Jobs at Federal Home Loan Bank of Chicago

Maintain and operate credit risk models for mortgage portfolios; develop alternative credit risk strategies and algorithmic solutions; perform scenario analysis and stress testing (including macroeconomic and climate scenarios); conduct credit reviews for members; collaborate with validators, auditors and regulators; optimize processes using data management and programming tools; diagnose data anomalies and create dashboards for senior management; support MPF product design with analytics.

The Senior IAM Engineer is responsible for implementing and enhancing IAM solutions, supporting application integrations, and ensuring compliance with security protocols while collaborating with various teams.

Lead the bank's quality engineering transformation by designing and maintaining scalable automated test frameworks, integrating continuous testing into CI/CD, executing API and data validation (SQL), mentoring SDETs, driving test strategy (functional, E2E, performance), enabling DevSecOps and AI-assisted testing, and collaborating with cross-functional stakeholders to ensure release readiness, auditability, and reduced production risk.

The Lead DevOps Engineer will oversee code deployment, implement CI/CD processes, enhance security, mentor teams, and drive DevSecOps culture.

Lead and manage daily IAM operations and staff to ensure secure, consistent user access provisioning, RBAC, SoD controls, audit/compliance support, process improvements, IAM tooling integrations, and quarterly access attestation activities.

Sell FHLBank Chicago products to institutional members (banks, credit unions, insurers), develop and execute account plans, cultivate relationships, negotiate pricing and credit terms, collaborate with analytics and credit teams, support marketing and industry events, and travel to meet clients (30–50%).

Lead and mature enterprise Agile delivery across 10+ teams and 100+ applications. Own Azure DevOps standards, delivery metrics, and Agile framework. Coach Scrum Masters and Business Systems Analysts, strengthen stakeholder partnerships, ensure security/compliance in software delivery, and drive cross-team planning, dependency management, and continuous improvement to improve predictability and business outcomes.

The Senior QA Analyst ensures quality testing of Salesforce solutions, leading both manual and automated testing. Responsibilities include designing test strategies, managing test data, and mentoring junior engineers to improve QA processes and standards.

Manage and oversee a team of credit analysts covering depository and CDFI members. Perform credit underwriting, risk ratings, model development, policy implementation, regulatory and senior management reporting, borrower surveillance, and collaborate with relationship managers, IT, and Sales to mitigate credit risk and support strategic projects.

Lead and continuously improve the Bank's strategic planning process, develop and deliver the annual Strategic Plan, coordinate stakeholder engagement and Board/regulatory activities, build performance monitoring and reporting, support strategic initiatives and financial impact analysis, and communicate strategy across the organization to drive alignment, accountability, and execution of strategic priorities.

The Director of Market Risk & Earnings Analysis will manage market activities, design risk frameworks, provide oversight, drive analytics, and collaborate with executives on strategic decisions.

Lead risk-based internal audit projects from planning through reporting, evaluate control design, execute and document testing, prepare audit reports, supervise project teams, identify emerging risks and recommendations, and develop data-analytic tools to inform audit approach and improve operational efficiencies.

Build and lead a new Sales Enablement function: design sales process and Salesforce workflows, create playbooks, training curricula, standardized content and pitchbooks, oversee MORE engagements, and manage a small enablement team to improve member engagement and commercial execution.

The Risk Analyst will model the Bank's future income, oversee income forecasts, conduct risk analysis, and collaborate with stakeholders to assess impacts on investments and hedge strategies.