Join the FHLBC team!

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.

* Medical, dental and vision insurance
* Retirement program (401k and Pension)
* Generous PTO plan
* 11 paid holidays per year
* Hybrid working model (effective February 22, 2022)
* Casual dress code

Summer Internship - Market Risk Analysis

An internship with The Federal Home Loan Bank of Chicago gives you a unique opportunity to get a firsthand experience about different streams of banking. We offer you a dynamic, collaborative and team-focused environment you will not find anywhere else. You will be engaged in projects that have real time impact on the banks portfolio and investment opportunities. We are currently seeking a summer intern to work in our Market Risk Analysis team.

Who are we you ask?

We are a federally chartered corporation and one of 11 Federal Home Loan Banks (FHLBanks) that, with the Office of Finance, comprise the Federal Home Loan Bank System. The FHLBanks were chartered by Congress under the Federal Home Loan Bank Act of 1932 to improve the availability of funds to support home ownership. Each FHLBank is cooperatively owned by member financial institutions in its district and operated as a separate entity with its own management, employees, and board of directors. Our district consists of the states of Illinois and Wisconsin. We are regulated by the Federal Housing Finance Agency, an independent federal agency.

Market Risk Responsibilities

• Analyze daily risk report metrics based on banks investment portfolio
• Help MRA automate process or reporting with RPA or software tools
• Gain exposure to different asset classes and bring unique perspective
• Create a structured documentation for process the MRA team does
• Perform analysis on ad hoc projects such as climate risk

Requirements

• Strong curiosity about Financial Markets, Mathematics and Programming
• Desired fields of study include Finance, Computer Programming, Mathematics, Statistics, Accounting, or other business-related discipline
• Should have a GPA of at least 3.0 and be in good academic standing.
• knowledge of Excel, SQL and Python is preferred
• Internships will begin June 2022. The start/end date is flexible based on school schedule

How You'll Make an Impact:

• Help MRA automate process or reporting with RPA or software tools
• Gain exposure to different asset classes and bring unique perspective
• Perform analysis on ad hoc projects such as climate risk