Summer Internship - Financial Reporting

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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Job Description

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. You’ll be engaged in projects that will provide you with real world, hands-on experience in the exciting world of financial services.

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 were 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.

Responsibilities include but are not limited to:

Assisting with monthly and quarterly tasks, including external reporting to our regulators, the OF (Office of Finance) and FHFA (Federal Housing Finance Agency)

Learning about the FRS (Financial Reporting) and CRS (Call Reporting) systems as it relates to our monthly and quarterly reporting process

Assisting with Environmental, Social, and Governance (ESG)-related tasks as they become available

Learning about SEC and Regulatory Reporting as it relates to our quarterly (10-Q) and annual (10-K) filings posted to the SEC (Securities and Exchange Commission) website

Assisting with key data submissions, data analysis, and communication with other teams across the organization

Collaborating with key contributors on various files used solely for internal purposes

Communicating with our external auditors, PwC, by providing support and documentation for the group’s audit

Participating in Bank-wide events to learn about a diverse and inclusive culture

Ad-hoc and miscellaneous tasks and projects (to be assigned)

Requirements:

Applicants should be enrolled in an undergraduate program at an accredited institution

Applicants should be at least sophomore status at an accredited four year institution

Should have a GPA of at least 3.0 and be in good academic standing

Must have demonstrated expertise in Microsoft Excel

Desired fields of study include Accounting or General Business

Must enjoy working in a trading floor environment

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