Summer Internship - Markets Credit

Federal Home Loan Bank of Chicago•Chicago, IL

7d•Onsite

About The Position

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. 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 are 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

Currently pursuing a Bachelor’s or Master’s degree in Mathematics, Finance, Economics, Statistics, Computer Science, or a related field.
Basic knowledge of programming and data analytics tools.
Strong analytical and problem-solving skills.
Effective verbal and written communication abilities.
Detail-oriented and self-motivated.

Nice To Haves

Familiarity with mortgage markets and financial products is a plus.

Responsibilities

Assist in operating and maintaining credit risk models for mortgage loan portfolios.
Help monitor and report credit risk trends and exposures associated with mortgage loan and investment portfolios
Support the development of algorithmic solutions for model implementation and performance monitoring.
Participate in scenario analysis and stress testing to evaluate portfolio risks under various economic conditions.
Support credit reviews for member institutions.
Collaborate with validators and auditors to ensure model accuracy and compliance.
Aid in optimizing business processes through data management and programming tools.
Conduct ad-hoc analysis as needed.