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Summer Internship - Member Support and Strategy

Company: Federal Home Loan Bank of Chicago
Location: Chicago
Posted on: September 25, 2022

Job Description:

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 codeSummer Internship - Member Support and StrategyAn internship with FHLBank Chicago is not like your average internship. We can offer you a dynamic, collaborative and team-focused environment you won't find anywhere else. You'll be engaged in projects that will provide you with real world, hands-on experience in the exciting world of financial services. We are currently seeking a summer intern to work in our Member Support & Strategy department. Successful individuals should be following an academic track in Business, Finance, Statistics, Economics, or Accounting.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.The Member Support and Strategy Summer Internship will involve the following:

  • Hands-on experience processing daily trades and collateral valuations
  • Gain an understanding of the various products and services the Bank has to offer, including advances and Letters of Credit
  • Support the resolution of member and counterparty account issues ranging from basic to complex with a high level of service. This may involve working jointly with other departments and/or communicating across groups and outside entities, such as JPMorgan, BNY Mellon and others.
  • Support the flow of documentation and related communication in and out of the Bank.
  • Assisting with new projects and presentationsREQUIREMENTS
    • Applicants should be enrolled in a undergraduate program at an accredited institution
    • Should have a GPA of at least 3.0 and be in good academic standing
    • Desired fields of study include Finance, Economics, Statistics, and Accounting (flexible)How you'll make an impact:
      • This role will play a pivotal part in helping the Bank process investment and derivative transactions for successful downstream reporting.
      • Efficiently delivering valuable products and services through collaboration and critical thinking in order to be a reliable source of liquidity to our members and the communities they serve.
      • Contribute to a high-performing team that is at the forefront of an evolving technological landscape in the banking industry.We are committed to providing a safe work environment for all our employees. The FHLBank Chicago requires all employees, except those who may require accommodations under federal or state civil rights laws, to be fully vaccinated. #LI-Hybrid

Keywords: Federal Home Loan Bank of Chicago, Chicago , Summer Internship - Member Support and Strategy, Other , Chicago, Illinois

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