Job Description

Internship Opportunity at The Federal Home Loan Bank of Chicago

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.

Benefits include:

• 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

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.

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 are 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.

What You'll Do

As an intern in the Mortgage Products and Strategy team, you will support strategic initiatives, product management, and housing finance industry engagement for the Mortgage Partnership Finance (MPF) Program. This internship offers a unique opportunity to gain exposure to the mortgage industry, learn from experienced professionals, and contribute to projects that impact housing finance and policy.

How You'll Make an Impact

• Assist in research and analysis related to mortgage products, investor guidelines, and housing finance trends.
• Support the development and documentation of product strategies and operational processes.
• Participate in cross-functional meetings to understand strategic initiatives and seller experience improvements.
• Help prepare presentations and reports for internal stakeholders and industry partners.
• Contribute to housing leadership initiatives focused on affordable housing and access to credit.

What You Can Expect

• Gain hands-on experience in mortgage product management and strategic planning.
• Learn about secondary mortgage markets, credit risk management, and investor relationships.
• Understand the regulatory and compliance landscape of the mortgage industry.
• Develop professional skills in communication, analysis, and project coordination.
• Network with professionals across departments including policy, risk, and capital markets.
• Exposure to strategic projects and industry leaders.
• Access to professional development and training resources.
• Central downtown location with easy access to public transportation.
• Opportunity to contribute to meaningful housing initiatives.

What You'll Bring

• Currently pursuing a Bachelor's or Master's degree in finance, economics, business, or a related field.
• Strong interest in the mortgage industry and housing finance.
• Excellent analytical and organizational skills.
• Effective communication and interpersonal abilities.
• Proficiency in Microsoft Office Suite and willingness to learn new tools.

Salary Range: $38,800.00 - $58,100.00

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