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.
Collaborative, in-office operating model
Retirement program (401k and Pension)
Medical, dental and vision insurance
Lifestyle Spending Account
Competitive PTO plan
11 paid holidays per year
An IT internship with the Federal Home Loan Bank of Chicago is not your average internship. You'll join a collaborative, team-focused environment and get real-world, hands-on experience with cybersecurity in financial services. As our Cybersecurity intern, you'll support Vulnerability Management, Security Awareness, and Third-Party Risk, and you'll also work with other security teams.
Who We Are
The Federal Home Loan Bank of Chicago is one of 11 Federal Home Loan Banks. Congress chartered the FHLBanks in 1932 to improve the availability of funds that support home ownership. We are cooperatively owned by member financial institutions in Illinois and Wisconsin and regulated by the Federal Housing Finance Agency.
Duties
Vulnerability Management
· Coordinate with IT teams to remediate vulnerabilities and track them to closure
· Prioritize scan results using a risk-based approach
· Research new vulnerabilities and assess their impact
Security Awareness
· Investigate suspicious emails reported by employees
· Design and analyze a simulated phishing campaign
· Create training content and identify topics for future campaigns
· Design a tabletop exercise based on a real-world threat scenario
Third-Party Risk
- Assist with third-party security assessments for vendor due diligence and ongoing monitoring
Metrics & Reporting
- Build dashboards and visualizations that show vulnerability trends, phishing results, and risk reduction
Additional Exposure
· Gain exposure to Solutions Architecture, Identity & Access Management, Security Engineering, Threat & Incident Response, and IT Risk & Compliance through shadowing opportunities, based on team availability
· Present a capstone project to Information Security Leadership
Requirements
· Enrolled at an accredited four-year institution with a GPA of 3.0 or higher
· Pursuing a degree in Computer Science, Computer Engineering, IT Security, MIS, or another technical discipline
· Strong communication skills and a clear goal of building a career in information security
Preferred
- Coursework in networking, operating systems, or security fundamentals
- Progress toward CompTIA Security+ or ISC2 CC
- Experience building reports or dashboards in Power BI or Tableau
Hands-on security experience through Capture the Flag (CTF) competitions, cybersecurity
Salary Range:
$38,800.00 - $58,100.00The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc
Skills Required
- Enrollment at an accredited four-year institution
- Minimum GPA of 3.0
- Pursuing a degree in Computer Science, Computer Engineering, IT Security, MIS, or another technical discipline
- Strong communication skills
- Clear goal of building a career in information security
- Coursework in networking, operating systems, or security fundamentals
- Progress toward CompTIA Security+ or ISC2 CC
- Experience building reports or dashboards in Power BI or Tableau
- Hands-on security experience through Capture the Flag competitions
What We Do
Our Mission: To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment in the Bank, and support for their community investment activities

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