Manager Business Risk Management

About the role

The Manager, Business Risk Management (BRM) leads the Bank’s dedicated first-line risk function within the member-facing business, owning product suitability, exception handling, governance and controls, and 7th District Mortgage Partnership Finance® (MPF®) oversight.

Responsibilities

• Own, maintain, and continuously improve the member appropriateness framework governing advances, letters of credit, community investment products, derivatives and structured funding and hedging solutions
• Review proposed member transactions and solution designs for suitability, appropriate risk/return characterization, and alignment with member objectives and the Bank’s risk appetite
• Partner with Solutions and Sales to embed suitability checkpoints into the member engagement and transaction lifecycle without compromising responsiveness
• Document suitability determinations with clear, audit-ready rationale and conditions
• Adjudicate first-line exceptions, documenting rationale, conditions, approvals, and escalation paths with audit-ready clarity
• Maintain governance and control documentation—policies, procedures, and control inventories—for first-line activities
• Track, age, and report open exceptions and remediation items to leadership and the Second Line of Defense
• Identify control gaps and drive practical remediation that strengthens the control environment without impeding the business
• Design, produce, and interpret KRI and first-line risk reporting, surfacing emerging exposures, trends, and limit pressures
• Conduct exposure analysis and apply quantitative risk fundamentals to first-line decisions
• Translate risk data into concise, decision-ready reporting for leadership, 2LOD, and applicable committees
• Monitor adherence to limits, policies, and risk appetite, escalating breaches promptly
• Provide first-line oversight of 7th District MPF activity, ensuring program execution aligns with guidelines, controls, and risk standards
• Coordinate with MPF Sales and Risk Management to monitor program risk and resolve issues
• Maintain oversight documentation and reporting that withstands audit and regulatory review
• Serve as the credible first-line counterpart to the Second Line of Defense, Internal Audit, and Regulators
• Translate supervisory expectations and the three-lines-of-defense model into practical first-line controls and execution discipline
• Respond to audit and examination requests with timely, complete, and well-organized documentation
• Directly manage and develop the BRM Analyst: set priorities, allocate workloads, and maintain high standards of analytical rigor
• Coach team members on applied risk management, KRI construction, exposure analysis, and framework execution
• Review and quality-control all first-line documentation and reporting prior to distribution

Requirements

• Bachelor’s degree in Finance, Economics, Accounting, Risk Management, Mathematics, or a related field
• Advanced degree or relevant professional certification (FRM, CFA, PRM, CRCM) preferred
• 7+ years of professional experience in risk management, controls, audit, compliance, or a first- or second-line risk function at a bank, FHLBank, broker-dealer, or financial institution, including 1–3 years of people leadership experience
• Demonstrated experience designing or executing risk frameworks—suitability, exception, KRI, or controls frameworks—within a business or risk function
• Familiarity with FHLBank products (advances, letters of credit, interest rate derivatives) and/or the MPF program preferred
• Prior experience interfacing with second-line risk, Internal Audit, and regulators
• Applied first-line risk management within business operations, with the judgment to embed effective controls without unnecessarily impeding the business
• Strong quantitative risk fundamentals, including KRIs, exposure analysis, and limit monitoring
• Regulatory and supervisory fluency, including the three-lines-of-defense model, FHFA expectations, and applicable safety-and-soundness standards
• Framework design and execution discipline, with consistently audit-ready documentation
• Credibility and partnership with the Second Line of Defense, Internal Audit, members, and examiners
• Sound, defensible judgment under ambiguity, particularly in adjudicating exceptions
• Exceptional written and verbal communication skills, with the ability to present risk positions clearly to leadership and control partners
• Proven ability to set direction, manage workloads, and develop talent within an analytical team

Qualifications

• Experience with FHLBank products (advances, letters of credit, interest rate derivatives) and/or the MPF program
• Experience interfacing with second-line risk, Internal Audit, and regulators
• Experience with risk management frameworks, including suitability, exception, KRI, or controls frameworks
• Experience with quantitative risk fundamentals, including KRIs, exposure analysis, and limit monitoring
• Experience with regulatory and supervisory fluency, including the three-lines-of-defense model, FHFA expectations, and applicable safety-and-soundness standards
• Experience with framework design and execution discipline, with consistently audit-ready documentation
• Experience with sound, defensible judgment under ambiguity, particularly in adjudicating exceptions
• Experience with exceptional written and verbal communication skills, with the ability to present risk positions clearly to leadership and control partners
• Experience with setting direction, managing workloads, and developing talent within an analytical team

Skills

• Risk management
• Controls
• Audit
• Compliance
• First- or second-line risk function
• Member-facing business
• Product suitability
• Exception handling
• Governance and controls
• 7th District Mortgage Partnership Finance® (MPF®) oversight
• Team leadership
• Talent development

Benefits

Our retirement program includes a 401(k) and pension plan. Our wellbeing program supports employees at work and in their personal lives: Our PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year; our Lifestyle Spending Account provides an annual stipend for employees to support wellbeing activities; and our central downtown location at the Old Post Office provides easy access to public transportation and breathtaking views from our award-winning rooftop.

Pay

$125,825.00 - $221,275.00

Schedule

N/A