Job Title Senior Operational Risk Analyst
Location Chicago, IL
Job Type Full-Time Regular
Job Description

Senior Operational Risk Analyst
Federal Home Loan Bank (FHLB)
Chicago, Illinois
$70B Assets

FHLB (Federal Home Loan Bank) is seeking a Senior Operational Risk Analyst to join the Risk Management team. Reporting to the SVP, Director Operational Risk Management, the role will carry out programs designed by the bank for the purpose of implementing an effective risk based system to identify, measure, monitor, and control operational risks. The program is designed to reduce controllable risks, prevent & minimize bank losses through preventative steps actions. The role will proactively identify and address risk issues and weaknesses in existing products, policies, processes, and work with business partners to identify potential risks. The senior analyst will work with a number of business partners in the organization in addressing control deficiencies that may have surfaced through a loss event or internal audit or regulatory review. The role will participate in scenario development and propose solutions for mitigating risk.

The well-qualified manager will bring strong interpersonal skills in collaborating with other bank units and communication skills of listening to internal clients and in explaining highly complex matters to various constituents. A keen eye for detail, strong follow-through, and an ability to clearly articulate thought processes are needed.

A Bachelor’s degree is required and a PRMIA is preferred. A minimum of 5 to 10 years related experience in operational risk, back-office management, investment management, lending operations, technology operations, project management, fraud management, and audit/compliance areas. A minimum of 5 -7 years of demonstrated experience in addressing change management issues, process flow analysis, policy and procedure linkage, system level control analysis and project management methodology. Professional Certifications in Risk Management (PRM, ERM, CIRM, CIRSC, ICBRR) preferred.

FHLB has a flat organization, and this role will have access to directors, vice presidents, CEO, and the governing body of FHLB. FHLB – Chicago is a member-owned wholesale bank that services members in Illinois and Wisconsin. FHLB is proud of having a strong work-life balance and being a mission-oriented company: "Member owned. Member focused."

To submit your confidential resume and learn more about the position represented by DDJ Myers, Ltd., please email FHLBC@DDJMYERS.COM or call (800) 574 8877.


DDJ Myers is the executive search consultant for this organization. Our expertise is in supporting leadership teams in sustainable practices for high-performing organizations through succession planning, leadership development programs, executive coaching, board governance and renewal, and executive search. Please learn more about us at

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