Manager Member Financial Strategies

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 Manager, Member Financial Strategies is a senior advisory leader responsible for helping FHLBank Chicago’s depository members (clients consisting of community banks, thrifts, and credit unions across Illinois and Wisconsin) optimize balance sheet performance, manage interest rate risk, and build effective funding and hedging strategies. This role combines deep expertise in asset/liability management (ALM) and rate markets with a strong client-facing orientation, delivering decision-ready insights to CFOs, Treasurers, and ALCOs.

The Manager leads and develops a team of analysts, setting priorities, coaching team members on interest rate risk, liability pricing, and funding market dynamics, and personally owning the development and delivery of member-facing content, including whitepapers, FHLBank product relative value analyses, and executive strategy presentations.

This position sits within the Member Financial Strategies team and reports to the Managing Director of Member Financial Strategies, with cross-functional engagement spanning Sales, Customer Insights, Treasury, Product Development, and Risk teams.

How you'll make an impact:

• Elevate member strategy and customer experience by delivering decision-ready insights to CFO’s and Treasurers.

• Drive thought leadership and innovative solutions to support financial institutions and local communities.

• Cultivate internal talent and deepen institutional knowledge.

What you can expect:

Member Balance Sheet Strategy & Advisory

• Advise members on holistic balance sheet positioning across rate environments, translating macroeconomic outlook into specific funding, hedging, and liability management actions

• Map member liability structures and interest rate risk profiles to specific product solutions, with clear articulation of risk/return trade-offs and implementation considerations

• Lead structured member product forecasts integrating balance sheet trends, product usage data, and sales input to identify actionable funding and hedging opportunities

• Develop member-specific analyses addressing net interest margin (NIM) compression, deposit repricing, liability extension, liquidity positioning, invetsment funding, and capital efficiency

• Conduct ongoing relative value analysis across the Bank’s product suite, evaluating cost of funds, duration, optionality, and risk characteristics relative to member balance sheet object