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 may not find anywhere else. You'll be engaged in projects that will provide you with real-world, hands-on experience in financial services.
We are currently seeking a long-term, 2-year intern to work in our Internal Audit department. Long term interns work part time (15-20 hours per week) while school is in session, and work a full time schedule during breaks (winter, summer, etc.)
Successful applicants should have an interest in learning more about Banking, Finance, and Auditing.
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 it's 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, and independent federal agency.
The Internal Audit internship will involve:
-Working in a team-based, dynamic environment to experience the Audit profession.
-Learning about the role Internal Audit plays within an organization's governance framework.
-Developing an understanding of risks and controls as they relate to Bank processes by attending walk-through meetings with process owners and in-house training sessions.
-Executing audit tasks related to a broad range of processes across the Bank and completing workpaper documentation to summarize results.
-Assist with identifying control issues and with developing recommendations to address control risk.
-Developing a working knowledge of MS Office (Word, Excel, PowerPoint, Sharepoint).
-Learning to use our Governance, Risk, and Control software (MetricStream).
-Assisting on ad-hoc projects assigned by the General Auditor and Audit Director.
-Strong academic track. -Effective time management, written, and verbal communications skills. -Ability to multi-task and demonstrate critical thinking and problem-solving skills. -Adaptive to a changing environment. -Creative and self-confident.
-Must be able to work at least 15-20 hours a week with a 2-year commitment. -Rising junior enrolled in an undergraduate program at an accredited institution.
Internal Number: o4HA7fwc
About Federal Home Loan Bank of Chicago
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 t...he 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.