At the Federal Home Loan Bank of Chicago, employees come first - that's why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.
* Medical, dental and vision insurance * Retirement program (401k and Pension) * Generous PTO plan * 11 paid holidays per year * Hybrid working model (effective February 22, 2022) * Casual dress code As a member of the FHLBank Internal Audit team you will have the opportunity to influence change by developing innovative approaches that help drive continuous improvement for our business and our audit process. We encourage our team members to think creatively and challenge the status quo. Members of the audit team are expected to take initiative and exercise independent judgment in delivering practical, value added approaches and recommendations to identify ways to enhance the bank's risk management and business environment.
The Senior Auditor works under the direction of an Audit Manager and is accountable for the timely execution of risk based internal audits in accordance with the annual audit plan, as well as assisting with other matters and projects. The essential duties and responsibilities include but are not limited to:
Plan audit projects by performing project risk assessments that drive the development of audit objectives and create risk based audit programs that address the risks identified.
Conduct interviews of client personnel and perform walkthroughs as needed to evaluate control design.
Execute tests that validate the effectiveness of controls and document the results of testing.
Identify emerging risks, audit issues and recommendations using independent judgment and be able to communicate findings succinctly to client personnel.
Prepare audit reports that summarize the audit scope, conclusions, findings and recommendations.
Collaborate with clients in the evaluation and assessment of departmental controls and processes and advise on enhancements.
Participant in change projects to identify and communicate risks before implementation.
Supervise Audit staff members, review working papers and assist the audit manager in project execution.
Complete audit projects within assigned budgets and timelines.
Ability to adapt to evolving business needs and changes, including different role requirements, or environments and work with a sense of focus and urgency
Other duties as assigned.
Bachelor's degree in Finance, Accounting or equivalent practical experience.
4+ years banking or financial services audit experience.
Basic MS Office experience (Excel, Word)
Understanding of industry audit frameworks.
Ability to multitask, prioritize and demonstrate project management skills.
Strong critical thinking and intuitive problem solving approach.
Constructive professional skepticism and inquisitiveness.
Continuous improvement mindset.
Ability to challenge status quo, identify innovative solutions and champion change.
Certified Internal Auditor (CIA), Certified Public Accountant (CPA) or some other relevant certification or working towards certification.
Understanding and/or experience working in the secondary mortgage market
Understanding and/or experience in retail and /or wholesale mortgage business.
Understanding and/or experience in financial markets
Experience in utilizing data analytics to enhance the audit process.
FHLBank Chicago Maintains a Safe Work Environment With A Mandatory Vaccination Policy For All Employees.
We are committed to providing a safe work environment for all our employees. The FHLBank Chicago requires all employees, except those who may require accommodations under federal or state civil rights laws, to be fully vaccinated.
The Federal Home Loan Bank of Chicago is a $100 billion wholesale bank and one of 11 district banks chartered in 1932 by the U.S. Congress to support mortgage lending and community investment. Each FHLBank operates as an independent organization and is governed by a board of directors elected by its member institutions. As a cooperative, we provide reliable liquidity to our member banks, credit unions, insurance companies, and community development financial institutions located in Illinois and Wisconsin, focusing on the distinct needs of their individual businesses and communities.
We offer products and services to help our members fund loans and investments held in portfolio, manage liquidity, fund mortgages into the secondary market, secure third party agreements, and achieve asset liability management goals. Through our Community Investment and Affordable Housing programs, we also help our members to provide affordable housing and economic development in the communities they serve.
FHLBank Chicago is a place, where everyone can make a difference—both for our organization and for the communities we serve through our member financial institutions. We aim to create a diverse... and inclusive environment where employees are fully engaged and positioned to do their best work. Teamwork is valued, and even entry-level hires may find themselves working side-by-side with senior-level executives.