Explore the Opportunities

People working together as a team at workThe Federal Home Loan Bank of Indianapolis focuses on recruiting, hiring, developing, and retaining a talented workforce by providing an environment that enables them to succeed. Diversity and inclusion are essential to building and maintaining our competitive edge—and are key to our current and future individual and business successes.

To provide bank staff with both personal and professional growth, FHLBI offers excellent training and mentoring programs. Our current qualified staff includes more than 200 people with a wide range of abilities and backgrounds.

Find your place on our team by exploring the following opportunities:

  • Community Investment Compliance Analyst I

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    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join our Community Investment team. The CID Compliance Analyst I assists department staff and managers in the administration and operational functions of the bank’s Affordable Housing Programs to ensure compliance with federal regulations, program policies and bank procedures.

    The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The bank reserves the right to alter or amend this description at any time.

    Specific Responsibilities:
    ◾Knowledge of federal regulations, policies, internal procedures, or other compliance requirements that govern the operation of the bank’s AHP programs.
    ◾Provide technical assistance to customer institutions and housing organizations in regard to the process of applying for any of the AHP grants, submitting funding requests, ensuring monitoring and compliance requirements are met.
    ◾Intake and outflow of grant related materials received from customers and dissemination of communications relating thereto. Includes data-entry of program agreements, disbursement requests, modifications, extensions into database and verifying compliance with program guidelines.
    ◾Support fulfillment of department’s recurring regulatory deadlines include but not limited to compliance with records retention policies.
     ◾Reconciliation of monthly GL accounts and annual round calculation prep for management approval.
    ◾Assists with the operations aspects of all AHP programs application rounds including: forms and database testing, posting materials to company website, participant training, application intake, data entry in scoring database, file setup and maintenance including communications to grant recipients.
    ◾Assists in the preparation of materials for internal and external audits. Supports department in self-audit/examination exercises as determined by managers. Validates data for accuracy for DRM and other FHFA reporting as required from time to time.
    ◾Supports Community Lending Manager in CIP advance product eligibility and the reporting of outcomes as a result of outreach initiatives articulated annually in the Community Lending Plan. 
    ◾Assists in the internal monitoring of policies and procedures and customer facing training guides for annual updates and refreshes as indicated by program or system changes.
    ◾Collaborates with other department Analysts, establishes follow-up parameters for correspondence due regarding homeownership and AHP activity, and conducts comprehensive analysis of documents and data for compliance with regulation and policy.
    ◾Department change management of community and member contacts. Review stale and dated contacts in department database and refresh data as indicated.
    ◾Aid the communications department with program details to be used in technical materials, newsletters, guides and other instructional materials. Participates in outreach activities and project-specific celebration events and presents program requirements at consultations, workshops and other education events.
    ◾Will perform other special projects and duties as assigned.

    Position Requirements:
    ◾Bachelor’s Degree with a focus in either Accounting, Finance, Business Administration, Urban Planning, or Affordable Housing.
    ◾Basic technical skills with Microsoft Office applications.
    ◾Participate in department’s cross-training exercises to ensure functions have adequate back up staff.
    ◾Communicate and interact effectively with management, peers and supervisors.
    ◾Adhere to workplace rules and policies.
    ◾Work with management to achieve personal and department goals.
    ◾Must be able to work full time.

    FHLBank Indianapolis is an Equal Opportunity Employer. 
    Apply Now
  • Model Validation Manager

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    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join model validation team. As a direct report to the Director of Model Risk Management and Validation, the incumbent of this position is responsible for leading the entire cycle of the model validation program at the bank to ensure model validation activities are consistent with the FHLBI Model Risk Management Policy.

    The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The bank reserves the right to alter or amend this description at any time.

    Specific Requirements: 
    ◾Lead planning, prioritizing, and managing of concurrent model validations. Assist Director of MRMG to determine annual validation plans.
    ◾Lead whole cycle of model validation, including pre-validation scoping, validation, validation report review and post-validation management etc.
    ◾Performs model validations for various types of financial models, including market risk, credit risk, liquidity risk, operational risk etc.
    ◾Provide expert insight into various modeling and model validation issues. Establish required action plans with model owners/developer and provide value-added recommendations to model owners/developers.
    ◾Follows up on recommendations with the model owner to ensure that they have been remedied.
    ◾Lead external model validation Request-For-Proposal (RFP) process including the negotiation of contract with third party vendors
    ◾Lead periodical model review and model performance review
    ◾Participate further with inter-departmental management, collaboration, discussion with business units and provide feedback
    ◾Interact with external regulators and internal auditors to demonstrate the operational soundness and effectiveness of the model validation program at the bank.
    ◾Lead a team of quantitative model validation analysts. Manage and develop team members through communication, feedback, coaching, and work oversight.
    ◾Identify emerging model risk issues impacting FHLBank Indianapolis and communicate to model developers, senior management, and the bank's Governance Committee.
    ◾Conduct research and analysis to maintain knowledge of modeling best practices, model validation techniques, and current financial market information.


