Intern
FHLBank Chicago
Intern
FHLBank Chicago
Wholesale lender funding affordable housing programs
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
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 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.
We are currently seeking a summer intern for our Process Optimization department. Successful Individuals should be following an academic track in business, supply chain management, quality, technology, engineering or other related course of study.
DUTIES
Support process optimization initiatives throughout the Bank using project management, process standardization, change management, and business analytics.
Create process flows and business architecture documentation.
Collect, analyze, and present data relevant to process optimization efforts and operational processes.
Develop recommendations based on process data.
Collaborate with stakeholders and project teams to implement solutions.
Facilitate employee training in Lean Six Sigma methodologies.
REQUIREMENTS
Applicants should 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 Supply Chain Management, Business Administration, Information Technology, Industrial or Mechanical Engineering or other related discipline
Internships will start May 2027 through August 2027.
Salary Range:
$38,800.00 - $58,100.00The 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
Wholesale lender funding affordable housing programs
FHLBank Chicago is a wholesale lender owned by its member financial institutions (banks, credit unions, and insurers in Illinois and Wisconsin). It provides competitively priced funding to these members by accessing global debt markets and offering a range of funding products. Its Community Investment group focuses on financing affordable housing and economic development. Programs like the Affordable Housing Program (AHP) offer forgivable housing grants, and the Downpayment Plus (DPP) program provides down payment assistance to homebuyers. The bank differentiates itself as a member-owned cooperative with a clear focus on community development and housing finance, rather than serving retail consumers directly. Its goal is to supply stable, affordable funding to its members and support initiatives that boost affordable housing and community development.
Explore more opportunities at FHLBank Chicago