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:

  • Project Manager

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join model risk management team. The Project Manager is responsible for project management practices supporting business and IT strategies and tactical execution. Provides business and IT leadership with analysis of in-flight and proposed projects using best practice metrics and measures enabling timely and effective decision making.  Ensures continuous alignment with the portfolio roadmap, schedule, quality and proposed benefits. Ensures risks and dependencies are identified and appropriately managed within the defined project to ensure investments achieve objectives.  

    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:
    -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.
    -Manage risks and response plans for mitigation and contingency planning.
    -Institute and govern agile project activities.
    -Become 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.
    -Provide visibility of project progress against budget, resource plans and schedule through reporting suitable for executive management audiences to make informed decisions and actions.
    -Ensure effective communication of key project information at all levels of the organization.
    -Identify, track and communicate agile project risks and interdependencies to stakeholders.
    -Evaluates performance of teams and projects to ensure alignment with technology objectives and strategic goals
    -Establish and enhance processes for portfolio, program and project management. 
    -Support the annual planning process to support business and portfolio management business cases and budget creation.
    -Facilitate and support Regulatory compliance and audit activities.

    Position Requirements:
    -Bachelor’s Degree required; MS desirable.
    -PMI Project Management Professional (PMP), CSM, or PMI-ACP Certification required.
    -Minimum of 3 years hands-on experience with Agile/Scrum methodologies.  Understanding of and experience with Kanban desired
    -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).
    -Experience with Rally or Jira Agile software a plus.
    -Hands-on experience with resource management, cost management, and risk management.
    -Experience with process improvement and process engineering preferred.
    -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.
    -Minimum 10 years’ experience in IT project management or supervisory experience.
    -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.

    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
  • Vendor Risk Internal Controls Analyst

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join the financial controls team. The Vendor Risk & Internal Controls Analyst is responsible for assisting in the identification, assessing, monitoring, and reporting of third-party providers of goods or services in accordance with the Vendor Management & Procurement Policy. In addition, the Vendor Risk & Internal Controls Analyst will support the establishment and maintenance of adequate internal control over financial reporting (‘ICFR’). 

    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 the identification and ranking of vendor risks and classification of vendors by risks and risk impacts.

    • Assist internal stakeholders and vendors with procurement procedures, vendor registration, and facilitating the procurement process.

    • Support and monitor workflows to ensure due diligence, risk assessment, and continuous vendor monitoring for adherence to the Vendor Management & Procurement Policy and Procedures.

    • Collaborate with internal stakeholders and compile data to track, measure, report, and evaluate vendor performance.

    • Work with manager and other personnel to identify and gather information around risks, operational risk events and findings from internal auditors, external auditors, and regulatory agencies.

    • Assist with third party risk management and diversity and inclusion awareness training maintenance and deployment.

    • Assist in the evaluation and monitoring of internal controls and related procedures that fulfill requirements of the Sarbanes-Oxley Act (regarding internal control over financial reporting) as well as internal risk management standards.

    • Assist with the annual ICFR risk assessment as part of determining the scope and extent of management’s testing of the design and operating effectiveness of ICFR.

    • Understand and apply relevant regulatory and legal compliance requirements.

    • Maintain documents, files and records for providing up-to-date references and audit trail for compliance.

    • Proactively work with management and peers to achieve department and Bank strategic initiatives.

    • Complete special projects as assigned.

    Position Requirements:

    • Bachelor’s Degree in a business related field, preferably finance or accounting.

    • 1-3 years’ experience working in vendor management, procurement or accounting preferred but not required.

    • Excellent problem-solving skills

    • Effective written and oral communication skills.

    • Solid computer skills and experience using the Microsoft Suite of products, with proficiency in Microsoft Excel.

    • 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. 

    FHLBank Indianapolis is an Equal Opportunity Employer.

    Apply Now
  • Records and Information Manager

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join the Legal team. The Records and Information Manager is responsible for developing and overseeing the daily operation and continued evolution of the bank’s Records and Information Management Program, which includes physical and electronic or digital records, and information and which involves the organization, inventory, storage, preservation, access, retrieval, and disposal or destruction of records and the protection of confidential and sensitive data, in accordance with applicable laws, Federal Housing Finance Agency (FHFA) regulatory requirements, industry best practices, and effective risk management principles.

    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:
    - Leads in identifying, assessing, recommending, and implementing improvements for the bank’s Program to ensure low risk and efficient Program operations. 
    - Establishes, oversees, coordinates, and promotes Program policies, procedures, and monitors departments’ implementation of the Program throughout the bank.
    - Provides guidance to staff in applying records management best practices. Partners and collaborates with all areas of the bank to improve and maintain the Program. 
    - Maintains and updates the bank’s Record Retention Schedule.
    - Designs training materials and implements training for staff and contractors on record management policy, procedures, and relevant Program requirements. 
    - Gathers information and explains processes to internal auditors, external auditors and the FHFA as needed.
    - Closely collaborates with Information Technology and Information Security to develop, implement, and monitor technology aspects of the Program.
    - Cultivates and maintains effective professional working relationships with management and staff to build consensus on solving business problems.
    - Performs other duties and completes special projects as assigned by management.