    Position Requirements:
    ◾An advanced degree with a concentration in Quantitative Finance, Economics, Mathematics, Statistics, or some other quantitative discipline. A CFA and / or FRM designation is desirable.
    ◾Working knowledge of OCC 2011-12 and / or FHFA AB 2013-07 (regulatory guidance concerning model riskmanagement).
    ◾At least three years’ experience in model development is required. Two plus years of experience leading model validations and staff is preferred. Five plus years of experience in financial services risk management is preferred.
    ◾Proficient in at least one risk management system or valuation system such as QRM, PolyPaths, Calypso etc.
    ◾In-depth understanding of the conceptual framework and assumption for various type of financial models and how models use in business decision-making and the major impact on financial statement or risk measurement, etc.
    ◾Strong understanding of financial markets, asset-liability management, and profitability analysis.
    ◾Strong verbal and written communication skills including presentation skills and inter-personal skills.
    ◾Strong relationship management skills and the ability to effectively engage with multiple levels of the Bank to include Senior Management, Risk Related Committees, Working Groups, and Staff. Adept in working in a multi-faceted organization.
    ◾Demonstrated project and people management skills and the ability to work on multiple projects on a concurrent basis and meet deadlines.
    ◾Strong Excel modeling experience required. Other analysis/modeling skills, such as R, MATLAB, or @RISK,desirable.
    ◾Detail-oriented.  Ability to assume complex assignments with minimal direction.
    ◾Must not have been convicted of any civil or criminal charge that would suggest a risk to bank security.
    ◾Ability to work full time.

    FHLBank INDIANAPOLIS is an Equal Opportunity Employer. 
    Apply Now
  • ACH Analyst

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity to join our team. Primarily responsible for ensuring the accurate processing of ACH activity. Also responsible for monitoring all respondent activity through the Federal Reserve Bank.  Position will be cross- trained in a variety of duties within Correspondent Services and Middle Office to provide backup where needed.  Also responsible for maintaining the integrity of the Demand Deposit Account system.                                                        

    The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The bank reserves the right to alter or amend this description at any time.

    Specific Responsibilities:
    ◾Directly responsible for obtaining, balancing, and processing daily ACH files using independent judgment to closely monitor the process for compliance with NACHA guidelines and regulations.
    ◾Responsible for keeping current on existing and changing NACHA rules and regulations in order to validate the decisions for all ACH related activity and communications with complete technical and professional competence.
    ◾Serving as a backup to all functions in the Middle Office as required.  These duties include but are not limited to verifying the accuracy of trade entry, reviewing hedge effectiveness testing, and settling cash transactions. 
    ◾Responsible for resolving discrepancies that appear on the FRB Chicago reconciliation which requires knowledgeable communication with the Federal Reserve.
    ◾Responsible for daily processing of manual journal activity.  In addition, maintaining integrity of ISS (Demand Deposit System) which includes assigning new account numbers and closing accounts as needed, maintenance of name and address information, and merging accounts when required.  

    Position Requirements:
    ◾Minimum of a two year business degree in Accounting or Finance.  
    ◾Ability to set priorities and organize daily workflow.  Detail oriented with a high level of accuracy. 
    ◾Excellent written and oral communication skills.  Ability to interact with bank management, Counterparties, and Members. 
    ◾Ability to function efficiently under pressure while adhering to strict deadlines. 
    ◾Ability to work independently and as part of team. 
    ◾Must not have been convicted of any civil or criminal charge that would suggest a risk to bank security. 
    ◾Ability to work full time.  Some overtime may be required.   
    ◾Regular attendance will be expected beyond normal bank hours.


    FHLBank Indianapolis is an Equal Opportunity Employer. 
    Apply Now
  • MPP Quality Control Manager

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    Purpose:
    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join our Mortgage Purchase Program. The MPP Quality Assurance Manager will facilitate quality assurance and compliance with all aspects of mortgage acquisitions from members. In addition, meet regulatory requirements for loan data analysis and reporting.

