Long-Term Model Risk Intern

Are you interested in an internship that provides you an opportunity to turn your related coursework into real-world business experiences? Do you thrive on fostering collaboration with others and working with a team? The Federal Home Loan Bank of Indianapolis is seeking well-rounded and motivated individuals to join our team. The student filling this position will handle a wide range of important duties.

We seek individuals who thrive in challenging and diverse environments, are motivated goal achievers, and have a willingness to learn.

• Assist with model validations and performance monitoring for asset-liability management, derivative pricing, mortgage prepayment, credit risk, and stress testing models
• Assist with the development of benchmarking models, including ML/AI models.
• Perform data ETL, analysis, visualization, and reporting.
• Conduct research on modeling topics.
• Other duties as assigned.

• Effective written and oral communication skills.
• Ability to take instructions and work independently, as well as in a team setting.
• Strong organizational skills with attention to detail.
• Analytical skills and critical thinking.
• Strong mathematical/statistical/machine learning background.
• Proficiency in Python or a similar programming language.
• Understanding of financial market concepts, fixed-income analytics, mortgage valuation, stress testing, and credit risk.

Interns are paid a competitive hourly rate. Interns work a minimum of 20 hours per week during Spring/Fall semesters and full-time (40 hours per week) during the summer (June - August). Continuation of the internship is evaluated every three months. Our intern program is for students who are currently enrolled in a graduate degree program in Financial Engineering/Mathematical Finance, Statistics, Mathematics, Economics, Computer Science, or similar quantitative disciplines.

Ability to work at least one day per week from the office while working part-time, and ability to work at least three days per week from the office while working full-time. Must be located in or around the Indianapolis area OR be willing to relocate to adhere to our Hybrid Workforce Model.

The Federal Home Loan Bank of Indianapolis is an Equal Opportunity Employer. The Federal Home Loan Bank of Indianapolis focuses on recruiting, hiring, developing, and retaining a talented workforce by providing an environment that enables them to succeed. Equal opportunity and an inclusive culture are essential to building and maintaining our competitive edge - and are key to our current and future individual and business successes.

To provide bank staff with both personal and professional growth, FHLBank Indianapolis offers excellent training and mentoring programs. Our current qualified staff includes more than 200 people with a wide range of abilities and backgrounds.