Summer Internship - Credit Risk

Fhlbc; Chicago, Northern (IL, KY); Hybrid; USD 39,000 - 58,000; Full time

Benefits offered by this job

Comprehensive benefits package

Job summary

The Federal Home Loan Bank of Chicago is offering a summer internship in the Credit Analysis team. You will engage in real-world financial services projects, collaborating with a team to analyze credit risk and performance.

The role focuses on BI tools, financial analysis, and cross-team collaboration to support strategic decisions. Ideal candidates are enrolled in undergrad or grad programs in Finance, Economics, Mathematics, Statistics, or related fields, with a GPA of 3.0+ and intermediate

Qualifications

• Enrolled in an undergraduate or graduate program at an accredited institution.
• Fields of study include Finance, Economics, Mathematics, Statistics, Accounting, or related discipline.
• GPA of at least 3.0 and in good academic standing.
• Intermediate knowledge of Excel is required.

Responsibilities

• Utilize Business Intelligence tools to enhance Credit Risk analysis and achieve operational excellence.
• Perform Financial analysis to inform decisions regarding members.
• Support cross-team initiatives and socialize new ideas with stakeholders.
• Analyze income statements, balance sheets, and cash flow statements to inform strategy.
• Leverage BI tools such as Tableau and SQL to extract data, perform analyses and create reports.
• Assess performance trends and monitor risk limits to minimize loss from credit.
• Research and monitor economic trends using industry reports and regulatory insights.
• Gain exposure to financial modeling, validation, back-testing, and benchmarking.

Skills

Tableau

SQL

Financial analysis

Education

Finance

Economics

Mathematics

Statistics

Tools

Tableau

SQL

Job description

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.

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 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

Requirements

• 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

Salary Range

$38,800.00 - $58,100.00

$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 consideryour experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package whichcan be found here: https://hrportal.ehr.com/fhlbc