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:

  • Capital Markets Analyst II

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a motivated individual to join our Treasury team. The Capital Markets Analyst II will 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.  

    - Ability to uphold and model the bank’s guiding principles. 

      The Federal Home Loan Bank of Indianapolis is an Equal Opportunity Employer.  

    Apply Now
  • Intern-Human Resources

    Are you interested in an internship that provides you an opportunity to turn your related coursework into real world business experiences? Do you thrive on fostering collaboration with others and working with a team? The Federal Home Loan Bank of Indianapolis is seeking a well-rounded and motivated individual to join our Human Resources department for our summer internship program. The student filling this position will handle a wide range of important duties.

    During FHLBank’s 10-week paid summer internship program, you will be provided the opportunity to gain first-hand knowledge in the finance industry, network with industry leaders in our field and develop your skills. Interns participate in a variety of activities while on-site including group project work, teambuilding, community service-related initiates and dining etiquette, just to name a few. We seek individuals who thrive in challenging and diverse environments, are motivated goal achievers and having a willingness to learn.

    Responsibilities:
    •Assist in full lifecycle talent acquisition processes in partnership with the HR Business Partners
    •Assist with workforce outreach efforts (i.e. offsite career fairs, networking events, posting to Linkedin, Glassdoor etc.)
    •Coordinate the on/off-boarding and tracking of the banks contractor staff
    •Provide support to HR staff with other tasks, projects and/or administrative responsibilities as needed

    Position Requirements:
    1.Effective written and oral communication skills
    2.Ability to take instruction and work independently, as well as in a team setting
    3.Strong organizational skills with attention to detail
    4.Analytical and problem-solving skills
    5.Proficiency in Microsoft Office applications
    6.Working knowledge of HRIS, preferred
    7.Familiarity with Social Media marketing, preferred

    Program Features & Requirements:
    •Interns are paid a competitive hourly rate.
    •Our intern program is for students that have completed at least their sophomore year. Graduate students and MBA students are preferred for this role.
    •Applicants should be Human Resources Management, Business Administration, or related majors.

    The Federal Home Loan Bank of Indianapolis is an Equal Opportunity Employer.  
    Apply Now
  • Compensation and Benefits Manager

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a motivated individual to join the bank's Human Resources team. Under the general supervision of the Chief HR and D&I Officer, the Compensation and Benefits Manager will manage the overall administration and communication of the employee benefit and compensation program. They will participate in the strategic planning and development of policies/procedures, new programs and technology to ensure progressive total rewards in a competitive recruitment and retention environment. This individual ensures compliance of compensation programs, including payroll, with the various governing agencies and laws. This individual will manage the HR Operations Generalist.  

    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:  