    The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The bank reserves the right to alter or amend this description at any time.

    Specific Responsibilities:

    • Manages the Quality Assurance (QA) area in MPP, which is responsible for assuring that the loans sold to FHLBank Indianapolis meet bank guidelines, are held in custody per bank guidelines, and are serviced per FHLBank Indianapolis guidelines.  The quality assurance area is also responsible for routine quality checks of MPP departmental documentation.  In this capacity, is responsible for managing the workflow of these quality assurance checks.
    • Monitor PFI performance.
    • Responsible for all aspects of managing the operations of the QA including staff selection, training and development, work assignments, employee vacations, employee breaks, overtime assignment, back-up for absent employees, performance evaluations, promotions, salary increases, disciplinary actions, and terminations. Also, responsible for designing and implementing the workflow process, designing and implementing tracking systems, managing the operations of document custodian, quality assurance, and servicing reviews, setting priorities, and reporting projects in process and significant findings to the MPP Operations Manager and Director/Sr. Director.
    • Responsible for evaluating instances of fraud or other situations that are detected within the quality assurance reports as well as monitoring delinquent loans in order to report findings to the MPP Managers committee. Responsible for recommending repurchase of loans as necessary.
    • Responsible for managing departmental documentation including the MPP guide, MPP policy, MPP procedures manual, MPP applications forms, and other member correspondence materials for MPP.
    • Coordinates with in-house counsel, internal audit, external audit, and the FHFB examiners regarding MPP related information, requests and findings.
    • Provides research and analysis of regulatory issues for internal discussion and decision making.
    • Focuses on industry news and legislation in order to prepare for potential issues that affect MPP.  Reports industry news and concerns to the MPP department at regularly scheduled meetings.
    • Prepares and tracks individual variances for reporting to FPC and the board of directors. 
    • Serves as main contact for the MPP Business Continuity Plan and disaster recovery leader.
    • Responsible for negotiating contracts and maintaining relationships with vendors used for the MPP function.
    • Supervises, trains and sets QA staff priorities. Keeps MPP Operations Manager, Director/Sr. Director informed of projects in process, workload, and significant problems.
    • Represents the MPP department at Bank functions as needed, including attending meetings, making presentations, and addressing questions and concerns.
    • May supervise MPP operations staff in absence of Mortgage Operations Manager. 
    • Directly responsible for developing and maintaining an MS Access database, which tracks quality assurance selections, servicing review information, document custodian review information, quality assurance review information and loan detail for loans sent through the QA program.
    • Responsible for preparing and submitting monthly reports to the MPP management.

    Position Requirements:

    • Bachelor’s degree in finance, business administration, accounting, or other related field or commensurate work experience.
    • Minimum of 10 years’ experience in mortgage origination and manual mortgage underwriting. Must possess knowledge of mortgage banking practices and procedures, including secondary marketing experience, document and custodian function. 
    • Must have an in depth knowledge of Fannie Mae, Freddie Mac, and FHA loan underwriting guidelines and loan delivery requirements.
    • Ability to work well with others including all management levels, customers, and vendors.
    • Must be familiar with MS Access.
    • Excellent written and verbal communication skills.
    • Must not have been convicted of any civil or criminal charge that would suggest a risk to bank security.
    • Ability to work full time.

     FHLBank Indianapolis is an Equal Opportunity Employer

    Apply Now
  • Lending Officer

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join our Marketing team.  The Lending Officer consults with senior officers of our member institutions regarding the bank’s credit products and initiates loans (advances), lines and letters of credit, and other products to assist members with their funding needs.

    The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The Bank reserves the right to alter or amend this description at any time.

    Specific Responsibilities:
    ◾Advances Operations / Lending:
          Consults with senior officers of our member institutions regarding the bank’s credit programs, pricing, alternatives, and other details to assist them in meeting their funding needs.  Communicates bank policies regarding credit products to members and makes the initial determination in regards to a member’s ability to access bank products.  Reviews advance requests, manages transaction information in system, and produces advances documentation to recommend approval or denial of the credit extension to the Advances Manager and the Chief Marketing Officer. Negotiates letter of credit pricing and contractual details. Works with letter of credit trustees, cash management group, and the Financial Controls to process letter of credit draws and to determine if a sight draft is properly presented per the terms of the instrument.  Works with members on the restructuring of existing advances.

