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:

  • Member Services Administrative Coordinator

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join our Marketing team. Responsible for handling a variety of member requests related to credit products (advances, lines of credit) including executing basic advance transactions and overseeing line of credit products. Prepares and assembles documentation and paperwork necessary for the processing of daily advances activity. Responsible for maintaining permanent credit related files for all members and providing administrative support for the Advances Desk and the Chief Business Development Officer.

    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:

    ◾Credit Products
      ◦Advance Request Processing: Responsible for taking incoming phone calls on the Credit 800 line, answering credit-related questions and assisting members with basic credit questions. Communicates bank policies regarding credit products to members and can make the initial determination in regards to a member’s ability to access bank products. Executes variable-rate and fixed-rate advance products.  Routes phone calls to appropriate staff or to other departments and covers incoming phone calls for Marketing management and staff.  
    ◦Line of Credit: Administers the bank’s line of credit product to its members.  Collaborates with members during the applications process. Executes lines of credit once all proper documentations is received. Assists members with renewing lines of credit upon maturity or terminating lines of credit at members’ request. Asses line of credit usage and determines if a non-usage fee needs to be charged. Collaborates with Financial Controls to make sure non-usage fees are appropriately charged.
    ◦Also responsible for maintaining member correspondence related to lines of credit, maturing advances, advance rate resets, advances specials, and updating current Resolutions for advances.    

    ◾Membership
    ◦Membership Consolidation: Oversees the internal processing of member-to-member mergers and member-to non-member mergers. Collaborates with multiple functional areas in the Bank to make sure consolidation process is done timely and accurately.  Handles all post-consolidation required documentation including facilitating the proper execution of the Assignment & Assumption Agreement, if necessary.

    ◾Advances/Credit Documentation
    ◦Primary Custodian: Responsible for coordinating the preparation and delivery of credit related documents for proper execution. Tracks agreements through the execution process and records receipt of agreements and prepares them for scanning and filing.  Conducts periodic credit and collateral file audits to ensure they are complete.  Also responsible for scanning and filing additional departmental documents as needed.
    ◦Record Retention: Manages the department’s record retention efforts by adhering to all record retention policies.
    ◦Corporate liaison: Serve as the department’s representative on various record retention and content management working groups and committees.

    ◾Reporting
    ◦Regular Reporting: Prepares various daily, weekly, monthly, and quarterly reports such as management reports, activity reports, management committee reports, Board of Director reports, and member borrowing capacity reports for distribution internally and externally.
    ◦Ad Hoc: Assists management with the development of ad hoc reports and presentations.

    ◾Budget
    ◦Coordinate the annual budget process for the marketing group. Consolidate the budgets from the relative functional areas and present consolidated budgets to the group managers.  Work closely with Financial Controls in making sure that budget is tracked properly throughout the year and to make sure expenses are being allocated appropriately.

     ◾Administrative Support
    ◦Provides support for member-wide projects and provides back-up administrative support for the Marketing department. Assists with scheduling travel arrangements for meetings and conferences for marketing management.

    ◾Computer Processing
    ◦Utilizes various PC tools such as FHLBank Indianapolis Integrated Financial System, Microsoft Word, Excel, PowerPoint and Access in order to process the paperwork for daily advance activities and prepare daily, weekly, monthly, and quarterly reports.

    ◾Ability to interact professionally with members’ managers and executives.                 

       
    Position Requirements:
    ◾Bachelor’s degree with a focus in Business Administration or related field. 
    ◾Proficiency in Microsoft Excel, Word, Outlook, Access and PowerPoint.  Ability to use data entry, imaging and scanning equipment. 
    ◾Understanding of basic accounting and financial principles.
    ◾Communicate and interact effectively with management, peers and supervisors.
    ◾Must be detail-oriented, very organized and capable of establishing own priorities to achieve personal and department goals.  
    ◾Must not have been convicted on 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
  • Capital Markets Analyst II

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join our Treasury team. Provide operational and decision-making support to Treasury activities related to Treasury asset /liability management and assuring compliance with all requisite bank policies.  

    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
    ◾Coordinate daily activities related to funding, derivative, and investment trading such as transaction recording, affirming cleared derivatives, and interacting with counterparties on issues or trades.   
    ◾Provide analysis using Calypso to support decisions related to funding, advance hedging, balance sheet hedging, and derivative counterparty credit risk exposure.   
    ◾Develop and implement procedures for accurate and reliable data insuring that all transactions and documentation is correct and complete and in compliance with bank policies.  
    ◾Function as liaison with other departments, including Financial Controls, Enterprise Risk Management, and Information Technology. 
    ◾Support configuration and testing of future Calypso releases and other systems that may be developed or purchased for Treasury. 
    ◾Prepare reports for Capital Markets management related to the monitoring of the funding, derivatives, and investment portfolios. This includes the monthly Treasury reports and information for the Banks management committees and Board of Directors. 
    ◾Analyzes issues effectively. 
    ◾Works with management to achieve goals. 
    ◾Communicates and interacts effectively with peers and supervisors. 
    ◾Deals appropriately with the public. 
    ◾Ability to problem-solve effectively. 

    Position Requirements
    ◾BS with concentration in business, economics, accounting, or finance.
    ◾0 - 3 years of experience working in a financial institution.  
    ◾Excellent analytical and communication skills. 
    ◾Extensive knowledge of Microsoft Office Applications including excel, power point, access and word. Experience with Bloomberg, PolyPaths, or Calypso preferred.
    ◾Ability to make decisions in unprecedented situations and coordinate multiple tasks simultaneously. 
    ◾Must not have been convicted on any civil or criminal charge that would suggest a risk to bank security. 
    ◾Ability to work full time. 

    FHLBank  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