Don't let our name scare you, we are not your average bank.

With nearly a century of service, FHLBI is one of 11 independent regional cooperative banks across the U.S. Simply put, we're a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. As a cooperative, we are dedicated to strengthening communities throughout our region.

But enough about us, let's talk about you.

Are you looking for a company that views their employees as their greatest asset?

A company that's dedicated to making a difference in the community? So much so they pay their employees to volunteer?

Do you want to join a talented workforce that prioritizes diversity, equity and inclusion, and promotes learning and development, unique skills/ideas, and employee engagement?

If you've said yes to these questions, then we might be a match!

Here is what we offer:

• Flexible hybrid workforce model: Onsite three days a week and two days remote. We also offer five fully remote weeks per year!
• Fantastic, competitive pay and total rewards
• Industry-high 401(k) match: up to 6% PLUSan additional 4% contribution!
• Tuition reimbursement assistance: To help you continue to develop personally and professionally.
• Student loan repayment assistance: That's right, we will help you repay outstanding student loans!
• Awesome Benefits Package: Medical, dental, vision benefits and even pet (you read that right) insurance!
• Generous time off: Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program
• "Dress for your day" dress code: You choose the appropriate work attire based on what your day looks like.

Statistics show that it is less likely for some candidates to submit their application if they don't meet all the criteria within the job description. If this is you, we encourage you to give yourself a chance and submit your application anyways, as you may be the perfect match for this role!

Purpose:

The Senior Operational Risk Analyst is responsible for supporting the Operational Risk Management Group to ensure the Bank's operational risk management program within the Bank adequately identifies, assesses, measures, monitors, and reports operational risks enterprise wide. The Senior Operational Risk Analyst will interact with process owners across the Bank to understand business processes and the risk and control environment and identify process improvements. The Senior Operational Risk Analyst will assist in the preparation, analysis, and reporting of information to management and the Bank's Board of Directors.

The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The Bank reserves the right to alter or amend this description at any time.

Specific Responsibilities:

• Provides support to the Senior Operational Risk Manager with implementing aspects of the operational risk management framework.
• Monitors and follows up on the operational risk events submitted by management to ensure corrective actions occurred. Including a root cause analysis on identified operational risk events.
• Prepares and analyzes data and trends of operational risk events and metrics to identify anomalies or trending concerns.
• Provides monthly reporting to key stakeholders on the status of operational risk events.
• Collaborates with key stakeholders in the identification of risks through risk assessments and measuring the risks utilizing the risk rating methodology.
• Assists in monitoring the implementation of action plans identified from management self-reported issues and risk assessments and perform a quality assurance review of evidence to support issue management regarding closure or completion of remediation plans.
• Maintains the Bank's end user computing inventory utilized by the current tool and performs periodic testing, review and program updates for the end user developed program.
• Completes the quarterly calculation and reporting of the operational risk estimate calculation and provides evidence to the appropriate departments and assists with maintenance and reporting of documentation on an ongoing basis.
• Prepares various operational risk reports for the Bank's Risk Committee, the Board Risk Oversight Committee, and other key stakeholders.
• Perform regular reviews of Operational Risk Management Group procedures to ensure procedures are updated and reflect current practices.
• Other risk management projects and duties as assigned.

Position Requirements:

• Bachelor's degree, along with a minimum of 5 years of operational risk, compliance, or audit experience, in a financial services environment.
• Detail-oriented and ability to assume complex assignments.
• Knowledge of various of scripting languages (i.e. Python) is preferred.
• High degree of initiative, strong analytical skills, excellent oral and written communication skills, and the ability to interact effectively with management.
• Ability to be adaptable and flexible while responding to deadlines on assignments and workflow fluctuations.
• Ability to handle a variety of projects simultaneously.
• Must not have been convicted on any civil or criminal charge that would suggest a risk to Bank security.
• Ability to work full time.
• Ability to uphold and model the Bank's Guiding Principles.

FHLBank is an Equal Opportunity Employer.