Summer Internship - Enterprise Risk Management

Location: Chicago

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

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A Risk Analyst 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 will not find anywhere else. You will be engaged in projects that will provide you with real world, hands-on experience in the exciting world of process optimization within financial services.

We are currently seeking an intern for our Enterprise Risk Management department. Successful Individuals should be following an academic track in business, finance, law, technology, accounting, or other related course of study.

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.

DUTIES

Assist in execution and improvement of the risk assessment process which includes assessing changes in the business environment and the impact of changes in volume and complexity due to the financial, legal, and regulatory environments and its impact on operational risk.

Assist in the collection and reporting operational risk event data and utilizing operational risk data and other internal data sources, as well as external data to evaluate and reports the Banks operational risk exposure.

Assist in the development, collection, maintenance, monitoring, and reporting of operation risk metrics (i.e., key risk indicators and key performance indicators) utilized to monitor the Banks operations risk exposure.

Assist in the facilitation, review, and periodic update operational risk standards and related operational risk procedures.

Assist in the facilitation of holistic oversight of the Banks operational risk including vendor risk management, business resiliency, financial reporting, affordable housing/ community investment activities, etc.

Assist in the maintenance and improvement of operational risk management tools (e.g., loss events, metrics, risk assessments, risk acceptances, etc.) and reporting on the operational risk across the enterprise.

REQUIREMENTS

Applicants must be enrolled 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: Business Administration, Finance, Law, Technology, Accounting or other related discipline

How You will Make an Impact

Participate in and contribute to enterprise risk management projects focused on improving oversight of operational risk.

Provide new perspective by questioning current state and supporting change.

Provide ideas and support development of solutions to improve business outcomes.

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. The FHLBC is dedicated to providing equal employment and contracting opportunities, regardless of race, color, religion, gender, sexual orientation, national origin, age, disability, genetic information, or veteran status.

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