    Position Requirements:
    - Knowledge at a level normally acquired through the completion of a Bachelor’s degree in business, finance, library sciences, or a related discipline or equivalent experience in a related field.  Certified Records Manager or other related certifications is strongly preferred.
    - Five years of experience managing records and information management program in a financial institution. 
    - Understanding of Association of Records Managers and Administrators International’s Generally Accepted Recordkeeping Principles and other relevant Records and Information Management industry guidelines.
    - High degree of initiative and independence to produce effective and timely work, including development of the position’s responsibilities.
    - Verbal, written, and interpersonal skills to communicate effectively with all levels of bank staff.
    - Proficient with Microsoft Office, including Excel, and enterprise content/records management systems, imaging and emerging technologies. Experience with implementation of Enterprise Content Management Systems is strongly preferred. 

    FHLBank Indianapolis is an Equal Opportunity Employer.

    Apply Now
  • Information Technology (IT Planning & Governance) Intern 2018

    The Federal Home Loan Bank of Indianapolis is seeking an Information Technology (IT Planning & Governance) Intern. The student filling this position will handle a wide range of important duties.

    Responsibilities:
    •Establish, review and verify the IT related policies, standards, and procedures documentation.
    •Facilitates integration with Enterprise Risk and Internal Audit
    •Maintains and executes the IT Governance Program, system for assessing and reporting operational performance
    •Analyzes systems and data sets to identify exceptions and trends
    •Organizes large amounts of data into coherent and comprehensive reports
    •Interacts with multiple IT personnel to gather and create action plans

    Position Requirements:
    -Excellent oral and written communication skills.
    -Ability to manage multiple responsibilities and deliverable simultaneously.
    -Strong problem solving and investigation ability including risk assessment.
    -Self-confidence.
    -General business knowledge is helpful.
    -Strong organizational skills with attention to detail.
    -Coursework in Research & Data Analysis, Project Execution & Oversight, (prior internships)

     

    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 Computer Science, Business Administration, Finance, Accounting or Economics related majors.

     

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

    Apply Now
  • Model Risk Manager

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join the model risk management team. As a direct report to the Director of Model Risk Management and Validation, the incumbent of this position is responsible for leading the management of risk through the model lifecycle at the bank to ensure model risk management activities are consistent with the bank's 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 Responsibilities:
    ◾Leads identifying, managing, and mitigating the model risk through the model lifecycle. 
    ◾Understands and interprets current regulatory guidance (specifically FHFA’s Model Risk Management Advisory Bulletin 2013-07), and able to translate guidance into bank- specific policies and procedures.
    ◾Designs the proactive model risk management framework including model risk governance, model risk appetite, model risk identification, assessment, monitoring and reporting, and mitigation.
    ◾Assists the Director of Model Risk Management and Validation in the maintenance of the Model Risk Management Policy, Model Risk Management Framework, and Model Risk Management Procedure.
    ◾Responsible for the execution of a model control framework to include: model documentation standards, security, change, and version controls, performance tracking, data integrity, and technical model development standards to achieve a structured, disciplined approach to model development, implementation and use.
    ◾Leads periodical model review and model performance review
    ◾Follows up on recommendations with the model owner to ensure that they have been remedied.
    ◾Reports model risk information through monthly reporting and committee meetings.
    ◾Identifies emerging model risk issues impacting the bank and communicates to model developers, senior management, and the bank Governance Committee.
    ◾Works with Model Validation Team in MRMG, provides expert insight into various modeling and model validation issues. Leads or participates in model validations.
    ◾Establishes required action plans with model owners/developer and provides value-added recommendations to model owners/developers.
    ◾Develops and maintains effective partnerships with the model developers, model owners, business level management teams, Internal Audit, and the Federal Housing Finance Agency to demonstrate the operational soundness and effectiveness of the model risk management program at the bank.
    ◾Leads, manages, and develops model risk management staff to ensure sound model management practice is conducted.
    ◾Conducts research and analysis to maintain knowledge of best practices in model risk management, and current financial market information.

    Position Requirements:
    ◾An advanced degree with a concentration in 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 risk management).
    ◾At least three years’ experience in model risk management is required. Two plus years of experience leading model risk management and staff is preferred. Three plus years of experience in financial model validation is preferred.
    ◾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 including 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.
    ◾Excel modeling and VBA programming experience is required. Other analysis/modeling skills, such as R, MATLAB, or @RISK, desirable.
    ◾Detail-oriented.  Ability to assume complex assignments with minimal direction.
    ◾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.
    ◾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
  • General Accountant

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join our Accounting team. Primarily responsible for accounts payable and expenses accounting. This includes reporting to management and regulatory agencies including documentation of procedures and performance of assigned controls. Will also assist in record retention for the General Ledger and Accounts Payable 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:

    •  Responsible for accounting related to the processing of the bank’s invoices, credit card charges, and employee expense reports. This includes proper and accurate general ledger account coding and production of internal and external reports.
    • Responsible for timely and accurate reporting of all 1099 and 1042 activity in compliance with IRS guidelines including the maintenance of a complete inventory of W-9’s for all vendors to support the accurate reporting of tax information.

    • Preparation of monthly and quarterly data for reporting internally and to the Office of Finance and Federal Housing Finance Agency.

    • Ensure timely electronic availability of General Ledger and Accounts Payable records for internal users.  

    • 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.  

    • Maintain accurate and complete procedures for assigned areas.  

    • 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. CPA candidate preferred.  

    • Ability to identify, analyze, and resolve accounting and reporting problems through automated or manual procedures. 

    • Solid computer skills and experience using the Microsoft Suite of products, with proficiency in Microsoft Excel.

    • 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.             

    FHLBank Indianapolis is an Equal Opportunity Employer

    Apply Now