Audit Manager

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:

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.

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 wil have the opportunity to develop, implement and mature Internal Audit Department (IAD) operations to support the Bank’s and IAD’s critical activities.

How you’ll make an impact:

• Opportunity to influence change by developing innovative approaches that help drive continuous audit improvement.
• Encourage and support our team members to think creatively and challenge the status quo.
• Takes initiative and exercise independent judgment in delivering practical, value-added recommendations to enhance the effectiveness of internal controls over financial reporting and operational processes.

What you can expect:

• Audit Performance:
  • Oversee, manage and contribute towards execution of audit projects from end to end including planning, performing audit procedures, identifying and communicating issues, writing and communicating audit results and reviewing audit workpapers to ensure audit objectives are met.
  • Develop and work with the internal audit data analytics in supporting our data analytics program.

• Team Leadership and Development:
  • Coach and develop senior and staff auditors in the forms of audit methodology, quality, relationship development/maintenance, and evolving internal audit practices.
  • Foster a culture of continuous improvement and professional development within the audit team (e.g. industry trends, best practices in internal auditing).
  • Develop and maintain healthy and productive relationships with business clients.

• Strategic Objectives and Risk Management:
  • Assist in developing and implementing internal audit’s strategic plan and departmental initiatives.
  • Engage to evaluate and report the risks and controls on change assurance projects.
  • Identify and evaluate the organizational risk and provide input into the enterprise risk assessment periodically.

What you’ll bring:

• Bachelor’s degree in Finance, Accounting or equivalent practical experience.
• 6+ years banking or financial services audit experience.
• Experience in utilizing computer assisted audit tools and techniques to generate data analytics.
• Clear verbal and written communication skills
• Strong critical thinking and intuitive problem solving approach.
• Multitask, prioritize and demonstrate project management skills.
• Certified Internal Auditor (CIA), Certified Public Accountant (CPA) or some other relevant certification or working towards certification.
• Understanding and/or experience working in the secondary mortgage market is a plus.
• Understanding and/or experience in financial markets is a plus.

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