Market Risk Intern

Federal Home Loan Bank of Indianapolis•Indianapolis, IN

3d•Hybrid

About The Position

The Federal Home Loan Bank of Indianapolis is hiring a Market Risk Intern for its 2027 Summer Internship Program. This is a 10-week paid internship running from June to August. The intern will join the Market Risk team within the Enterprise Risk Management department, which identifies, measures, monitors, and reports organizational risk. The Market Risk 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 internship offers exposure to financial instrument valuation, financial models, market rates, and risk metrics, as well as systems and solutions using Python, Power BI, MS Excel, and other platforms. Interns will learn how banks manage market risk and gain exposure to the finance and banking industry. The program also includes cohort activities, a group project, a community service event, professional development sessions, and networking opportunities. Interns must be located in Indianapolis for the duration of the program and follow a hybrid schedule of three days in the office and two days remote each week. The workplace offers a “dress for your day” dress code and an inclusive, collaborative environment.

Requirements

Be actively enrolled in an undergraduate or graduate degree program.
Have completed at least the sophomore year of undergraduate studies; graduate students are encouraged to apply.
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 throughout the program and commit to a hybrid schedule of three office days and two remote days each week.

Responsibilities

Gain exposure to valuation of financial instruments, financial models, market rates, and risk metrics.
Work with system solutions that use Python, Power BI, MS Excel, and other platforms.
Learn how banks manage market risk and gain exposure to the finance and banking industry.
Participate in team-building activities, a group project, a community service event, and professional development sessions.
Collaborate with the assigned team and fellow interns.