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’ll be responsible for leading the successful execution of FHLBank Chicago’s Community Investment strategy, including oversight of current affordable housing and economic development programs, research and development of new products, and management of Community Investment programs staff. This position will support the Bank’s senior leadership to deliver on the Bank’s strategic, Community Investment mission objectives. This individual will work closely with teams throughout the Bank that support the Community Investment team’s programs strategy, including Bank Operations, IT Systems, Sales, Mortgage Partnership Finance Program, Accounting, Reporting, and Communications.

How you’ll make an impact:

• You will manage a team to successfully execute FHLBank Chicago’s Community Investment strategy.
• You will oversee FHLBank Chicago’s affordable housing and economic development programs, including research and development of new products.
• You will play a key role in internal and external strategic initiatives to advance FHLBank Chicago’s housing leadership.

What you can expect:

• Lead the successful execution of the Community Investment Group’s business strategy, including ongoing oversight of current affordable housing and economic development programs, leadership of research and development activities for new programs, and management of strategic Community Investment projects and initiatives.
• Represent Community Investment in Bankwide projects supporting Community Investment objectives. Lead and participate in Community Investment-oriented initiatives across Bank business lines. Undertake special projects as needed.
• Supervise the daily business activities of Community Investment programs staff, including assigning, tracking, and supporting the successful execution of work assignments.
• Collaborate with other Bank departments that support Community Investment programs (i.e., Bank Operations, IT Systems, Sales, Mortgage Partnership Finance Program, Accounting, Reporting, and Communications) to ensure strategic and operational alignment and achievement of Community Investment program objectives
• Participate in strategic planning activities.
• Engage in outreach activities as needed with member financial institutions and community partners to facilitate their use of CI programs, inform product development, and support the Bank’s relationships.
• Support the Community Investment team’s interactions with Bank’s Executive Team, Community Investment Advisory Council, and Board of Directors, overseeing the preparation of materials and presenting on Community Investment activities and programs as needed.
• Participate in the development and management of team budgets.
• Develop and implement a professional development and training plan for the CI team.

What you’ll bring:

• 10+ years of banking or community development experience with 3+ years of leadership experience
• Masters or other advanced professional degree with a concentration in Business or Public Administration, Real Estate, Urban Planning, Community Development, or other allied field.
• MS office – intermediate
• Excel – intermediate
• Background and comfort in working with online systems
• Project management training and/or experience
• Demonstrated ability to lead program/project teams to achieve desired results
• Strong project management skills
• Ability to successfully collaborate with diverse stakeholders to achieve common objectives; strong interpersonal skills
• Experience working in the banking and/or community development finance sector, with strong knowledge of affordable housing finance and community lending
• Budget management experience
• Ability to communicate effectively and succinctly to a variety of audiences both in writing and orally, including public speaking
• Able to analyze, apply, and communicate policies, procedures, and regulations effectively
• Ability to take initiative in a fast-paced work environment and work effectively under pressure, independently and as a member of a team. 
• Ability to prioritize and concurrently manage multiple responsibilities and demands
• A deep understanding of the Bank’s brand, mission and regulatory environment
• Proven ability to develop, analyze, and effectively interpret quantitative and qualitative data from an impact, risk, and return perspective
• Fluency in MS Office, including Excel and Access; fluency in Tableau and Salesforce 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