Manager Financial Planning & Analysis - Information Technology

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 year

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Who 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

The FP&A Manager – Information Technology is responsible for leading financial planning, forecasting, and performance management in support of the Bank’s IT organization. This role partners closely with IT leadership to translate technology strategy, operating plans, and delivery roadmaps into disciplined financial targets, while ensuring strong cost transparency, data integrity, and actionable insights. The role serves as the primary finance business partner for IT, supporting investment decisions, resource allocation, and executive level reporting in a regulated financial institution.

How you'll make an impact:

• Drives informed IT investment decisions by delivering clear budget to actual and forecast variance analysis, identifying key cost drivers, trends, and emerging risks across technology spend.

• Provides forward looking insights through scenario and sensitivity analysis to support prioritization of IT initiatives, capacity planning, and funding trade offs.

• Acts as a trusted finance partner to IT leadership, advising on cost management, vendor spend, project timing, and run the bank versus change the bank investments.

• Strengthens accountability by linking financial results to IT operational drivers, project delivery milestones, and service outcomes.

• Enables executive and Board visibility into IT financial performance through consistent, high-quality management and executive reporting.

• Improves financial discipline and transparency by standardizing IT budgeting and forecasting assumptions, methodologies, and documentation.

• Ensures alignment across Finance by partnering with Accounting on capitalization, expense treatment, and reconciliation between planning outputs and financial reporting.

• Enhances efficiency and control by identifying automation opportunities and improving FP&A processes supporting IT.

What you can expect:

• Lead the annual budget and planning process, including timeline management, assumption development, and cost center inputs, with a focus on establishing a framework that supports in‑year funding decisions through quarterly reviews and scenario-based trade‑off analysis.

• Conduct regular technology spend and funding reviews with IT, leveraging actuals, forecasts, and prioritization discussions to inform ongoing investment decisions and reallocation.

• Partner with initiative owners to define measures of success associated with business case definition for cost benefit evaluation and assess return on in