Market Risk Intern

Federal Home Loan Bank of Indianapolis•Indianapolis, IN

2d•Hybrid

About The Position

The Federal Home Loan Bank of Indianapolis (FHLBank) is offering a 10-week paid internship as part of its 2027 Summer Internship Program, running from June to August. The Market Risk Intern will join the Market Risk team within the Enterprise Risk Management department. The team provides financial and analytical information to bank management to support risk- and business-related decision-making, with a focus on market risk analysis. The ERM department identifies, measures, monitors, and reports the level and trends of risk within the organization. The intern will gain exposure to valuation of financial instruments, financial models, market rates, and risk metrics; use system solutions involving Python, Power BI, MS Excel, and other platforms; and learn how banks manage market risk. The program also includes cohort activities with 11 interns across multiple departments, a group project, a community service event, team-building activities, professional development sessions, and networking opportunities. Interns must be located in Indianapolis for the program and follow a hybrid schedule of three days in the office and two days remote each week.

Requirements

Be actively enrolled in an undergraduate or graduate degree program.
Have completed at least the sophomore year of undergraduate studies.
Major in Mathematics, Data Analytics, Finance, Economics, or another quantitative area.
Communicate effectively in writing and verbally.
Work well independently and in team settings.
Be detail-oriented, organized, and eager to solve problems.
Be located in Indianapolis during the program and commit to a hybrid schedule of three in-office days and two remote days each week.

Nice To Haves

Graduate students are encouraged to apply.

Responsibilities

Gain exposure to valuation of financial instruments, financial models, market rates, and risk metrics.
Work with system solutions that rely on Python, Power BI, MS Excel, and other platforms.
Learn how banks manage market risk.
Participate in team-building activities, a group project, a community service event, and professional development sessions.
Work with the assigned team and collaborate with the intern cohort.