Internal Audit Manager

FHLBank Chicago partners with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment in the Bank, and support for their community investment activities. We are one of 11 Federal Home Loan Banks created by Congress in 1932 as a government sponsored enterprise to support mortgage lending and community investment. We are member owned and member focused.

Our members include banks, credit unions, insurance companies and CDFIs (Community Development Financial Institution).

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. Our Employee Value Proposition is honed by listening and identifying the needs and priorities of our valued employees. We volunteer and identify ways to strengthen our communities.

Employee Resource Groups (ERGs) and culture clubs create connections around shared interests and experiences. We offer live and on-demand professional development opportunities to grow your skillset and your career.

The Audit Manager leads risk-based audits with a primary emphasis on financial reporting, accounting processes, and internal controls over financial reporting, while also managing operational, compliance, and advisory engagements. The role manages audit staff and multiple assignments, communicates results to senior management and the Board and its committees, and supports annual audit planning. The position requires sound audit judgment, broad business acumen, people leadership, and strong financial reporting audit experience.

• Strengthen the reliability of financial reporting by evaluating key accounting processes, financial statement risks, significant judgments, regulatory reporting, and related internal controls.
• Improve business operations and risk management by identifying root causes and recommending practical enhancements to processes, controls, and governance.
• Build a high-performing audit team through effective leadership, coaching, staff development, and the use of data analytics and technology to improve audit quality and efficiency.

• Lead financial reporting audits, including assessments of accounting processes, financial statement risks, significant judgments, regulatory reporting, and internal controls over financial reporting.
• Lead operational business, compliance, and advisory engagements from risk assessment and scoping through reporting and follow-up.
• Assess business processes, strategic and operational risks, regulatory requirements, and the design and effectiveness of internal controls.
• Develop risk-based audit approaches; review testing, work papers, findings, and reports to ensure conclusions are clear, timely, and well-supported.
• Identify root causes and recommend practical improvements to controls, processes, governance, and risk management.
• Communicate audit results and emerging risks to business leaders, senior management, and the Board and its committees.
• Manage engagement scope, budgets, timelines, staffing, and competing priorities; escal ...
• Lead and develop audit staff through work allocation, coaching, timely feedback, performance management, and development planning.
• Build effective stakeholder relationships while maintaining independence and objectivity; support annual audit planning and improvements through data analytics, technology, and methodology enhancements.

• Bachelor’s degree in Accounting, Finance, business, or a related field required; advanced degree preferred.
• Current CPA or CIA certification required; CPA…