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
The Federal Home Loan Bank of Chicago (FHLBank Chicago) is looking to hire high-achieving and driven college graduates and young professionals to enter our 2021 Sales and Strategy Development Program. This intensive entry-level program provides analysts with the opportunity to work in the Sales, Strategy and Solutions Group and move through four, six-month concentrations, gaining exposure to financial institution sales, client strategy, marketing, and product administration.
FHLBank Chicago is a $100 billion co-operative bank and a government sponsored entity that issues global debt collectively with 10 other FHLBanks across the United States. FHLBank Chicago provides wholesale funding and secondary mortgage market solutions to financial institutions supporting housing finance and community investment. Throughout the two-year program, analysts are expected to gain a deep understanding of financial institution business models, wholesale funding, residential mortgage and fixed income markets, and how we support our customers through our products and solutions.
Analysts will have the opportunity to develop their analytical skills to drive insights on client usage and trends, participate in sales meetings with customers, gain exposure to operational processes within the context of risk and regulatory requirements, learn dynamics of funding strategies of financial institutions, understand and participate in sales tactics and targeting, and analyze market data and financial statements. Analysts will acquire a solid base of skills that distinguish them as well-rounded, continuously learning, early-career quantitative fixed-income financial professionals.
Duties and Responsibilities:
Review and analyze financial statements and financial market trends and report on findings to internal and external stakeholders. Design, maintain, and improve a variety of financial models and reports.
Leverage analytical tools to find insights in large data sets to create reports for sales, strategy, and operations of the Bank, making improvements and changes, as needed.
Research and write economic commentary for both internal and external use.
Research industry trends around housing, banking, economics, and financial markets to consolidate and prepare into presentations and external-facing educational materials.
Work in a cross-functional team environment with opportunities to network with other departments and work on various projects.
Analyze and help interpret mortgage market, fixed income market, and other financial market data, modeling and analyzing balance sheets of financial institutions including banks, credit unions, and insurance companies.
Support sales through strategic targeting based on historical usage and balance sheet trends. Prepare sales materials and pitch-books, as needed.
Develop models to improve and better identify prospective users of Bank products.
Systematic gathering and recording of data to assign meaning, and suggest conclusions from quantitative, qualitative, risk, and return perspectives to support decision making, enhance products, product design, metric reporting, and training.
Bachelor's degree in Finance, Economics, Math, Accounting, or related field.
1-2 years of internship experience in the Financial Services industry preferred.
3.0 minimum undergraduate GPA.
Fluency in Excel and Powerpoint; VBA, SQL, Python, C#, and Tableau is a plus.
Knowledge, Skills, Abilities and Behaviors Required:
A 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, leaders, customers and teams.
Desire for continuous learning and inclination to understand big picture elements potentially outside of current role requirements
Motivated by a curiosity to find new questions or answers by looking at data and problems in novel or unique ways
Strive to bring new thoughts and ideas to the team in order to drive innovation and unique solutions
Proven ability to develop, analyze, and effectively interpret data
Curiosity to learn fixed income capital markets, mortgage markets, financial institution funding dynamics, and wholesale funding markets
Ability to prioritize work, meet deadlines, and concentrate on details in a fast-paced work environment
Critical thinking to define problems, collect data, establish facts, and draw valid conclusions and present results/recommendations to audiences
Appropriately solicit, accept, and apply ongoing performance feedback.
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).
The Federal Home Loan Bank of Chicago is a $100 billion wholesale bank and one of 11 district banks chartered in 1932 by the U.S. Congress to support mortgage lending and community investment. Each FHLBank operates as an independent organization and is governed by a board of directors elected by its member institutions. As a cooperative, we provide reliable liquidity to our member banks, credit unions, insurance companies, and community development financial institutions located in Illinois and Wisconsin, focusing on the distinct needs of their individual businesses and communities.
We offer products and services to help our members fund loans and investments held in portfolio, manage liquidity, fund mortgages into the secondary market, secure third party agreements, and achieve asset liability management goals. Through our Community Investment and Affordable Housing programs, we also help our members to provide affordable housing and economic development in the communities they serve.
FHLBank Chicago is a place, where everyone can make a difference—both for our organization and for the communities we serve through our member financial institutions. We aim to create a diverse... and inclusive environment where employees are fully engaged and positioned to do their best work. Teamwork is valued, and even entry-level hires may find themselves working side-by-side with senior-level executives.