Director Enterprise Risk Management

FHLBank Chicago•Chicago, IL

20h•Hybrid

About The Position

The Director, Enterprise Risk Management (ERM) will be responsible for designing and implementing an enterprise risk management (ERM) framework, which comprises the Bank's approaches to enterprise-wide risk governance, identification, assessment, management, and mitigation. The ERM framework ensures that all risks across the organization are well-understood, well-governed and appropriately managed. Shapes a cohesive enterprise risk approach by clarifying governance, accountability, and reporting across risk disciplines and business lines. Elevates decision‑making by translating risk information into clear, timely insights for executive management and the Board. Advances organizational resilience by strengthening oversight of first line risk management, controls, and third‑party risk in support of strategic priorities.

Requirements

10+ years of Risk Management experience
5-10 years mortgage finance experience
5 years management experience
Undergraduate degree in Finance
Analytical, self-starter
Diplomatic
Strategic thinking
Ability to influence
Strong problem solving and decision making abilities
Highly personable and professional

Nice To Haves

MBA strongly desired

Responsibilities

Responsible for the leadership, innovation, governance, and management necessary to identify, evaluate, mitigate, and monitor the company's operational and strategic risk.
Develops Enterprise Risk Management tools, practices, and policies to analyze and report enterprise risks, and to manage risks according to an enterprise risk management framework.
Responsible for enterprise oversight of third-party risk management, including governance, monitoring, and reporting.
Ensures FHLBC's risk management policies and strategies are in compliance with applicable regulations, rating agency standards, and strategic imperatives of the organization.
Responsible for enterprise oversight of first line of defense risk, controls, and risk and process metrics.
Establishes the Enterprise Risk Management framework for the company.
Monitors and measures all operational risk management activities of the organization.
Responsible for enterprise oversight of operational resilience, including governance, risk assessment, and reporting across critical business services.
Monitors and analyzes risks within the company's business units and reports on these risks to the Board.
Chairs or provides key inputs into FHLBC’s enterprise risk or other committee that oversees the enterprise risk management process and ensures alignment with organizational objectives.
Other duties as assigned