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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

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 Senior Manager of MPF Business and Transaction Management supports the Mortgage Partnership Finance (MPF) Program by overseeing a variety of financial, mortgage‑related, and business transactions from inception to completion. This role ensures all activities align with MPF program requirements, policies, and strategic objectives. The Senior Manager develops strong internal and external relationships to assess mortgage market conditions, identify partnership opportunities, and advance MPF goals. This position requires a detail‑oriented professional who can coordinate multiple stakeholders, ensure compliance with applicable regulations, and facilitate the seamless execution of transactions. Serving as the primary point of contact throughout the process, the Senior Manager provides expertise, guidance, and problem‑solving support. Additionally, the Senior Manager leads project efforts that support long‑term MPF initiatives and program development and, while this role has no direct reports, it leads major processes and cross‑functional teams..

How you'll make an impact:

• Ensure flawless execution of complex MPF transactions by overseeing every stage-from planning and due diligence to documentation, negotiation, approvals, and closing-strengthening the precision, reliability, and credibility of the MPF Program.
• Accelerate strategic growth of the MPF Program by leading high‑value initiatives, driving cross‑functional collaboration, and cultivating strong internal and external relationships that expand market opportunities, improve processes, and advance long‑term program objectives.
• Reduce organizational risk and enhance partner confidence through meticulous contract review, timely issue resolution, proactive timeline management, and clear, coordinated communication across clients, partners, legal counsel, and internal teams-ensuring consistent compliance and seamless integration.

What you can expect:

• Manage end-to-end transaction processes, including planning, due diligence, documentation, approvals, and closing activities.
• Review, track, and negotiate contracts, purchase and sale agreements, and other documents.
• Monitor project and transaction timelines, milestones and deliverables to ensure deadlines are met.
• Identify and resolve issues or risks that may arise during the transaction process.
• Support post-transaction integration and follow-up activities as needed.
• Coordinate communication among clients, internal teams, external partners, and legal counsel.
• Lead strategic initiatives in support of the mission and vision of the MPF Provider.

What you'll bring:

• Bachelor's degree in Business, Finance, Real Estate, or a related field (Master's preferred) or equivalent work experience.
• 10+ years of in transaction management, deal coordination, or a similar role in financial services, including securitization, whole loan sales and mortgage servicing rights.
• 3+ years of leadership experience directing major processes or leading cross‑functional teams (direct people‑management experience not required).
• Strong knowledge of transaction processes, contract law, and transaction structures.
• Excellent communication, negotiation, and interpersonal skills.
• Exceptional organizational skills and attention to detail.
• Ability to work independently and manage multiple projects simultaneously.
• Proficiency in relevant software applications (e.g., Microsoft Office, transaction management platforms).
• Problem-solving mindset and ability to adapt to changing circumstances.
• Experience working with cross-functional teams and external partners.
• Strong analytical and decision-making abilities.
• Commitment to confidentiality and ethical standards.

The Perks

At FHLBank Chicago, we believe in rewarding our high performing workforce. We offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees. 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. Visit FHLBCbenefits.com for additional details about our benefits. Step into a brighter future with us.

Salary Range:

$151,025.00 - $265,525.00

The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc