Federal Home Loan Bank of Chicago · 1 day ago
Middle Office Support Specialist
Chicago, IL
Full-time
Hybrid
Entry Level
$56K/yr - $84K/yr
1+ years expFederal Home Loan Bank of Chicago is a government-sponsored bank focused on providing competitively priced funding and support for community investment activities. The Middle Office Support Specialist is responsible for timely and accurate trade entry, overseeing the entire trade lifecycle, and ensuring a strong control environment throughout the process.
Banking
Responsibilities
Facilitate the processing of all the Bank’s capital market related transactions which have a direct impact on downstream financial reporting
Enhancing efficiency through collaboration with multiple stakeholders by continually seeking ways to streamline processes and improving workflows
Contribute to operational excellence by maintaining a strong control environment throughout the trade lifecycle, reducing errors, and supporting compliance with internal policies
Work with other Middle Office team members to ensure the timely, accurate entry and verification of all trades entered into the Summit system
Perform necessary Middle Office tasks to ensure stability of work and have direct contribution to operational control framework
Amend positions in systems (including input, cancellations, edits of trades, etc.) according to the defined procedure and event
Perform and review necessary reconciliations and investigate any outstanding reconciling items
Daily interaction and communication with trading desks on executed trades
Work closely with accounting to resolve any accounting related breaks
Understand system flow and front to back operations of trade processing, including settlements and confirms
Investigate transaction issues and ensure all issues are dealt with effectively and resolved accordingly in a timely manner
Ongoing enhancement of existing processes and procedures
Assist with ad hoc inquiries
Qualification
Required
Bachelor's Degree, preferably in Accounting, Finance, or Information Systems or 1-3 years of equivalent experience
Intermediate MS Office skills in Excel, Word, Outlook. Pivot table analysis and building macros with VBA a plus
Experience in SQL coding, data analysis, strong understanding of relational database design a plus
Knowledge of Summit system experience, understanding of Summit trade configuration and setup a plus
Knowledge of financial transactions including fixed income and derivatives
Strong communication skills and comfortable cultivating relationships with peers and all levels of management
Detailed-oriented with the ability to independently prioritize and manage competing priorities, identify and resolve issues with limited supervision
Analytical and quantitative aptitude
Adaptability to learn new tasks & demonstrate willingness to understand the details of a process
Ability to examine a process and explain it to others
A trusted, reliable and creative team member
Benefits
Retirement program (401k and Pension)
Medical, dental and vision insurance
Lifestyle Spending Account
Competitive PTO plan
11 paid holidays per year
Company
Federal Home Loan Bank of Chicago
Our Mission: To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment in the Bank, and support for their community investment activities.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Eric Geiger
Chief Technology Officer
Mike Zeifert, CFA
SVP, Chief Credit Officer
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