Senior Compliance Analyst- Governance, Risk & Compliance

Commensurate with education and experience.
May 01, 2024
May 17, 2024
Full Time
Join the FHLBC team!

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.

• Retirement program (401k and Pension)
• Medical, dental and vision insurance
• Lifestyle Spending Account
• Generous PTO plan
• 11 paid holidays per year
• Hybrid working model

Who we are

Our mission at FHLBank Chicago: To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment, and support for their community investment activities.

Simply said, we're a bank for banks and other financial institutions, focused on being a strategic partner for our members and working together to reinvest in our communities, from urban centers to rural areas. Created by Congress in 1932, FHLBank Chicago is one of 11 Federal Home Loan Banks, government sponsored in support of mortgage lending and community investment.

What it's like to work here

At FHLBank Chicago, we bring people together. Our regular All-Staff meetings keep employees informed and our values drive the work that we do. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Through our Office of Diversity, Equity and Inclusion (DEI), we host signature and employee-led events to celebrate our differences and learn from each other and identify volunteer opportunities to strengthen our communities; and Employee Resource Groups (ERGs) and culture teams create connections around shared interests and experiences. We offer live and on-demand professional development opportunities to grow your skillset and your career.

What You'll do

In this role, you will have the opportunity to lead processes related to Governance, Risk, and Controls and acting as the Compliance liaison to operational risk, technology risk, and the Legal Department. Our Compliance work centers on three pillars, AML/BSA Compliance, GRC Tools and processes, and Internal and Regulatory Compliance. Your work will aid compliance routines and processes, assist in establishing a robust effective challenge culture, and help drive our commitment to compliance excellence. We encourage and support our team members to think creatively and challenge the status quo. You'll be expected to act as a change agent, take initiative, and exercise independent judgment in delivering practical, sustainable recommendations to enhance internal and regulatory compliance.

How you'll make an impact:
  • Managing core Compliance processes, while modernization and streamlining procedures leveraging our core GRC tool Riskonnect
  • Lead critical meetings and projects to ensure the Federal Home Loan Bank of Chicago is meeting regulatory obligations
  • Lead learning projects that improve Compliance knowledge of teammates

What you can expect:
  • Identify, develop, implement/improve, and manage the company's GRC programs, policies, and procedures, and tools (Riskonnect)
  • Identify, develop and define the needs while understanding the GRC tool to implement and monitor the required needs of the stakeholders (e.g. Enterprise Issue Management process to properly report Issues across the organization)
  • Identify GRC program risks and communicating them across teams and senior leaders for it to be managed
  • Develop and deliver training and awareness programs to employees around GRC technologies and procedures.
  • Monitor and report on the effectiveness of GRC programs and initiatives to senior management and stakeholders (e.g. data integrity of GRC tool that may require development or maintenance of GRC exception reporting, managing a Quality Assurance process)
  • Manage and potentially create reporting for management or Board (e.g. Audit Metrics and Audit Committee presentations driven from GRC data)
  • Champions process re-engineering by challenging the status quo of current processes and implements improvements or alternatives (e.g. Audit's SharePoint site, directory)
  • Lead as a responsible change agent, garnering commitment from key stakeholders to implement, or enhance compliance strategies, fostering a culture of continuous improvement and adherence
  • Develop and deepen relationships with internal partners including: First-Line, Operational Risk, Audit, and Legal departments, drive timely identification and remediation of risk
  • Ownership and execution of regulatory responsibility, including execution of AML/BSA responsibilities as designated by the bank's AML/BSA Officer

What you'll bring:
  • 2 plus years of experience in Governance, Risk, and Compliance
  • Strong organizational skills, including ability to effectively prioritize and meeting deadlines, develop workflows, and processes to support business partners
  • Prior Financial Services and/or mortgage experience is a plus
  • Experience designing and implementing financial services compliance strategies
  • Highly comfortable working with ambiguity to understand, analyze, develop and innovate proposed solutions from interdepartmental requests and requirements
  • Proactive, highly organized, efficient individual with effective time management skills and ability to multi-task or projects.
  • Highly professional, accountable person with strong attention to detail; self-starter, dependable and flexible.
  • Ability to work independently and collaboratively in a fast-paced environment with potentially competing deadlines.
  • Ability to communicate well, and coherently present perspectives as well as proposals to teams and stakeholders
  • Ability to interact and develop trusted relationships with internal and external stakeholdersMS Office products (Excel, Outlook, PowerPoint, and Word)
  • Tableau preferred
  • Must be self-directed with high energy level
  • Executive presentation skills
  • Well organized and can ensure team meets high number of deadlines reliably
  • Strong, effective communication resulting in an understanding of the message from others
  • Strong problem solving and decision making abilities

The Perks

At FHLBank Chicago, we believe in rewarding our high performing workforce. We offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees. Our retirement program includes a 401(k) and pension plan. Our wellbeing program supports employees at work and in their personal lives: Our generous PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year; our Lifestyle Spending Account provides an annual stipend for employees to support wellbeing activities; and our central downtown location at the Old Post Office provides easy access to public transportation and breathtaking views from our award-winning rooftop. Step into a brighter future with us. #LI-Hybrid

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