Summer Internship - Credit Risk

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. 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 will not find anywhere else.

You will be engaged in projects that will provide you with real world, hands‑on experience in the exciting world of financial services. We are currently seeking a summer intern to work in our Credit Analysis team.

• Retirement program (401k and Pension)
• Medical, dental and vision insurance
• Lifestyle Spending Account
• Competitive PTO plan
• 11 paid holidays per year

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.

• Utilize Business Intelligence tools find opportunities to enhance Credit Risk analysis and achieve operational excellence
• Perform Financial analysis to make informed decisions regarding our members
• Support cross‑team initiatives and socialize new ideas with stakeholders

• Analyze income statements, balance sheets, and cash flow statements to inform business strategy and decision‑making
• Leverage business intelligence tools such as Tableau and SQL to extract large data sets, perform in‑depth analyses and create reports for internal stakeholders
• Assess performance trends and monitor limits for risk‑taking to minimize the risk of default and loss from credit extended to the Bank’s members
• Research and monitor economic trends using a variety of sources including industry reports, public information, and regulatory insights
• Gain exposure to financial modeling, validation, back‑testing, and bench‑marking

• Enrolled in a undergraduate or graduate program at an accredited institution
• Desired fields of study include Finance, Economics, Mathematics, Statistics, Accounting, or other business‑related discipline
• Should have a GPA of at least 3.0 and be in good academic standing
• Intermediate knowledge of Excel is required

$38,800.00 - $58,100.00. The 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:

To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment, and support for their community investment activities. Simply said, we’re a bank for banks and other financial institutions, focused on being a strategic partner for our members and working together to reinvest in our communities, from urban centers to rural areas.

Created by Congress in 1932, FHLBank Chicago is one of 11 Federal Home Loan Banks, government sponsored in support of mortgage lending and community investment.