    ◾Capital Stock Operations:
         Manages the member-owned capital stock transactions for the bank, including purchases, redemptions, stock dividends, and repurchases, pursuant to the bank’s capital plan and federal regulations and statutes. Calculates member stock requirements and communicates requirements to member institutions as part of the annual capital stock verification required by the Capital Plan. Assists members with capital stock requirement questions and processes daily stock purchases for credit product and AMA transactions. Also prepares monthly and quarterly stock requirement reports by member institution for use by management and external stakeholders.

    ◾Reporting & Computer Processing
         Process and develop scheduled and ad-hoc reports related to credit products, capital stock, and membership to be used internally as well as supplied to external stakeholders including the Finance Agency. Utilizes Excel spreadsheet and Access databases to prepare information for distribution. Develops and coordinates related processes such as  disaster recovery  Works with the information technology teams in testing Credit application changes and improvements to enhance the departments’ ability to process advances and manage capital stock.  

    ◾Product Development
         Assists Advances Manager, the Chief Marketing Officer, and the Marketing department in the research and development of new advances products through product research and participating in meetings/conference calls with impacted stakeholders. 

    Position Requirements:
    ◾Bachelor’s degree in Business Administration, Accounting, Finance, or Management. 
    ◾Minimum of four years’ experience working with or directly in a financial institution, preferably in lending or financial analysis.  Management experience may offset some of the financial experience requirement.
    ◾Must have excellent verbal and written communication skills and the ability to interact with top management of the bank and our members.  
    ◾Proficiency with computer software such as Microsoft Access, Microsoft Excel and FIRE to analyze financial data.    
    ◾Must be detail-oriented and possess excellent analytical abilities.  
    ◾Must not have been convicted of any civil or criminal charge that would suggest a risk to bank security.
    ◾Ability to work full time.

     
    FHLBI is an Equal Opportunity Employer.
    Apply Now
  • Associate Director, Software Delivery

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    The Federal Home Loan Bank of Indianapolis (FHLBI) has an exciting opportunity to join our Software Delivery team.  We are seeking a highly motivated individual whose primary focus is to provide technology leadership and management support for the design, implementation, and operational aspects of the Bank’s business applications and Enterprise Data Warehouse.  Key contact between the business area and software development.

    The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The Bank reserves the right to alter or amend this description at any time.

    Specific Responsibilities:
    ◾Provide deep technical leadership to the application development and data warehouse teams and drive successful delivery of all projects
    ◾Foster a culture of creativity, collaboration, speed, innovation, and excellence while continuously elevating the quality and caliber of the software delivery department
    ◾Expected behaviors include accountability, adaptability, relationship building, highly communicative, decisiveness, empowering & influencing others
    ◾Understand the importance of strengthening the department through the development of team members. Provide challenging tasks and assignments and maintaining an active dialogue regarding performance.
    ◾Direct responsibility for quality, reliability, reusability, development cost, and development timeline of software solutions delivered.
    ◾Ensure applications are supportable, achieve business objectives, and anticipated benefits are in line with reference architecture and meet security/availability/disaster recovery standards.
    ◾Prioritize and manage development and implementation of enhancements and/or change requests by fostering collaboration with IT and business stakeholders.
    ◾Responsible for continually optimizing reusable design solutions and for maintaining them in high level of integration readiness.
    ◾Monitors and resolves any unresolved resource bottlenecks as priorities and projects timelines change. Responsible for quality of deliverables to manufacturing, service, and training. 
    ◾Works closely with the business community to assess and evaluate information needs and support the prioritization of initiatives.
    ◾Manages assigned personnel. Responsibilities include such decisions as hiring, training and development, work assignments, employee vacations, employee breaks, overtime assignment, back-up for absent employees, performance evaluations, promotions, salary increases, disciplinary actions, and terminations.
    ◾Work with Enterprise Architecture to ensure that the implementation of the design meet the architectural quality objectives
    ◾Coordinates with PMO, other IT staff, and business units to develop priorities and schedules
    ◾Responsible for defining departmental software standards and ensures adherence to standards including:
         ◦Application and Data Warehouse design
         ◦Information security
         ◦Build & Release process
         ◦Monitoring and Alerting process
         ◦Automation process
    ◾Define, implement and oversee the software development life cycle including:
         ◦Backlog grooming
         ◦Release planning
         ◦Sprint planning
         ◦Sprint execution

