Manager Member Financial Strategies

FHLBank Chicago•Chicago, IL

8d•Onsite

About The Position

The Manager, Member Financial Strategies is a senior advisory leader responsible for helping FHLBank Chicago’s depository members (clients consisting of community banks, thrifts, and credit unions across Illinois and Wisconsin) optimize balance sheet performance, manage interest rate risk, and build effective funding and hedging strategies. This role combines deep expertise in asset/liability management (ALM) and rate markets with a strong client-facing orientation, delivering decision-ready insights to CFOs, Treasurers, and ALCOs. The Manager leads and develops a team of analysts, setting priorities, coaching team members on interest rate risk, liability pricing, and funding market dynamics, and personally owning the development and delivery of member-facing content, including whitepapers, FHLBank product relative value analyses, and executive strategy presentations. This position sits within the Member Financial Strategies team and reports to the Managing Director of Member Financial Strategies, with cross-functional engagement spanning Sales, Customer Insights, Treasury, Product Development, and Risk teams.

Requirements

Bachelor’s degree in Finance, Economics, Mathematics, or a related quantitative field.
7+ years of professional experience in financial markets, asset/liability management, fixed income strategy, or institutional investment advisory, including 1–3 years of people leadership experience
Proven track record of developing high-quality, market-facing analytical content—whitepapers, strategy presentations, relative value analyses—for institutional audiences.
Prior experience managing or mentoring junior analysts in a markets or strategy context.
Background in a client-facing advisory role at a broker-dealer, FLHBank, regional/national bank, or financial consulting firm with institutional depository clients.
Deep understanding of depository balance sheet management, including liability structuring, hedging with interest rate derivatives, investment portfolio construction, and rates/credit market dynamics.
Ability to synthesize market data into actionable member guidance.
Ability to map depository institution liability profiles and strategic objectives to specific funding and hedging solutions, with a clear articulation of the risk/return trade-offs and implementation considerations.
Proven ability to set direction, manage workloads, and develop talent within an analytical team.
Skilled at translating complex market concepts into accessible, high-impact learning experiences for junior professionals.
Working knowledge of key regulatory frameworks affecting depository institutions, including liquidity requirements (LCR, NSFR), Basel III capital rules
Exceptional written and verbal communication skills, with demonstrated experience delivering market strategy content to executive and board-level audiences.
Ability to distill technical complexity into clear, persuasive narrative.

Nice To Haves

Advanced degree (MBA, MS Finance) or relevant professional certification (CFA, FRM, CTP) preffered.
Preffered emerging technology awareness: Emerging developments in digital assets, tokenized deposits, and blockchain applications in capital markets and their potential balance sheet implications

Responsibilities

Advise members on holistic balance sheet positioning across rate environments, translating macroeconomic outlook into specific funding, hedging, and liability management actions
Map member liability structures and interest rate risk profiles to specific product solutions, with clear articulation of risk/return trade-offs and implementation considerations
Lead structured member product forecasts integrating balance sheet trends, product usage data, and sales input to identify actionable funding and hedging opportunities
Develop member-specific analyses addressing net interest margin (NIM) compression, deposit repricing, liability extension, liquidity positioning, invetsment funding, and capital efficiency
Conduct ongoing relative value analysis across the Bank’s product suite, evaluating cost of funds, duration, optionality, and risk characteristics relative to member balance sheet objectives
Advise on duration positioning, hedging strategies (including interest rate derivatives and swaps), and asset/liability mix optimization
Analyze net interest income (NII), economic value of equity (EVE), and earnings at risk to frame risk/return trade-offs for member decision-makers
Frame and monitor pricing of FHLBank products against core deposits, brokered CDs, other competitive sources of wholesale funding, and liquidity needs of members
Monitor deposit flows, loan demand, wholesale funding patterns, and investment portfolio behavior and incorporate findings into solution designs and member targeting
Monitor rate markets, Fed policy, credit spreads, and funding market dynamics to generate timely, actionable perspectives for members and internal stakeholders
Author and publish whitepapers, market commentary, and strategy briefs on topics such as NIM compression, deposit repricing, liability extension strategies, loan portfolio hedging, and regulatory capital impacts
Track regulatory developments, including liquidity requirements (LCR, NSFR), capital framework changes (Basel III), FHLB membership rules, and payment system evolution, and translate their implications for member funding and hedging strategies
Prepare and present board- and executive-ready strategy briefings, market outlooks, and solution recommendations for senior member leadership and internal Bank audiences
Partner with Sales Directors to deliver targeted member insights and solution content in a timely, actionable format that supports proactive member engagement
Clearly articulate the strategic rationale behind solution recommendations, including risk/return trade-offs, member impact, and alignment with the Bank’s mission
Align with Customer Insights and Customer Experience teams to channel member feedback and behavioral data into concrete solution development
Directly manage a team of analysts: set priorities, allocate workloads, and maintain high standards of analytical rigor across the group
Serve as a dedicated technical mentor, coaching team members on interest rate risk measurement, bond pricing dynamics, and funding market strategies through structured development opportunities
Design training curricula and progressive development plans to build durable balance sheet and markets expertise within the team
Review and quality-control all team outputs prior to distribution—including member-facing materials, internal analyses, and data-driven reports