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 internship with the Federal Home Loan Bank of 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 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.
Responsibilities include but are not limited to:
Assisting with monthly and quarterly tasks, including external reporting to our regulators, the OF (Office of Finance) and FHFA (Federal Housing Finance Agency)
Learning about the FRS (Financial Reporting) and CRS (Call Reporting) systems as it relates to our monthly and quarterly reporting process
Assisting with Environmental, Social, and Governance (ESG)-related tasks as they become available
Learning about SEC and Regulatory Reporting as it relates to our quarterly (10-Q) and annual (10-K) filings posted to the SEC (Securities and Exchange Commission) website
Assisting with key data submissions, data analysis, and communication with other teams across the organization
Collaborating with key contributors on various files used solely for internal purposes
Communicating with our external auditors, PwC, by providing support and documentation for the group’s audit
Participating in Bank-wide events to learn about a diverse and inclusive culture
Ad-hoc and miscellaneous tasks and projects (to be assigned)
Requirements:
Applicants should be enrolled in an undergraduate program at an accredited institution
Applicants should be at least sophomore status at an accredited four year institution
Should have a GPA of at least 3.0 and be in good academic standing
Must have demonstrated expertise in Microsoft Excel
Desired fields of study include Accounting or General Business
Must enjoy working in a trading floor environment
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
- Enrolled in an undergraduate program at an accredited institution
- At least sophomore status at an accredited four-year institution
- Minimum GPA of 3.0 and good academic standing
- Demonstrated expertise in Microsoft Excel
- Enjoy working in a trading floor environment
- Field of study in Accounting or General Business
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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