance tools as application owner. This role is accountable for the strategy, planning, operations and risk management functions for IT compliance operations.
Responsible for hiring, developing and providing oversight for resources by means of effective coaching and performance management
Ownership and accountability of the product backlog (body of work) for IT compliance functions
Responsible for making adjustments to priorities as necessary, according to business needs, and informing director.
Identify, analyze and set priorities for the backlog, ensure that risks are mitigated and business value in maximized in the work that the team delivers
Partners with internal audit, stakeholders and management to understand the Bank's general risk management process, risk appetite, and risk tolerance.
Work with IT management, ORM business partners and stakeholders for alignment of operational risk oversight
FHFA Regulator exam coordination and External Audit coordination (PWC, Other). On point for reporting and facilitation of activities leading up to deliveries in a timely fashion
Monitor and drive the effective remediation of IT action plans and event management
Maintain meaningful and sustainable risk and performance reporting (key risk/performance indicator metrics) and monitor thresholds for exceptions
Facilitate annual policy and procedure review, monitor implementation deliverables such as tools, templates, and reports
Periodically reviews IT compliance needs to make recommendations around adjustments to controls
Assists in the preparation on the annual Risk Control Self Assessment (RCSA)
Ability to identify potential areas of vulnerability or risk and work IT teams and management to develop contingency plans. Must be able to ensure that issues relating to compliance are evaluated, monitored, managed and escalated as needed
Assists in the assessment and implementation of the COBIT 5 framework
Intermediate level of risk management, understanding of controls, and is personable and can work in team settings, collaborate with internal and external parties as it relates to the applications of technology to solve business challenges. A college degree in business administration, IT, accounting, finance or related field and/or applicable professional compliance certifications (CRISC, CISA, CISM, etc.). Practical use and understanding of compliance monitoring technology is desired. The applicant should be a self-starter with a customer focused work approach and be able to pay close attention to detail while managing multiple simultaneous efforts and priorities.
5+ years of experience leading compliance, risk or IT audit functions. Proficient with use of risk and control frameworks and process improvement models (e.g. Risk IT, COBIT, COSO, ITIL, CMM). Has 3+ years of success with managing resources and teams. Has a working knowledge and understanding of Security protocols. A high level of integrity and dependability are necessary to perform this role. Requires attention to detail and can elicit cooperation working in teams and business or customer partners.
This role requires strong and effective communication skills, in both written and verbal, to work with multiple levels within the organization.
Certificates, Licenses, Registrations:
Recommended: CRISC,CISA, CISM
Internal Number: o19x7fwy
About Federal Home Loan Bank of Chicago
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 t...he 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.