Business Risk Management Analyst

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.

Collaborative, in-office operating model

Retirement program (401k and Pension)
Medical, dental and vision insurance

Lifestyle Spending Account Competitive PTO plan
11 paid holidays per year

Who we areOur 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. We are committed to a high performing, engaged workforce, and to supporting the communities we serve across Illinois and Wisconsin. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Our professional development and training opportunities through upskilling, mentorship programs, and tuition reimbursement allow employees to grow their career with us.

Our collaborative, in-office operating model brings teams together to foster innovation, connection, and shared success. To support balance and flexibility, employees are provided an allocation of remote days to use as needed throughout the year

What you'll doThe Analyst, Business Risk Management (BRM) supports the Bank’s first-line risk function within the member-facing business, assisting with appropriateness reviews, exception tracking, governance and controls documentation, key risk indicator (KRI) reporting, and 7th District Mortgage Partnership Finance (MPF) oversight. Working under the Sr. Manager, Business Risk Management, the Analyst performs the day-to-day analytical, reporting, and documentation activities that help ensure first-line risk management practices are disciplined, timely, well controlled, and audit-ready.

This is a hands-on analytical role for someone who is detail-oriented, organized, and comfortable working with data, documentation, and cross-functional partners. The Analyst will build durable first-line risk skills while supporting a function that is central to the Bank’s control environment.

This position sits within the Member Financial Strategies group, reports to the Sr. Manager, Business Risk Management, and partners with Solutions, Sales, Sales Operations, Risk Management, Compliance, and Internal Audit.

How you'll make an impact

Help build and shape a growing first-line risk management function that plays a critical role in supporting the Bank's member-facing businesses and strategic objectives.

Turn data into insights by analyzing risk trends, developing reporting solutions, and helping leadership make informed decisions.

Influence sound business decisions and risk disciplines while partnering with stakeholders across the first, second, and third lines of defense.

What you can expect

Appropriateness & Transaction Support Perform initial appropriateness reviews of member transactions and solution designs against the established framework, flagging items for Manager review

Conduct and/or compile supporting analysis and document rationale for suitability determinations

Help maintain and refine appropriateness checklists, templates, and supporting procedures

Exception Tracking & Documentation Maintain the first-line exception log, tracking status, aging, conditions, approvals, and remediation

Prepare clear exception write-ups and ensure documentation is complete and audit-ready

Follow up with stakeholders to keep open items moving toward resolutionKRI & Risk Reporting Gather data and produce recurring KRI and first-line risk reports on schedule

Perform exposure and trend analysis and support ad hoc risk analytics

Design and…