Long-Term Internship - Risk and Control
Chicago, IL 
Posted 13 days ago
Job/Internship Description
Join the FHLBC team!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.* Medical, dental and vision insurance* Retirement program (401k and Pension)* Generous PTO plan* 10 paid holidays per year* Work from home options* Casual dress code

Ideal candidates will be a 2023-2024 graduate attending school within the metro Chicago area to allow flexibility to commute to our downtown Chicago office.

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 will be engaged in projects that will provide you with real world, hands-on experience in the exciting world of financial services. We are currently seeking an intern to work in our Financial Accounting and Markets (FAM) - Risk and Control department. Successful individuals should be following an academic track in accounting, or other business discipline. Individuals should also be proficient in Microsoft products, especially Excel skills.

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.

This is a unique opportunity to work at a diverse financial institution. You will assist with projects that include report generation, financial analysis, and internal meeting presentation, etc. Cross departmental interaction (both in person and electronic) is an integral part of the intern's responsibilities and activities and will involve the following:


  • Facilitate the communication requests and receipt of a variety of information from the Financial Accounting and Markets (FAM employees.
  • Assist a FIG Risk and Control staff member in preparing meeting agenda and presentation material packages for internal Committee meetings.
  • Learning about and understanding our FAM internal audits and regulatory examinations.
  • Collaborate with others in creating presentations in PowerPoint for various internal meetings.
  • Assisting with administrative functions, document versioning and retention, various assignments and ad hoc requests as appropriate.
  • Supporting the group's activities to promote and maintain internal and external customer expectations.


  • Applicants should be enrolled in an undergraduate program at an accredited institution.
  • Should have a GPA of at least 3.0 and be in good academic standing.
  • Desired fields of study include Accounting or other Business discipline.
  • Proficient in Microsoft Office products such as Excel, PowerPoint, and Word.
  • The start/end date and work hours may be flexible based on school schedule with maximum 7.5 hour work day, 37.5 hours a week.

Executive Summary of Risk and Control

The Risk and Control department of the Financial Accounting and Markets (FAM) group has responsibility for tasks and projects that support the FAM group and the Bank as a whole. The team applies principles of accounting and relies heavily on project management skills to apply appropriate accounting control procedures that support and promote a strong internal control environment throughout the Bank. A role in the Risk and Control department provides an opportunity to assist the team and work with all levels of staff and management across the FHLBC on various responsibilities, including: quarterly administration of Sarbanes-Oxley certification process and related reporting to the Bank's Operational Risk Oversight Committee, internal/external audits and annual regulatory examinations, administration of the Bank's insurance program, business continuity, record retention, and other risk and compliance related projects.

Did you know the Federal Home Loan Bank of Chicago has been namedabyChicago Tribune?

We are committed to creating a diverse, equitable, and inclusive workplace where employees are fully engaged and positioned to do their best work in support of our organization's goals. Teamwork is highly valued at FHLBank Chicago. There's never been a better time to take hold of your future and become a part of FHLBank Chicago.

FHLBank Chicago Maintains a Safe Work Environment With A Mandatory Vaccination Policy For All Employees.

We are committed to providing a safe work environment for all our employees. The FHLBank Chicago requires all employees, except those who may require accommodations under federal or state civil rights laws, to be fully vaccinated.

The Federal Home Loan Bank of Chicago (FHLBC) is committed to diversity and inclusion at all levels of our organization, from the employees we hire to the programs, institutions, and businesses we support. The FHLBC is dedicated to providing equal employment and contracting opportunities, regardless of race, color, religion, sex, sexual orientation, national origin, age, disability, genetic information, veteran status or any other status protected by applicable federal, state or local law.


Position Summary
Start Date
As soon as possible
Employment Type
Part Time
Period of Employment
Type of Compensation
College Credits Earned
Tuition Assistance
Required Student Status
Preferred Majors
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