    Position Requirements:
    ◾Master’s Degree in Computer Science, Information Systems, or related technical field is preferred.
    ◾Strong background in application and data warehouse design, planning, and execution.
    ◾Must have excellent communication and interpersonal skills in order to communicate rapidly and effectively within the organization and to represent the company in a professional manner
    ◾10+ years of experience with C#.NET, VB.NET and ASP.NET in an agile environment
    ◾10+ years of experience with SQL Server or Oracle DBMS writing complex SQL queries
    ◾10+ years of experience with design, implementation, and support for data warehouse
    ◾Demonstrated ability to problem-solve complex technical issues requiring in-depth research and analysis
    ◾Strong management and leadership: 5 years (Required)
    ◾Strong hands-on development background
    ◾Experience in implementing quality guidelines, standards and procedures
    ◾Business experience with financial or accounting systems highly desired.
    ◾Capital Markets and/or Investment Banking experience highly desired.
    ◾Superior organizational, team, and leadership skills.
    ◾Strong written and oral communication skills.
    ◾Ability to work full time.

     FHLBank Indianapolis is an Equal Opportunity Employer
    Apply Now
  • PMO, Program Manager

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    The Federal Home Loan Bank of Indianapolis (FHLBI) has an exciting opportunity to join our Project Management Team.  The Program Manager is responsible for the governance, alignment, assurance, management, optimization, tracking and planning in support of the organization’s business and information technology strategies.  The Program Manager routinely provides supervision of multiple projects to achieve a corporate vision while leading a team and performs liaison activities with upper management and stakeholders.  Supervises a team of Project Managers to ensure adequate coverage of all projects within the assigned program.

    The following statements are intended to describe the general nature and level of work
    performed by persons assigned to the job.  They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified.  The Bank reserves the right to alter or amend this description at any time.

    Specific Responsibilities:
    ◾Support existing processes and recommend enhancements to processes for portfolio, program and project management.  
    ◾Continually assess the strategic value of projects within the portfolio and facilitate prioritization to drive best value outcome for the business and IT.  Create and execute plans supporting the portfolio roadmap through the definition of project scope, goals and deliverables.
    ◾Manage the assignment of project managers to projects to ensure adequate coverage of projects and distribution of workload across the Program team.  Defines resources and schedule for project implementation.
    ◾Support business case development, capacity planning, change management, and reporting.  Manage program and project risks and response plans for mitigation and contingency planning.
    ◾Provide visibility of project progress against budget, resource plans and schedule through reporting suitable for executive management audiences to make informed decisions and actions.
    ◾Serve as a trusted advisor to stakeholders by effectively communicating status in an appropriate form, proposing well thought out actions to address issues and risks (within the portfolio and across portfolios), and balancing cost/risk of change against benefits.  Ensure effective communication of key project information at all levels of the organization.
    ◾Develops and manages relationships throughout the organization to reinforce a culture of partnership and collaboration.  Communicates clearly on both one-on-one and group levels.
    ◾Facilitate and support regulatory compliance and audit activities.
    ◾Manages Project Management Office professionals including recruitment and hiring, goal setting, coaching and mentoring, employee recognition and training, and performance management.  Defines and articulates team and individual goals and identifies solutions to address staffing and/or workload challenges.
    ◾Other duties, as assigned.

    Position Requirements:

    ◾Bachelor’s Degree required; MS desirable.
    ◾PMI Project Management Professional (PMP), CSM or PMI-ACP Certification desired.
    ◾Minimum of ten years of experience in IT project management. 
    ◾Minimum of five years of experience in employee supervision preferred.
    ◾Strong background and skills in establishing and implementing governance principles and practices.
    ◾Ability to learn and adapt knowledge to domain specific business processes, products and services.
    ◾Practical skills in creating and managing strategic plans within a complex IT organization.
    ◾Demonstrable project management capabilities utilizing various implementation methodologies. (Agile, Waterfall, SCRUM).
    ◾Hands-on experience with resource management, cost management, and risk management. 
    ◾Experience leading projects and programs within and outside IT, as well as projects and programs that involved external providers is preferred.
    ◾Experience working in a PMO in medium to large organizations, with multi-functional teams.
    ◾Ability to move between strategic and tactical issues quickly.
    ◾Excellent interpersonal and communication skills (oral and written) to work effectively with all organization levels and build positive relationships.
    ◾Must not have been convicted on any civil or criminal charge that would suggest a risk to Bank security.
    ◾Ability to work in a heavily regulated environment.
    ◾Ability to work full time.
     
     FHLBI is an Equal Opportunity Employer
    Apply Now