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Internship
Operations
Summer Internship - Collateral Operations & Safekeeping
FHLBank Chicago
- Hours
- Full time
- Where
- Chicago
- Posted
- Sep 17
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.
FHLBank Chicago is seeking a Summer Intern to join our Collateral Operations & Safekeeping team. This internship provides an opportunity to learn how collateral secures the Bank's lending activities and supports the safety and soundness of our operations. The intern will gain exposure to collateral management, member transactions, safekeeping services, and operational processes that support the Bank's credit and liquidity functions.
This position is ideal for students interested in finance, banking, accounting, economics, business operations, or related fields who want to develop a foundational understanding of financial institutions and risk management pra…
What you'd do
- 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
- Support the monitoring of member collateral positions used to secure credit obligations.
- Learn how residential mortgages, commercial mortgages, and investment securities are evaluated for eligibility and compliance with Bank policies.
- Assist with reconciling pledged assets and safekeeping account activity.
- Support daily operational processes related to securities and cash transactions.
What they want
- Current undergraduate student pursuing a degree in: Finance, Accounting, Economics, Business Administration, Mathematics, Data Analytics or other Related field
- Junior or Senior standing at an accredited university.
- Minimum GPA of 3.0 preferred.
- Strong analytical and problem-solving skills.
- Proficiency with Microsoft Excel and Microsoft Office applications.
- Strong written and verbal communication skills.
- Ability to manage multiple tasks and work effectively in a team environment.
- Starts
- 2026-09-17