Credit Risk Analytics Intern – Markets (Summer)

The Federal Home Loan Bank of Chicago; Chicago (IL); On-site; USD 39,000 - 58,000; Full time

Benefits offered by this job

Retirement program (401k and Pension)

Medical, dental and vision insurance

Lifestyle Spending Account

Competitive PTO plan

11 paid holidays per year

Job summary

The Federal Home Loan Bank of Chicago invites you to join our Markets Credit Team as a Credit Risk Analyst Intern, offering hands-on experience in credit risk modeling and data analytics. You’ll learn about MPF and our investment portfolio while working with seasoned professionals in risk management.

Gain exposure to advanced statistical techniques, with mentorship and real-world financial projects, in a collaborative, in-office environment within our Illinois/Wisconsin district.

Qualifications

• Pursuing a Bachelor's or Master's degree in Mathematics, Finance, Economics, Statistics, Computer Science, or related field.
• Familiarity with mortgage markets and financial products is a plus.
• Basic knowledge of programming and data analytics tools.
• Strong analytical and problem-solving skills.
• Effective verbal and written communication abilities.
• Detail-oriented and self-motivated.

Responsibilities

• Assist in operating and maintaining credit risk models for mortgage loan portfolios.
• Help monitor and report credit risk trends and exposures for mortgage loan and investment portfolios.
• Support development of algorithmic solutions for model implementation and performance monitoring.
• Participate in scenario analysis and stress testing to evaluate portfolio risks.
• Support credit reviews for member institutions.
• Collaborate with validators and auditors to ensure model accuracy and compliance.
• Aid in optimizing business processes through data management and programming tools.
• Conduct ad-hoc analysis as needed.

Skills

SQL

R

Python

Visual Basic

Tableau

Education

Bachelor's or Master's in Mathematics/Finance/Economics/Statistics/Computer Science

Tools

SQL

R

Python

Visual Basic

Tableau

Job description

The Federal Home Loan Bank of Chicago invites you to join our Markets Credit Team as a Credit Risk Analyst Intern, offering hands-on experience in credit risk modeling and data analytics. You’ll learn about MPF and our investment portfolio while working with seasoned professionals in risk management.

Gain exposure to advanced statistical techniques, with mentorship and real-world financial projects, in a collaborative, in-office environment within our Illinois/Wisconsin district.