Summer Internship - Financial Reporting

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

Job summary

Federal Home Loan Bank of Chicago is seeking an undergraduate intern to gain hands-on experience in the dynamic financial services sector. You’ll join a collaborative, team-focused environment and contribute to real-world tasks across reporting and ESG initiatives.

You will learn about regulatory reporting, SEC filings, and data submission processes while developing strong Excel and analytical skills on a trading-floor-like environment.

Qualifications

• Enrolled in an accredited undergraduate program.
• Sophomore status at a four-year institution.
• GPA at least 3.0 and in good academic standing.
• Strong Microsoft Excel skills.
• Interest in Accounting or General Business and a trading floor environment.

Responsibilities

• Assisting with monthly and quarterly tasks, including external reporting to regulators.
• Learning about the FRS and CRS systems as they relate to monthly and quarterly reporting.
• Assisting with ESG-related tasks as they become available.
• Learning about SEC and Regulatory Reporting for quarterly and annual filings.
• Assisting with key data submissions, data analysis, and cross-team communication.
• Collaborating with auditors PwC for the group’s audit support.
• Participating in Bank-wide events to learn about a diverse and inclusive culture.
• Ad-hoc and miscellaneous tasks and projects as assigned.

Education

Undergraduate student enrollment

Tools

Microsoft Excel

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 won\’t find anywhere else. You\’ll be engaged in projects that will provide you with real world, hands-on experience in the exciting world of financial services.

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.

Responsibilities include but are not limited to:

• Assisting with monthly and quarterly tasks, including external reporting to our regulators, the OF (Office of Finance) and FHFA (Federal Housing Finance Agency)
• Learning about the FRS (Financial Reporting) and CRS (Call Reporting) systems as it relates to our monthly and quarterly reporting process
• Assisting with Environmental, Social, and Governance (ESG)-related tasks as they become available
• Learning about SEC and Regulatory Reporting as it relates to our quarterly (10-Q) and annual (10-K) filings posted to the SEC (Securities and Exchange Commission) website
• Assisting with key data submissions, data analysis, and communication with other teams across the organization
• Collaborating with key contributors on various files used solely for internal purposes
• Communicating with our external auditors, PwC, by providing support and documentation for the group’s audit
• Participating in Bank-wide events to learn about a diverse and inclusive culture
• Ad-hoc and miscellaneous tasks and projects (to be assigned)

Requirements:

• Applicants should be enrolled in an undergraduate program at an accredited institution
• Applicants should be at least sophomore status at an accredited four year institution
• Should have a GPA of at least 3.0 and be in good academic standing
• Must have demonstrated expertise in Microsoft Excel
• Desired fields of study include Accounting or General Business
• Must enjoy working in a trading floor environment

Salary Range

$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