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 * 11 paid holidays per year * Hybrid working model (effective February 22, 2022) * Casual dress code
IT Summer Internship Program
An IT internship with The Federal Home Loan Bank of Chicago is not like your average IT internship. We can offer you a dynamic, collaborative and team-focused environment you won't find anywhere else. You'll be engaged in projects that will provide you with real world, hands-on experience in the exciting world of technology within financial services.
We are currently seeking a summer intern for our Application Development department. As a Software Developer Intern, you will build and enhance advanced financial applications leveraging cutting-edge technology. Successful Individuals should be following an academic track in computer science, Computer Science, Computer/Management Information Systems, Network Engineering or other technical course of study.
Participate in full stack application design and development
Work on an Agile Scrum team
Exposure to DevOps processes and technology such as CI/CD and IaC
Collaborate using GIT track source code changes
Troubleshoot and resolve
Maintain code quality through unit testing
Benefits of a FHLBC Internship
Potential opportunity for full time employment upon graduation
Gain professional work experience
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.
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; Computer Science, Computer Engineering, Operations Management, Management Information Systems, or other technical discipline
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.