Audit Manager

Company: Federal Home Loan Bank of Chicago
Location: Chicago
Posted on: May 24, 2025

Job Description:

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 yearWho we are:Our 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 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 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. Visit FHLBCbenefits.com for additional details about our benefits. Step into a brighter future with us.

Keywords: Federal Home Loan Bank of Chicago, Milwaukee , Audit Manager, Executive , Chicago, Wisconsin