Summer Internship - MPF Operations

FHLBank; Chicago (IL); On-site; USD 39,000 - 58,000; Full time

Benefits offered by this job

In-office collaboration

401k and Pension

Medical/dental/vision insurance

Lifestyle Spending Account

Paid time off

11 paid holidays

Job summary

The Federal Home Loan Bank of Chicago is offering a summer internship in the Mortgage Partnership Finance (MPF) department. You will engage in real-world projects within financial services, learning mortgage operations and lifecycle across MPF teams.

Ideal candidates are Junior status students with a 3.0+ GPA, pursuing Finance, Accounting, or related fields, and willing to contribute to data-driven process improvements.

Qualifications

• Applicants should be at least Junior status at an accredited four-year institution.
• GPA of at least 3.0 and in good academic standing.
• Finance, Accounting, or other Business discipline are desirable fields of study.
• willingness to learn mortgage lifecycle and operations with MPF teams.
• Lean Six Sigma data analytics skills are desirable.

Responsibilities

• Assist in analyzing and improving mortgage operations processes to enhance efficiency and effectiveness.
• Support development and tracking of key performance metrics to drive data-informed decisions.
• Collaborate with MPF operations teams to gain understanding of mortgage lifecycle and operations.

Skills

Data analysis

Lean Six Sigma

Education

Junior status at accredited four-year institution

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 model
• Retirement program (401k and Pension)
• Medical, dental and vision insurance
• Lifestyle Spending Account
• Competitive PTO plan
• 11 paid holidays per year

Job Description

An internship with The Federal Home Loan Bank of Chicago is not like your average internship. We offer a dynamic, collaborative , team-centered environment that you may not find anywhere else. You will be engaged in projects that will provide you with real world, hands‑on experience in the world of financial services. We are currently seeking a summer intern to work in our Mortgage Partnership Finance (MPF) department. Applicants should have an interest in learning more about mortgage operations.

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.

REQUIREMENTS

• Applicants should be at least Junior status at an accredited four-year institution
• Should have a GPA of at least 3.0 and be in good academic standing
• Desired fields of study include Finance, Accounting, or other Business discipline
• Must be willing to work with each of the MPF operations teams to learn about the mortgage lifecycle and mortgage operations in general
• Skills with data for metrics and process improvement (e.g., Lean Six Sigma) are highly desirable

How You will Make an Impact

• Assist in analyzing and improving mortgage operations processes to enhance efficiency and effectiveness
• Support the development and tracking of key performance metrics to drive data-informed decision-making
• Collaborate with various operations teams to gain a comprehensive understanding of the mortgage lifecycle, mortgage operations and contribute to cross-functional projects

The mission of the Federal Home Loan Bank of Chicago is to partner with our member shareholders in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment in the Bank, and support for community investment activities.

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 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

Our mission at FHLBank Chicago: To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment, and support for their community investment activities. Simply said, we're a bank for banks and other financial institutions, focused on being a strategic partner for our members and working together to reinvest in our communities, from urban centers to rural areas. Created by Congress in 1932, FHLBank Chicago is one of 11 Federal Home Loan Banks, government sponsored in support of mortgage lending and community investment.