Credit and Collateral Risk Intern

Location: Indianapolis

Are you ready to turn your classroom knowledge into real-world experience?

Do you enjoy collaborating with others and working as part of a team? If so, the Federal Home Loan Bank of Indianapolis (FHLBank) invites you to apply for our 2027 Summer Internship Program!

We’re looking for well-rounded, motivated students to join us for a 10-week paid internship where you’ll gain hands-on technical experience in your field of study, opportunities to develop key professional skills, and valuable networking connections to support future career growth. Beyond traditional internship responsibilities, participants join a cohort of 11 interns across multiple departments, engaging in collaborative group activities while also working closely with their assigned teams to build essential technical and professional competencies. Interns must be located in Indianapolis during the duration of the program and be willing to commit to a hybrid schedule of 3 days in office/2 days remote each week.

What You’ll Experience

Our Credit and Collateral Risk team is responsible for valuation, overcollateralization, loan verification, analytics, and reporting of assets pledged as collateral to support credit products.

As a Credit & Collateral Risk intern at FHLBank, you’ll

Support daily credit risk assessments and collateral valuation analysis, ensuring accurate and timely reporting to inform business decisions.

Conduct ad hoc reviews and in-depth financial analysis to identify trends, risks, and opportunities.

Lead and deliver a special internship project, showcasing analytical skills and contributing to process improvements or strategic initiatives.

Apply strong problem-solving and communication skills to collaborate across teams and present analytical results effectively.

Contribute to meaningful projects that align with your field of study.

Gain exposure to the finance and banking industry.

Participate in team-building activities, a group project, a community service event, and professional development sessions (including dining etiquette!).

Who We’re Looking For

We’re seeking students who

Are actively enrolled in an undergraduate or graduate degree program.

Have completed at least their sophomore year of undergraduate studies. Graduate students encouraged to apply!

Are majoring in MBA, Data Analytics, Finance, Economics, Accounting.

Communicate effectively, both in writing and verbally.

Work well independently and in team settings.

Are detail-oriented, organized, and eager to solve problems.

Program Highlights

10-week paid internship from June to August.

Flexible hybrid workforce model: Onsite three days a week and two days remote.

Competitive hourly rate.

“Dress for your day” dress code: You choose the appropriate work attire based on what your day looks like.

Professional development and networking opportunities.

Inclusive and collaborative work environment.

Ready to apply? Submit your resume! We look forward to learning more about you!

The Federal Home Loan Bank of Indianapolis is an Equal Opportunity Employer.