    • Responsible for the design, implementation and ongoing evaluation of the compensation and benefits programs, including base pay, incentive pay, health and wellness benefits (medical, dental, vision, flexible spending accounts and health savings accounts), life insurance, worker’s compensation and retirement benefits, in addition to coordinating with benefits brokers and plan carriers. 
    • Serves as the HR liaison on the Bank’s Retirement Benefits Oversight Committee.  
    • Provides ongoing comparative analysis of the Bank’s Defined Contribution, Defined Benefit, Life and LTD plans for strategic positioning to enhance employee retention and recruiting. Research, analyze and make recommendations to existing benefits plans/processes. Prepares proposals and presentations for revisions and improvements to current practices. Responsible for ensuring programs support the organization’s business objectives, meet employee’s needs, comply with legal requirements and are cost effective. 
    • Oversees executive compensation program, including: (1) compensation program evaluation, design and implementation; (2) benchmarking and setting compensation targets; (3) year-end compensation and reporting; and (4) managing executive compensation programs. 
    • Leads the annual comprehensive compensation process including design, administration, distribution, communication and training for the Bank to ensure the Bank’s competitive environment, consistent with compensation trends and the Bank’s Compensation Philosophy.  
    • Manages compensation bench-marking, including managing third party compensation vendors, serving as the liaison for the FHLB System Surveys. 
    • Manages all necessary routine and non-routine functions required for the biweekly processing of payroll for the purpose of accurate and timely distribution of employee pay. 
    • Responsible for all Federal Housing Finance Agency data submissions related to compensation and benefits, i.e., incentive compensation, deferred compensation, new hire, termination and any other ad hoc compensation requests. 
    • Evaluates, monitors and documents all human resource compliance including internal control and related procedures within the HR department that fulfill requirements of the Sarbanes-Oxley Act as well as FHLBank and internal risk management standards. Designs controls to safeguard the validity of data provided to Accounting. Responsible for the payroll 404 process. Responsible for obtaining SOC1 reviews for compensation/benefits vendors, as applicable. Responsible for HRIS and departmental security reports. Assists with the drafting and ongoing disclosure requirements of the CD&A. 
    • Prepares annual budget for cost centers 39, 40, and 43. Reviews monthly charges to these cost centers and monitors where expenses are relative to the budget. Tracks all benefit-related expenses on a regular basis. 
    • Maintaining updated policy documents and operating procedures and providing exception reports in accordance with our compliance guidelines and in response to Internal Audit and or Enterprise Risk Management requests.  
    • Provide oversight to the management of the Human Resources Information System to ensure accurate and timely data management/retrieval, system upgrades and conversions. 
    • Oversees the mid-year and annual performance review process. 
    • Responsible for keeping all Emergency Management documents up to date. 
    • Responsible for HR Business Continuity Plan. 
    • Assists in development and maintenance of various HR metrics and periodically providing data for the Office of Diversity and Inclusion. 
    • Assists in conducting various training, including: open enrollment, new/existing manager, performance management, HR systems, etc.  
    • Maintains contact with employees, managers, and those outside the Bank for the purpose of servicing internal and external inquiries and requests related to compensation and benefits.  

     

     Position Requirements:

    • A bachelor’s degree and 7+ years’ Human Resources experience, OR a master’s degree in Human Resources Management or an MBA and 5 years’ experience in the HR field, OR any similar combination of education and experience. 
    • Working knowledge of employee benefit (including retirement plans) program administration, compensation plans, FMLA, and COBRA administration at a level normally acquired through 5 years of progressive experience. 
    • Five years of HCM experience, preferably with Workday, or other similar HRIS and data management systems/software. Certified Compensation Professional (CCP) and Certified Payroll Professional (CPP) certifications are a plus. Must have a working knowledge of accounting concepts. Strong math reasoning ability and proficiency with software applications. 
    • Knowledge of FMLA, HIPAA, COBRA and other federal, state and local regulations. 
    • Knowledge of SEC reporting requirements as relates to executive compensation is a plus. 
    • Proficient in Excel, with the ability to analyze, forecast and project data to aid in decision making.  
    • Strong analytical skills necessary in order to recommend and aid in the implementation of departmental policies and procedures and interpret Wage and Hour and FMLA laws and regulations. Solid understanding of laws, regulations and theories.  
    •  Proficient in Microsoft Office 365 tools (particularly Excel), and the ability to analyze data to make decisions and recommendations for action even in instances where all data or outcomes are uncertain. 
    • Previous supervisory experience preferred. 
    • CEBS or SHRM/SPHR certification preferred. 
    • Excellent communication, interpersonal and negotiation skills. 
    • Must be very organized and detailed-oriented. Ability to perform multiple diverse tasks simultaneously and under pressure to meet deadlines. Ability to maintain confidentiality. 
    • 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. 

       

     

    The Federal Home Loan Bank of Indianapolis is an Equal Opportunity Employer. 

    Apply Now
  • Intern-Enterprise Risk Management

    Enterprise Risk Management Intern
    Summer 2020

    Are you interested in an internship that provides you an opportunity to turn your related coursework into real world business experiences? Do you thrive on fostering collaboration with others and working with a team? The Federal Home Loan Bank of Indianapolis is seeking well-rounded and motivated individuals to join our Enterprise Market/Credit Risk department for our summer internship program. The student filling this position will handle a wide range of important duties.

    During FHLBank’s 10-week paid summer internship program, you will be provided the opportunity to gain first-hand knowledge in the finance industry, network with industry leaders in our field and develop your skills. Interns participate in a variety of activities while on-site including group project work, team building, a service project and dining etiquette, just to name a few. We seek individuals who thrive in challenging and diverse environments, are motivated goal achievers and having a willingness to learn.

