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:

  • Financial Instruments Accountant II

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join our Financial Controls team. This individual will be primarily responsible for the accounting of financial instruments as assigned. This could include investments, discount notes, regular debt, derivative debt, mortgage loans, mortgage-backed securities, advances, capital stock, cash accounts, member deposits, AHP programs and/or derivatives.  

    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: 
    - Perform accounting activities including, but not limited to, transaction verification, reconciliation, and journal entry preparation.  
    - Preparation of monthly and quarterly data for reporting to the Office of Finance and Federal Housing Finance Agency. Also responsible for the completion of schedules required to support the bank’s SEC and board reporting process. 
    - Adhere to daily/monthly close schedule and internal / external reporting deadlines. 
    - Responsible for ensuring compliance with GAAP, FHFA directives, Sarbanes-Oxley requirements and the bank’s accounting policies. Includes complete, accurate and timely performance of assigned controls. 
    - Assist in resolving inquiries from the external auditors, internal auditors and FHFA examiners, including preparation of schedules. 
    - Maintain accurate and complete procedures for assigned duties. 
    - Serve as a liaison between Systems Development staff, external software vendors and the Financial Control division to facilitate the resolution of system issues. Implement system upgrades and modify reports to accommodate versions of new software releases. 
    - Participate in the determination, implementation and automation of proper accounting procedures and internal controls for emerging or evolving financial products.  
    - Proactively work with management and peers to achieve department and Bank strategic initiatives. 
    - Complete special projects as assigned. 
    - Provide backup support for various functions, as assigned. 

    Position Requirements
    - B.S. in Accounting with 3 to 7 years’ experience with financial instruments accounting or other commensurate experience that demonstrates a thorough knowledge in accounting principles and internal control concepts. CPA preferred. 
    - Ability to identify, analyze, and resolve accounting problems through automated or manual procedures. 
    - Strong computer skills and experience using the Microsoft Suite of products. 
    - Effective written and oral communication skills. 
    - Ability to work independently and as part of a team under pressure while adhering to strict deadlines. 
    - Ability to set priorities and organize daily workflow. Detail oriented with a high level of accuracy. 
    - Ability to work full time. Adheres to workplace rules and normal working hours. Some overtime may be required. 
    - Must not have been convicted on any civil or criminal charge that would suggest a risk to bank security. 
    - Ability to uphold the bank’s guiding principles 

    FHLBank Indianapolis is an Equal Opportunity Employer.  
    Apply Now
  • Senior Financial Instruments Accountant

    This is an exciting opportunity to join the Federal Home Loan Bank of Indianapolis in our Financial Controls division. Primarily responsible for the accounting of financial instruments as assigned. This can include investments, discount notes, regular debt, derivative debt, mortgage loans, mortgage- backed securities, advances, capital stock, cash accounts, member deposits, AHP programs and/or derivatives. Serves as a primary support position for the Financial Accounting Manager and provides backup support to other accounting functions. 

    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:
    - Perform accounting activities including, but not limited to, transaction verification, reconciliation, and journal entry preparation. 
    - Preparation of monthly and quarterly data for reporting to the Office of Finance and Federal Housing Finance Agency. Also responsible for the completion of schedules required to support the Bank’s SEC and board reporting process.
    - Adhere to daily/monthly close schedule and internal / external reporting deadlines.
    - Responsible for ensuring compliance with GAAP, FHFA directives, Sarbanes-Oxley requirements and the bank’s accounting policies. Includes complete, accurate and timely performance of assigned controls.
    - Assist in resolving inquiries from the external auditors, internal auditors and FHFA examiners, including preparation of schedules.
    - Maintain accurate and complete procedures for assigned duties.
    - Serve as a liaison between Systems Development staff, external software vendors and the Financial Control division to facilitate the resolution of system issues. Implement system upgrades and modify reports to accommodate versions of new software releases.
    - Participate in the determination, implementation and automation of proper accounting procedures and internal controls for emerging or evolving financial products. 
    - Proactively work with management and peers to achieve department and bank strategic initiatives.
    - Complete special projects as assigned.
    - Provide backup support for various functions, as assigned. 

    Position Requirements:
    - B.S. in Accounting with a minimum 5 years’ experience with financial instruments accounting or other commensurate experience that demonstrates a thorough knowledge in accounting principles and internal control concepts. CPA preferred.
    - Ability to identify, analyze, and resolve accounting problems through automated or manual procedures.
    - Strong computer skills and experience using the Microsoft Suite of products.
    - Effective written and oral communication skills.
    - Ability to work independently and as part of a team under pressure while adhering to strict deadlines.
    - Ability to set priorities and organize daily workflow. Detail oriented with a high level of accuracy.
    - Ability to work full time. Adheres to workplace rules and normal working hours. Some overtime may be required.
    - Must not have been convicted on any civil or criminal charge that would suggest a risk to bank security.
    - Ability to uphold and model the bank's guiding principles. 

