Are you ready to turn your classroom knowledge into real-world experience?
Do you enjoy collaborating with others and working as part of a team? If so, the Federal Home Loan Bank of Indianapolis (FHLBank) invites you to apply for our 2027 Summer Internship Program!
We’re looking for well-rounded, motivated students to join us for a 10-week paid internship where you’ll gain hands-on technical experience in your field of study, opportunities to develop key professional skills, and valuable networking connections to support future career growth. Beyond traditional internship responsibilities, participants join a cohort of 11 interns across multiple departments, engaging in collaborative group activities while also working closely with their assigned teams to build essential technical and professional competencies. Interns must be located in Indianapolis during the duration of the program and be willing to commit to a hybrid schedule of 3 days in office/2 days remote each week.
What You’ll Experience
Our Market Risk team is responsible for providing financial and analytical information to bank management to support risk and business-related decision-making with a focus on market risk analysis. The role resides in the Enterprise Risk Management (ERM) department, whose primary focus is identifying, measuring, monitoring, and reporting the level and trends of risk within the organization.
As a Market Risk intern at FHLBank, you’ll:
- Get exposure to valuation of financial instruments, financial models, market rates, and risk metrics.
- Work with system solutions that rely on Python, Power BI, MS Excel, and other platforms.
- Learn how banks manager market risk.
- Gain exposure to the finance and banking industry.
- Participate in team-building activities, a group project, a community service event, and professional development sessions (including dining etiquette!).
Who We’re Looking For
We’re seeking students who:
- Are actively enrolled in an undergraduate or graduate degree program.
- Have completed at least their sophomore year of undergraduate studies. Graduate students encouraged to apply!
- Are majoring in Mathematics, Data Analytics, Finance, Economics, Other Quantitative Areas.
- Communicate effectively, both in writing and verbally.
- Work well independently and in team settings.
- Are detail-oriented, organized, and eager to solve problems.
Program Highlights
- 10-week paid internship from June to August.
- Flexible hybrid workforce model: Onsite three days a week and two days remote.
- Competitive hourly rate.
- “Dress for your day” dress code: You choose the appropriate work attire based on what your day looks like.
- Professional development and networking opportunities.
- Inclusive and collaborative work environment.
Ready to apply? Submit your resume! We look forward to learning more about you!
The Federal Home Loan Bank of Indianapolis is an Equal Opportunity Employer.
Skills Required
- Currently enrolled in an undergraduate or graduate degree program
- Completed at least sophomore year of undergraduate studies
- Major in mathematics, data analytics, finance, economics, or another quantitative area
- Effective written and verbal communication skills
- Ability to work independently and in team settings
- Detail-oriented and organized
- Problem-solving ability
- Located in Indianapolis for the duration of the program
- Available for a hybrid schedule of three days in the office and two days remote weekly
- Commitment to the 10-week June through August internship
What We Do
The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) is one of 11 independent regional cooperative banks across the U.S. We’re privately capitalized and owned by our member banks, credit unions, community development financial institutions (CDFIs), and insurers across Indiana and Michigan. As a cooperative, we pass our borrowing benefits in the global debt markets on to our members in the form of lower borrowing costs, which are subsequently passed on to consumers, businesses and communities. Our core mission is to provide a reliable source of liquidity to member banks, credit unions, community development financial institutions, and insurance companies to support housing finance, asset-liability management, and community lending. We also help communities and families through grants and low-cost loans to our members that help support affordable housing and economic development initiatives.
