Summer Internship - Credit Risk

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

Benefits offered by this job

401k and Pension

Medical, dental and vision insurance

11 paid holidays

Paid time off

Summer internship program

Job summary

Federal Home Loan Bank of Chicago is seeking a summer intern to join the Credit Analysis team in a collaborative, in-office environment in Illinois. You will work on financial analyses, risk assessment, and BI-driven reporting for member institutions.

The role emphasizes using Tableau and SQL to extract data, analyze statements, and benchmark performance. Requires enrollment in an undergrad/grad program, a minimum 3.0 GPA, and intermediate Excel skills.

Qualifications

• Enrolled in an undergraduate or graduate program at an accredited institution.
• GPA of at least 3.0 and in good academic standing.
• Intermediate knowledge of Excel is required.

Responsibilities

• Analyze income statements, balance sheets, and cash flow statements to inform business strategy.
• Leverage BI tools (Tableau, SQL) to extract data and create internal reports.
• Support cross-team initiatives and socialise new ideas with stakeholders.
• Monitor risk trends to minimize default and loss for members.

Skills

Excel

Education

Undergraduate or Graduate program

Job description

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 modelRetirement program (401k and Pension)Medical, dental and vision insuranceLifestyle Spending AccountCompetitive PTO plan11 paid holidays per yearAn 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.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.How you’ll make an impact:Utilize Business Intelligence tools find opportunities to enhance Credit Risk analysis and achieve operational excellencePerform Financial analysis to make informed decisions regarding our membersSupport cross-team initiatives and socialize new ideas with stakeholdersCredit Risk ResponsibilitiesAnalyze income statements, balance sheets, and cash flow statements to inform business strategy and decision-makingLeverage business intelligence tools such as Tableau and SQL to extract large data sets, perform in-depth analyses and create reports for internal stakeholdersAssess performance trends and monitor limits for risk-taking to minimize the risk of default and loss from credit extended to the Bank’s membersResearch and monitor economic trends using a variety of sources including industry reports, public information, and regulatory insightsGain exposure to financial modeling, validation, back-testing, and bench-markingRequirementsEnrolled in a undergraduate or graduate program at an accredited institutionDesired fields of study include Finance, Economics, Mathematics, Statistics, Accounting, or other business-related disciplineShould have a GPA of at least 3.0 and be in good academic standing.Intermediate knowledge of Excel is requiredSalary 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