    FHLBank Indianapolis is an Equal Opportunity Employer  

    Apply Now
  • Senior Model Validation Analyst

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join our Enterprise Risk Management team. The Senior Model Validation Analyst will work under the Model Validation Manager to validate financial models throughout the bank in order to assess model reasonableness, weaknesses, and risks. The analyst will interact with model owners across the Bank to understand current model performance, development activities, and emerging risks. 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:

    • Lead model validations for various types of financial models, including credit risk, valuation, and ALM models.
    • Lead annual and ad-hoc risk reviews for financial models around the bank.
    • Provide expert insight into various modeling and model validation issues. Recommend required action plans to model owners/developers.
    • Interact with third-party model validators throughout the entire validation process, from scoping, to contracting, to finalizing reports and interpreting findings.
    • Assist the Model Validation Manager to manage the bank’s model inventory, planning of the model validation schedule, and tracking of model validation findings.
    • Lead periodical model performance review. 
    • Understand current regulatory guidance (specifically FHFA’s Model Risk Management Advisory Bulletin 2013-07) and apply regulations in assessing bank models. 
    • Conduct research and analysis to maintain knowledge of modeling best practices, model validation techniques, and current financial market information. 

    Position Requirements:

    • Advanced degree with a concentration in Financial Engineering, Economics, Mathematics, Statistics, or some other quantitative discipline.
    • Experience working in a related field, such as model risk management, financial modeling, quantitative analysis, or risk management.
    • Working knowledge of risk management and modeling best practices.
    • Understanding of financial market concepts and instruments, including mortgages and MBS, derivatives, fixed-income, prepayment forecasts, interest rate forecasts, credit loss models, and stress testing.
    • Excel modeling experience required. Other analysis/modeling skills, such as R, MATLAB, or @RISK, desirable.
    • Understanding of current regulatory guidance on model risk management, including FHFA’s AB 2013-07, OCC Bulletin 2011-12, or FRB SR 11-17, desirable.
    • High degree of initiative, strong analytical skills, excellent oral and written communication skills, and the ability to interact effectively with management.  
    • 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.
    • Ability to uphold and model the bank’s guiding principles.

    FHLBank Indianapolis is an Equal Opportunity Employer.

    Apply Now
  • IT Business Analyst

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join our Project Management Office team. The IT Business Analyst works under the direction of the Manager, IT Business Analysis for the purpose of eliciting, documenting, validating, socializing, and modeling solution requirements and business processes in the course of developing and/or selecting technology based solutions. In addition, the Business Analyst will assist in project planning, estimation, and reporting activities and may serve as a subject matter expert on one or more mission critical systems. 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:
    - Serve as liaison between Information Technology and business units for the purpose of eliciting, documenting, validating, socializing, and modeling requirements and business processes. 
    - Work with business units to identify strategic and tactical improvements and/or opportunities and work with IT management to assist in the prioritization of those needs. 
    - Assist in project planning, estimation, and reporting activities. 
    - Become a subject matter expert on the various business processes and one or more mission critical systems(e.g. LAS).
    - Assist software development teams with problem analysis, tracking, and resolution.
    - Assist in assessing viable solutions.
    - Assist quality assurance in defining test plans and test cases.
    - Complete special projects as assigned.  

    Position Requirements:
    - B.S. in management information systems,finance, and/or computer science.
    - Minimum of five(5)years of experience in IT with a focus on requirements management.
    - Demonstrable knowledge of business concepts applicable to finance and accounting.
    - Willingness to become a knowledgeable resource on business processes and mission critical systems(e.g. LAS).
    - Basic project management/administration skills.
    - Ability to conceptually model solutions using a variety of standard notations and viewpoints.
    - Excellent oral and written communication skills.
    - Must be able work outside normal hours of 8 AM to 5 PM as needed to meet objectives.
    - Must not have been convicted on any civil or criminal charge that would suggest a risk to bank security.
    - Ability to work full-time.
    - Ability to uphold and model the bank’s guiding principles.  

    FHLBank Indianapolis is an Equal Opportunity Employer.

    Apply Now
  • Lending Associate

    Execute credit products transactions including loans (Advances), lines and letters of credit to assist member financial institutions with their funding and risk management needs. Assists in the execution of all member capital stock transactions in accordance with the bank’s capital plan. Develops and prepares routine reports related to credit products and capital stock. 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
    Interacting directly with member financial institutions to execute and fulfill credit product requests. Responsible for managing the member services 800 line and discussing credit products, pricing, and alternatives with members. Produces advances documentation to recommend approval or denial of the credit extension to the Lending Officers, Advances Manager, and/or the Chief Business Development Officer. Transact letters of credit with members and other parties and process letter of credit sight drafts. 

    Capital Stock Operations 
    Assists members in understanding the Bank’s capital plan and related capital stock requirements. Administer related capital stock transactions including purchases, redemptions, and repurchases. 

    Reporting & Computer Processing
    Process and develop regularly 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 when necessary to prepare information for distribution. Maintains all controls and documentation related to internally developed end user computing applications to reduce operations risk. 

    Miscellaneous Duties
    Maintain procedures related to all credit product transactions, capital stock processing, and reporting. Function as liaison with other departments, including Treasury, Financial Controls, Enterprise Risk Management, and Information Technology. Coordinates and develops related processes such as business continuity planning and implementation. 

    Position Requirements: 

    • Bachelor’s degree in Business Administration, Accounting, Finance, Economics, or Management. 
    • One to three years’ experience preferably in capital markets, lending, or financial analysis. 
    • Must have excellent verbal and written communication skills and the ability to interact with top management of the Bank and our members. 
    • Proficiency with MS Office applications. 
    • Ability to make timely decisions and effectively prioritize, and coordinate multiple tasks simultaneously. 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. 
    • Ability to uphold and model the bank’s guiding principles.

    FHLBank Indianapolis is an Equal Opportunity Employer 

    Apply Now