Our client’s need
Federal Home Loan Bank of Chicago (FHLB Chicago) serves financial institutions in Illinois and Wisconsin. It is one of twelve district banks chartered by Congress in the 1930’s to ensure a secure source of mortgage funds. A wholesale institution with more than $60 billion in assets, it provides liquidity, funding, and asset-liability management to its members.
FHLB Chicago was seeking a new service provider to perform an independent and in-depth assessment of their credit model.
Baker Tilly solution
Baker Tilly assembled a specialized team based on the technical and industry knowledge required for this engagement. They effectively scoped and planned the project, then conducted the credit model assessment and provided recommendations to FHLB Chicago.
The following factors were important in the client’s decision to select Baker Tilly for this project:
- Banking industry expertise
- Risk management and internal controls experience
- Client-focused service approach
The credit model work was completed on time and on budget. Based on FHLB Chicago’s positive experience, additional projects have been identified by the client and are being completed by Baker Tilly professionals.
“We work with a lot of firms, and it’s usually not this easy to get all the benefits we were promised. Your team has been most accommodating and efficient, while sharing a number of quality insights along the way.”
– Tom Harper, Executive Vice President, General Auditor
Federal Home Loan Bank of Chicago
For more information on this topic, or to learn how Baker Tilly banking specialists can help, contact our team.