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Full-Time

Corporate Governance Manager

Posted on 10/25/2024

FHLBank Chicago

FHLBank Chicago

501-1,000 employees

Government & Public Sector
Financial Services

Senior

Chicago, IL, USA

Hybrid working model.

Category
Risk & Compliance
Legal & Compliance
Required Skills
Word/Pages/Docs
Excel/Numbers/Sheets
Requirements
  • Bachelor’s degree
  • Paralegal certificate, or at least 7-10 years experience as a paralegal in-house or at a law firm
  • Law related degree, a plus
  • 10+ years’ experience in-house or at a law firm in Corporate Governance
  • Expert proficiency in MS Word, Excel, PowerPoint, and Outlook, as well as other current software applications
  • Knowledge and understanding of corporate governance practices
  • Prior experience supporting boards of directors and executive management, including preparing meeting agenda and materials and taking minutes
  • Excellent writing and proofreading skills with high proficiency and attention to detail
  • Ability to think, work and act independently using good business acumen and judgment
  • Interpersonal skills with a high-level verbal communication in dealings with executives, including Directors
  • Excellent speaking and listening skills
  • Strong presentation skills
  • Ability to work well under pressure and maintain composure
  • Experience and comfortable working with senior leadership
  • Exceptional planning and organization skills; ability to plan, coordinate and monitor a significant number of simultaneous tasks in an environment of shifting priorities with a high level of detail
Responsibilities
  • Ensure the Bank’s continued adherence to key governance principles and regulatory requirements
  • Provide the Board the highest quality support and assist them in performing their fiduciary duties
  • Provide support to the Corporate Secretary and manage the effective governance of the Executive Team, Board of Directors, and related management and board committees and subcommittees
  • Prepare for and manage the effective execution of all Board of Directors meetings, Committee meetings and related events
  • Prepare Board agendas and materials for review by Corporate Secretary, prepare or coordinate preparation of agendas by Executive Team members, and coordinates final distribution of Board material and/or committee materials, as necessary
  • Writes meeting notices and cover memos for Board materials
  • Draft and finalize minutes from Board and Committee meetings, which require a determination of what is important to record, the level of detail to record, and sensitivity to confidential matters
  • Prepare resolutions, as necessary, and coordinate review of associated delegations of authority. Manage copies of such documents, including posting electronically in various bank platforms
  • Monitor board committee charter responsibilities, maintains Board cumulative calendar, and works with executive team members to ensure that mandatory items are addressed
  • Oversee management of corporate documents and records, including materials posted electronic platform for Board materials and meetings
  • Develop a tailored training program for the Board of Directors, including but not limited to, corporate governance principles, regulatory compliance, and Bank structure. Fosters continued learning by coordinating regular training opportunities
  • Independently manage operational and administrative duties for the Office of the Corporate Secretary
  • Communicate directly with Executive Team members, senior management, and directors
  • Oversee Board compensation procedures and payments; approve expense reimbursements and related regulatory reporting prepared by the Corporate Governance Specialist
  • Design, develop, and implement governance frameworks that align with the Bank’s policies, legal, and operational requirements
  • Maintain best practices, including for preparing minutes, and compliance requirements, such as reporting, for board- and management- level committee meetings, and organize training sessions for Bank staff to align with such practices and requirements
  • Manage Board self-assessment and other governance programs, including director elections; develops and coordinates training programs
  • Manage the cost center and operating expenses for the Office of the Corporate Secretary
  • Perform other functions, projects, and duties as assigned

Company Stage

N/A

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

N/A

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
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Simplify's Take

What believers are saying

  • FHLBank Chicago's robust financial performance, with a net income increase to $182 million in Q1 2024, indicates strong financial health and growth potential.
  • The bank's significant investment in affordable housing and community development, including $2.4 billion in discounted lending, showcases its dedication to social responsibility and community impact.
  • Expanding grant programs and increased funding limits offer employees opportunities to engage in meaningful work that directly benefits local communities.

What critics are saying

  • The reliance on grant programs and community-focused initiatives may expose FHLBank Chicago to financial risks if economic conditions worsen.
  • The competitive landscape in financial services could challenge FHLBank Chicago's ability to maintain its unique position and continue attracting new members.

What makes FHLBank Chicago unique

  • FHLBank Chicago's focus on affordable housing and community development sets it apart from traditional banks, emphasizing social impact over mere financial returns.
  • Their innovative programs like the Low-Income Housing Tax Credit Collateral Pilot Program and Downpayment Plus® grant programs provide unique financial solutions tailored to community needs.
  • The bank's commitment to fostering an inclusive culture and supporting local economies through substantial grant funding distinguishes it from competitors.

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