About the role#
We are looking for a summer intern to join the Model Risk Management team for the summer 2027 term. This is an on-site, part-time role based in Chicago. You will gain hands-on experience in financial services by working on projects that support model validation and governance.
What you'll do#
- Support model validation and risk governance through technical and administrative tasks.
- Perform quantitative testing and qualitative reviews to assist in model validation.
- Identify and report potential model risks.
- Collaborate with internal teams to ensure model risk is managed effectively.
- Conduct ad-hoc analysis to support initiatives related to models.
- Present testing results to the Model Risk Management team, model owners, and other stakeholders.
- Research methods to automate or improve current modeling processes.
What you'll need#
- Enrollment in an undergraduate or graduate program focused on a quantitative discipline, such as Finance, Economics, Mathematics, or Statistics.
- A minimum GPA of 3.0.
- An interest in risk management and model validation.
- A basic understanding of fixed income securities and data analysis.
- Proficiency in the Microsoft Office suite, including Excel, Word, Access, and PowerPoint.
Location & details#
- Location: Chicago, Illinois.
- Term: Summer 2027.
- Work Modality: On-site.
- Employment Type: Part-time internship.
- Compensation: This is a paid position with a salary range of $38,800 to $58,100.
About Federal Home Loan Bank of Chicago
The Federal Home Loan Bank of Chicago provides funding to member institutions in Illinois and Wisconsin. Founded in 1932, the organization supports community investment and provides access to the secondary mortgage market. It operates as a privately held entity based in Chicago. The staff size ranges from 201 to 500 employees.
How to get in at Federal Home Loan Bank of Chicago
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