The Federal Home Loan Bank of Chicago is a $81.8 billion wholesale bank and one of 11 district banks chartered in 1932 by the U.S. Congress to improve the availability of funds to support home ownership. The FHLB Chicago is a member-owned cooperative serving members in our district of Illinois and Wisconsin. All federally insured depository institutions, insurance companies engaged in residential housing finance, credit unions, and community development financial institutions located in our district are eligible to apply for membership. Today, the FHLBank System, which is regulated by the Federal Housing Finance Agency, has more than 7,200 members. As a part of the Middle Office team, the Treasury Operations Specialist will engage in customer interaction, trade entry, and related trade transaction activities. The right candidate will preferably have an operations background, strong analytical skills, and needs to be able to work efficiently in a time sensitive work environment. This is a junior-level opportunity, and recent college graduates are encouraged to apply. ESSENTIAL DUTIES AND RESPONSIBILITIES Ensure trade compliance by monitoring limits, approvals, and performing reporting. Perform reconciliations and account balancing using Microsoft Excel, Access and SQL. Help facilitate the implementation of new systems and required changes to procedures. This includes an active role in our banking software system through ongoing enhancements and system testing. Supervise the delivery of exceptional client service. Monitor communication between the Credit, Finance, Technology, Front Office and Middle Office. Ensure service delivered by the Middle Office to the Front Office and other internal customers exceed expectations. Resolve complex and/or urgent problems on a daily basis. Participate in various projects and initiatives to support Middle Office Operations and the other business units. This may include projects pertaining to the structure of Middle Office, operational flows and systems, rollout of new products and services, etc. Accurate entry and verification of financial transactions (i.e. Fed Funds, ISDA Collateral, Derivatives and Asset Backed Securities).Display understanding of and adherence to internal controls as well as relevant regulatory guidelines and controls and promote the awareness of the same. Other duties as assigned related to trade operations and systems. EDUCATION AND EXPERIENCE REQUIREMENTS: Bachelor's degree or equivalent experience in computer science, finance, accounting, or investments Recent college graduates encouraged to apply Experience on a trade desk is a plus Knowledge of derivative products is a plus SOFTWARE REQUIREMENTS Strong Microsoft Office Excel or Access skills SQL background a plus Bloomberg terminal background a plus Knowledge/experience with Summit software a plus. KNOWLEDGE, SKILLS, ABILITIES AND BEHAVIORS REQUIRED Detail-oriented, energetic, and organized Creative in generating and implementing methods to enhance processes and increase productivity Excellent communication and interpersonal skills Ability to partner with teams across Operations, technology, Credit, finance and the front office Ability to prioritize in a deadline focused environment Highly motivated and proactive to improve upon existing processes Strong analytic skills Easily adaptable to changing circumstances and diverse personalities
The Federal Home Loan Bank of Chicago is a $72.0 billion wholesale bank and one of 11 district banks chartered in 1932 by the U.S. Congress to improve the availability of funds to support home ownership. The FHLB Chicago is a member-owned cooperative serving members in our district of Illinois and Wisconsin. All federally insured depository institutions, insurance companies engaged in residential ...housing finance, credit unions, and community development financial institutions located in our district are eligible to apply for membership. Today, the FHLB System, which is regulated by the Federal Housing Finance Agency, has more than 7,500 members.
The FHLB Chicago strives to be a valuable partner to our member financial institutions in Illinois and Wisconsin during all phases of financial and economic cycles. The mission of the Federal Home Loan Bank of Chicago is to partner with our member shareholders in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment in the Bank, and support for community investment activities.
The Federal Home Loan Bank of Chicago is committed to diversity at all levels of our organization from the employees we hire to the programs, institutions, and businesses we support. Our goal is to recruit, hire, and develop talented staff and to offer a work environment that allows them to do their best work.