Sr. Director, Finance Transformation

Location
Chicago
Salary
Commensurate with education and experience.
Posted
May 01, 2024
Closes
Jun 23, 2024
Ref
R2400089
Type
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'll report to the CFO. You will be critical to our business transformation effort, including business process redesign, understanding system design, partnering with the IT organization on system initiatives and supporting the ongoing needs of the Finance organization and the functions they support.

How you'll make an impact:
  • Oversee management of our vendor management and procurement programs
  • Oversee the finance systems & technology.
  • Lead the Finance organization's operational excellence efforts.


What you can expect:
  • Lead the Finance organization's operational excellence efforts around scaling processes, systems, and tools
  • Evaluate existing financial processes, identify areas for improvement, and develop strategies to streamline processes. Implement best practices and standardize processes across the finance function.
  • Responsible for Finance's system and technology strategy, works with relevant stakeholders to prioritize the initiatives/projects to implement the strategy, and regularly monitors progress towards the strategy
  • Provides business direction and prioritization input for the production support docket, including communication of defects and system fixes to technology team, business analysts, and other business representatives
  • Lead change management efforts associated with finance transformation initiatives. Develop and execute comprehensive change management plans to ensure successful adoption of new processes, systems, and ways of working
  • Oversee the Bank's procurement function with a focus on DEI, managing cost and service standards for the Bank. Lead sourcing team to develop strategies for sourcing which align with the company's long-term strategic plan. Seek out innovative sourcing options, building procurement strategies to maximize Bank value.
  • Streamline vendor due diligence and vendor operations processes and ensure proper oversight through the entire vendor lifecycle.
  • Manage the Bank's insurance program, overseeing insurance purchases to manage the Bank's risks
  • Oversee the Bank's SOX program, collaborating with other teams to manage the Bank's control inventory and SOX program.
  • Collaborate closely with other departments, including IT, operations, and business units, to ensure alignment and integration of finance transformation initiatives with broader organizational goals and objectives
  • Mentor and develop team members, helping them develop their knowledge and competencies. Encourages teamwork, professionalism and high morale, throughout the department and the Bank.
  • Creates efficiencies within work tasks to eliminate or reduce manual processes.
  • Manages all staffing duties including: hiring/separations, performance management, staff development and day -to-day employee related issues


What you'll bring:
  • 20+ years of experience and 8+ years of leadership/management
  • Bachelor's degree in finance, accounting, business administration, or a related field. Master's degree and/or CPA preferred.
  • Experience with ERP systems, financial planning software, and business intelligence tools required. Workday experience preferred.
  • Strong understanding of finance processes, systems, and best practices
  • Experience in finance transformation, financial planning and analysis (FP&A), or related roles, with a track record of successfully leading complex transformation initiatives.
  • Excellent leadership, management, and coaching skills are a must.
  • Strong analytical and problem-solving abilities, with a data-driven and results-oriented mindset.
  • Demonstrated ability to manage change and drive organizational culture transformation.
  • Project management experience, with the ability to prioritize and manage multiple initiatives simultaneously.
  • Strategic thinker with a continuous improvement mindset, always seeking opportunities to enhance efficiency and effectiveness.


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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