Member Financial Operations Intern

FHLB Des Moines; Des Moines, Northern (IA, KY); Hybrid; USD 25,000 - 36,000; Full time

Job summary

FHLB Des Moines is seeking an intern to support the Member Financial Operations (MFO) division. The role involves daily transaction support, data analysis for efficiencies, and assisting with regulated procedures to benefit the Bank and its members.

Responsibilities include collaborating with MFO teams, responding to member inquiries, monitoring risk issues, and aiding audits. Proactive contributors with attention to detail will thrive in this fast-paced environment.

Qualifications

• Pursuing a bachelor’s degree in business, accounting, or finance.
• Proficient with Word and Excel; SQL a plus.
• Strong attention to detail and ability to work independently.
• Excellent written and verbal communication skills.

Responsibilities

• Collaborate with the Member and Financial Operations (MFO) teams to support daily operations, quality control initiatives and various projects.
• Respond to member correspondence requests for information.
• Monitor, identify, and report on emerging issues related to members and other business partners to ensure Anti-Money laundering, OFAC, fraud or other risk issues are escalated and addressed on a timely basis.
• Assist with pulling data for Internal and External Audit requests.
• Contribute to projects and the development of solutions to improve effectiveness of processes, reduce risk and promote efficiencies.
• Other duties as assigned.

Skills

MS Word

MS Excel

SQL

Attention to detail

Multi-tasking

Communication skills

Independent work

Education

Bachelor’s degree in business, accounting or finance

Tools

SQL database

Job description

At FHLB Des Moines, we work each day to develop an inclusive culture that supports and leverages the complexity of a diverse workforce. This enables us to effectively serve the needs of our members and help them succeed. The Federal Home Loan Bank of Des Moines is looking for an intern to support the Member Financial Operations (MFO) division. Common duties include daily transaction support and validations, analyzing operational data and procedures for efficiencies and project support. This individual would be responsible for performing many highly regulated functions to benefit the Bank and its members.

Accountabilities: Key Responsibilities:

• Collaborate with the Member and Financial Operations (MFO) teams to support daily operations, quality control initiatives and various projects
• Respond to member correspondence requests for information.
• Monitor, identify, and report on emerging issues related to members and other business partners to ensure Anti-Money laundering, OFAC, fraud or other risk issues are escalated and addressed on a timely basis.
• Assist with pulling data for Internal and External Audit requests.
• Contribute to projects and the development of solutions to improve effectiveness of processes, reduce risk and promote efficiencies.
• Other duties as assigned.

Requirements:

• Proficient computer skills including Word and Excel; SQL database experience a plus.
• Ability to multi-task in fast paced environment, think critically, take initiative and work independently with strong attention to detail.
• Working towards a bachelor’s degree in business, accounting or finance.
• Compliance background, focusing on Anti-Money Laundering, Fraud and Financial and government regulations are a plus.
• Excellent written and verbal communication skills.
• Ability to engage others respectfully, self-motivate, and has strong organization and presentation skills.

Compensation Range:

Hourly: $22.00 - $22.00 This compensation range represents the Bank’s good faith and reasonable estimate of possible compensation at the time of hire. Offer to be determined by selected applicant’s education, experience, knowledge, skills & abilities, as well as internal equity and alignment with market data.

At FHLB Des Moines, we work to create an inclusive culture. This enables us to effectively serve the needs of our members and help them succeed.

FHLB Des Moines is proud to be an Equal Opportunity Employer. We prohibit discrimination on the basis of race, color, religion, sex (including pregnancy, sexual orientation or gender identity), national origin, age, disability, veteran status, genetic information (including family medical history), status as a parent or any other characteristic protected by federal, state or local law.

Time and again, our employees say one of the biggest reasons they love working at FHLB Des Moines is the people. That’s why we hire the best people — smart, innovative and collaborative. Employees who help make it a great place to work. Here, employees can be inspired, be valued, be supported, be challenged, and be rewarded.