    Responsibilities:
    •Assist with day-to-day credit risk monitoring of member and non-member credit, including regulatory compliance monitoring
    •Completing reports of credit risk analysis of counterparties and other reports as assigned
    •Assist with day-to-day operations of the market risk modeling functions
    •Collaborate in updating End-User-Computing (EUCs) applications and Model related EUCs (MEUCs)

    Position Requirements:
    1.Effective written and oral communication skills
    2.Ability to take instruction and work independently, as well as in a team setting.
    3.Strong organizational skills with attention to detail
    4.Analytical and problem-solving skills

    Program Features & Requirements:
    •Interns are paid a competitive hourly rate.
    •Our intern program is for students that have completed at least their sophomore year. Graduate students and MBA students are highly encouraged to apply.
    •Applicants should be Business Administration, Finance, Statistics, Mathematics or Accounting majors.

    The Federal Home Loan Bank of Indianapolis is an Equal Opportunity Employer. 
    Apply Now
  • IT Business Analyst

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a motivated individual to join our Project Management 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.
    •Provide targeted support on various business and Information Technology processes. 
    •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 2-3 years banking experience or 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.

    The Federal Home Loan Bank of Indianapolis is an Equal Opportunity Employer. 

    Apply Now
  • CID Outreach Partner - Detroit

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity within the Community Investment Department. The CID Outreach Partner - Detroit is responsible for coordinating outreach events and initiatives in the Detroit market and assisting with outreach events throughout the district. Key responsibilities will include working with the Community Investment Officer (“CIO”) regarding enhancements to bank programs; coordination of outreach events; development of newsletter articles and outreach materials; and identification of organizations for partnership opportunities. 

    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. 

    - Organize and coordinate the planning, administration and execution of activities related to the outreach and promotion of the Bank’s Community Investment products, specifically in the Detroit market and state of Michigan. 

    - Work with the CID Outreach Analyst and the Office of Diversity & Inclusion to develop the strategy and focus for the annual outreach plan. Coordinate and assist in executing the plan. 

    - Work with CIO regarding attendance and/or participation in affordable housing and economic development conferences and forums sponsored by federal, state and local government agencies and housing organizations that would benefit the bank. 

    - Work with the CID Outreach Analyst to plan, manage, and coordinate bank-sponsored affordable housing and economic development conferences, training seminars, webinars, Community Mentors and group forums. Work with other departments as appropriate to secure venues and manage meeting logistics. 

    - Work closely with the CIO and Corporate Communications to identify opportunities to  link AHP events with senior management, Board members, and local  government officials. 

    - Assist in the planning, research and preparation of the bank’s annual Community Lending Plan and Community Investment Annual Report. 

    - In conjunction with the CIO and operations managers, develop and facilitate surveys and other information gathering initiatives among the Federal Home Loan Banks, sponsors, housing advocacy groups, the bank’s Affordable Housing Advisory Council, member institutions, etc. Prepare reports of survey results. 

    Position Requirements

    - Bachelor’s Degree or direct work experience in Affordable Housing required, with a focus in Accounting, Finance, Business Administration, Real Estate, Urban Planning, or Affordable Housing. General knowledge of business administration and basic technology, finance and accounting principles essential. 

    - Knowledge of Detroit market, affordable housing landscape, community development initiatives, CDFIs and other stakeholders. 

    - Experience working with non-profit organizations a plus. 

    - Ability to provide a variety of inter-related and non-standard assignments and resolve a wide range of issues preferred. 

    - Must possess exceptional organizational skills, the ability to prioritize, and be detail- oriented. 

    -Excellent written and oral communication skills including public speaking. 

    - Intermediate level expertise of Microsoft Office products to include: Word, Excel, Adobe, and Powerpoint® preferred. 

    - Possesses sound judgment and excellent customer service skills to handle sensitive situations with tact and diplomacy. 

    - Availability for up to 25% overnight travel (including travel to Indianapolis during the interview process and initial monthly training periods). 

    - Ability to work remote (from home) periodically. 

    - Ability to lift 20-25 lbs. 

    - 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 adhere to the bank’s guiding principles. 

      The Federal Home Loan Bank is an Equal Opportunity Employer. 

    Apply Now