Applicants for employment must have work authorization that does not now or in the future require sponsorship of a visa for employment authorization in the United States and with FHLBC (i.e., H1-B visa, F-1 visa (OPT), TN visa or any other non-immigrant status). An intensive entry-level program consisting of four six month assignments with exposure to financial analytics and member support. This experience is designed for high caliber candidates to gain an accelerated understanding of the Federal Home Loan Bank system, products, members and operations. The candidate will learn and participate in examining existing financial and operational processes within the context of risk and regulatory requirements; supporting Bank Members in various transactions; collecting and analyzing quantitative data from enterprise and portfolio management applications. Candidates selected to join the program will begin their employment in July 2018. Duties & Responsibilities Prepare, review and analyze monthly financial statements and supplemental information. Design, maintain and improve a variety of financial reports with data integrity. Assist Member Banks in the execution of required documentation, transaction processing, account set up and maintenance, and funds transfer. Manage the resolution of inquiries and issues ranging from basic to complex with a high level of service. This may involve working jointly with other departments and/or communicating across groups. Support the accurate and timely resolution of customer and internal constituents questions and concerns. Offer assistance that is in compliance with bank policies, procedures, and business processes. Measure, monitor, and report on a variety of inbound and outbound departmental reports and metrics. Systematic gathering, recording, assigning meaning, and suggesting conclusions from a quantitative and qualitative, risk, return, perspective with the goal of supporting decision making, enhancing products, product design, metric reporting, and support of training. Requirements: Bachelors degree in Finance, Economics, Math, Accounting or related field 3.0 minimum undergrad GPA 0 – 3 years of experience working in investment banking, trust, trading, general banking, collateral, underwriting, residential mortgage, negotiable securities, and operations a plus, but not required. Fluency in Excel; Access, SQL and VBA skills a plus. Basic Word and Adobe Acrobat. Knowledge, Skills, Abilities & Behaviors Required: High degree of professionalism with outstanding communication (written, verbal and listening) skills. Ability to self-start and self-motivate, a willingness to take an active role to drive results by collaborating with peers and operational leadership Attention to detail with respect to data and facility security, documentation, following policies, procedures, rules, and regulations. Proven ability to develop, analyze and effectively interpret data. Critical thinking to define problems, collect data, establish facts, and draw valid conclusions. Appropriately solicit, accept and synthesize ongoing performance feedback.
The Federal Home Loan Bank of Chicago is a $72.0 billion wholesale bank and one of 11 district banks chartered in 1932 by the U.S. Congress to improve the availability of funds to support home ownership. The FHLB Chicago is a member-owned cooperative serving members in our district of Illinois and Wisconsin. All federally insured depository institutions, insurance companies engaged in residential ...housing finance, credit unions, and community development financial institutions located in our district are eligible to apply for membership. Today, the FHLB System, which is regulated by the Federal Housing Finance Agency, has more than 7,500 members.
The FHLB Chicago strives to be a valuable partner to our member financial institutions in Illinois and Wisconsin during all phases of financial and economic cycles. 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 Federal Home Loan Bank of Chicago is committed to diversity at all levels of our organization from the employees we hire to the programs, institutions, and businesses we support. Our goal is to recruit, hire, and develop talented staff and to offer a work environment that allows them to do their best work.