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 gives you a unique opportunity to get a firsthand experience about different streams of banking. We offer you a dynamic, collaborative and team-focused environment you will not find anywhere else. You will be engaged in projects that have an impact on the Bank’s risk management and strategic planning as related to various financial risk factors. We are currently seeking a summer intern to work in our Market Risk Earnings Analysis team.
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.
Responsibilities
Analyze report metrics/ create reports to support risk management and/or strategic planning
Help automate process or reporting with RPA or software tools
Gain exposure to different asset classes and bring unique perspective
Create structured documentation related to various processes
Perform analysis on ad hoc projects such as climate risk
Requirements
Strong curiosity about Financial Markets and Financial Risk management
Desired fields of study include Finance, Computer Programming, Mathematics, Statistics, Accounting, or other business-related discipline
Should have a GPA of at least 3.0 and be in good academic standing.
knowledge of Excel, SQL and Python is preferred
Internships will begin May 2026. The start/end date is flexible based on school schedule
How You’ll Make an Impact:
Help MRA create and/or automate process or reporting
Gain exposure to different asset classes and bring unique perspective
Perform analysis on ad hoc projects such as climate risk
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
- Strong curiosity about financial markets and financial risk management
- Currently studying Finance, Computer Programming, Mathematics, Statistics, Accounting, or another business-related discipline
- Minimum GPA of 3.0 and good academic standing
- Knowledge of Excel
- Knowledge of SQL
- Knowledge of Python
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
