Jobs at Federal Home Loan Bank of Chicago

Summer intern supporting collateral operations and safekeeping activities, including monitoring collateral positions, reconciling pledged assets, processing securities and cash transactions, and assisting with derivative collateral management. The role provides exposure to credit risk, financial institution operations, mortgage and securities collateral, regulatory compliance, internal controls, data analysis, reporting, and process improvement. The intern collaborates with Credit, Accounting, transaction, support, and sales teams.

Summer sales intern supporting Sales Directors in promoting banking products, developing credit solutions, strengthening client and influencer relationships, and supporting marketing events. The intern will collaborate across departments, participate in client visits and trade association events, research bank-related topics, and present findings to executives. Candidates should be undergraduate students studying finance, economics, statistics, accounting, business, or a related field.

Entry-level rotational program for college graduates across financial analytics, reporting, banking operations, and customer support. Analysts prepare financial statements, create reports, process transactions, assist customers, resolve inquiries, monitor metrics, and analyze quantitative and qualitative data for risk-aware decision-making. The role requires strong communication, attention to detail, critical thinking, collaboration, and compliance with policies and regulations.

Two-year quantitative rotation across market risk, model risk, credit, and capital markets. Responsibilities include risk analysis, model validation, portfolio valuation, financial modeling, data extraction, reporting automation, market research, pricing, compliance, and support for liquidity and hedging strategies. The role develops analytical tools, monitors interest-rate and prepayment models, evaluates mortgage and fixed-income exposures, and collaborates with internal teams and external counterparties.

Summer marketing and events intern supporting end-to-end planning for conferences, client dinners, corporate events, webinars, and trade association activities. The role assists with event logistics, marketing strategy, websites, apps, email campaigns, and customer journeys using Cvent, Attendee Hub, and Salesforce. Responsibilities include coordinating with internal departments, managing multiple projects, and occasional travel to out-of-town events.

Supports the Market Risk Earnings Analysis team by analyzing risk metrics, creating reports, automating processes with Excel, SQL, Python, or RPA, documenting procedures, and contributing to ad hoc financial risk projects such as climate risk analysis. The internship provides exposure to financial markets, asset classes, risk management, and strategic planning.

Summer Internal Audit Intern assisting with audit tasks, control issue identification, recommendations, assurance activities, and data analytics use cases. The intern will gain hands-on financial services experience, collaborate with audit and fellow interns, contribute to process improvements, and complete a capstone project. Applicants must be enrolled undergraduates with at least a 3.0 GPA, strong communication skills, and an interest in banking, finance, or auditing.

Supports enterprise risk management activities, including operational risk assessments, event data collection, risk metrics, procedures, vendor risk management, business resiliency, and risk reporting. The intern contributes to process optimization projects, evaluates operational risk exposure, maintains risk management tools, and helps develop solutions that improve oversight and business outcomes.

Summer intern supporting Mortgage Partnership Finance operations. Responsibilities include analyzing and improving mortgage processes, tracking performance metrics, supporting data-informed decisions, collaborating across operations teams, and learning the mortgage lifecycle. The role offers hands-on experience in financial services and is intended for a college junior in good academic standing with interest in finance, accounting, business, or mortgage operations.

Summer software development intern responsible for designing and developing full-stack financial applications using Angular, .NET Core, C#, JavaScript, REST, and SQL. The role includes participating in Agile Scrum, DevOps, CI/CD, infrastructure-as-code, Git collaboration, troubleshooting, and unit testing. Candidates gain hands-on technology experience in a collaborative financial-services environment.

Accounting intern supporting accounts payable, invoice processing, supplier payments, journal vouchers, general ledger reconciliation, budget analysis, variance reporting, procurement, vendor management, and internal reporting. The role includes analyzing data, creating reports and presentations, learning Tableau, supporting internal accounting procedures, and assisting with audit-related activities and administrative assignments.

Summer intern supporting the Credit Analysis team by analyzing financial statements, assessing member credit risk, monitoring performance trends and limits, researching economic conditions, and using Tableau, SQL, and Excel to analyze data and create reports. The role also provides exposure to financial modeling, validation, back-testing, benchmarking, and cross-team initiatives.

Supports monthly and quarterly financial, regulatory, SEC, and ESG reporting activities. Assists with data submissions, analysis, internal documentation, auditor requests, and communications across teams. Learns FRS and CRS reporting systems, supports 10-Q and 10-K filings, collaborates with external auditors, and participates in organizational projects and events.

Supports process optimization initiatives through project management, process standardization, change management, business analytics, process-flow documentation, data analysis, recommendation development, stakeholder collaboration, solution implementation, and Lean Six Sigma training facilitation.

Supports the Markets Credit Team through credit risk modeling, portfolio monitoring, scenario analysis, stress testing, credit reviews, and ad hoc financial analysis. The intern helps maintain mortgage portfolio models, develops algorithmic monitoring solutions, supports model validation and compliance, and improves processes using data management and programming tools. The role provides exposure to mortgage markets, financial products, statistical techniques, and regulatory risk management.

Leads enterprise quality engineering across Workday, HR, Finance, ERP, SaaS, API, and integration platforms. Designs scalable automated test frameworks, test plans, CI/CD quality gates, performance testing, test data and environment strategies, and DevSecOps controls. Partners cross-functionally to prevent defects, measure quality, support audit readiness, and ensure production readiness. Performs hands-on coding and automation while mentoring Quality Engineers and SDETs, leading testing and UAT, and driving continuous improvement and AI-assisted engineering adoption.

The Senior Data Analyst transforms complex mortgage, financial, and operational data into actionable insights for the Mortgage Partnership Finance program. Responsibilities include portfolio and risk analysis, forecasting, dashboard and scorecard development, automated reporting, data validation, governance, and executive presentations. The role collaborates with Risk, Finance, Business Intelligence, Data Management, Member Services, and Mortgage Operations teams while mentoring junior analysts and interns.

Organizes business requirements and user stories for Salesforce delivery. Evaluates Salesforce business processes, identifies improvement opportunities, facilitates stakeholder workshops, and supports actionable change. Gathers requirements aligned with business objectives, develops change management strategies, creates current- and future-state process flow diagrams, and interprets data schema diagrams. Collaborates with product owners, stakeholders, and delivery teams to support Agile development across Salesforce clouds.

Sell FHLBank Chicago products to institutional members (banks, credit unions, insurers), develop and execute account plans, cultivate relationships, negotiate pricing and credit terms, collaborate with analytics and credit teams, support marketing and industry events, and travel to meet clients (30–50%).

Leads the Bank’s mortgage analytics and insights organization, overseeing managers and analysts who evaluate MPF and residential mortgage portfolios. Provides strategic analysis of portfolio performance, credit and market risks, mortgage trends, and regulatory developments. Advises senior leaders, regulators, rating agencies, and the Board; oversees reporting, regulatory submissions, advanced analytics, AI, automation, and process improvements. Responsible for organizational design, talent development, performance management, succession planning, and executive communication.