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:

  • 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
  • Model Risk Analyst II

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join our Enterprise Risk Management team. The Model Risk Analyst II 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:

    • Participate in model validation projects for various types of financial models, including credit risk, valuation, and ALM models, including performing quantitative analyses and tests, backtesting, benchmarking, and/or sensitivity analysis and assessing the effectiveness and sufficiency of model controls.
    • Generate validation reports or memos detailing the validation approach, analyses conducted, and conclusion of the validation. Present findings and recommendations to model owners and relevant stakeholders.
    • Perform periodical model performance review. Participate in annual and ad-hoc risk reviews for financial models around the bank.
    • Assess the remediation of model validation issues and assist in monitoring the Bank’s model risk exposure.
    • Assist in managing third-party model validation projects throughout the entire validation life cycle, including scoping, vendor selection and engagement, tracking validation progress, acting as a liaison between the validator and the model owner, communicating findings, and reviewing deliverables.
    • Assist in other model risk management activities such as maintaining the Bank’s model inventory, planning of the model validation schedule, tracking of outstanding model validation findings, and generating periodical model risk related reports to relevant committees and stakeholders.
    • Conduct research and analysis to understand current regulatory guidance, 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, or commensurate education or internship experience, desirable.
    • Solid knowledge of statistics and mathematics required. Working knowledge of risk management and modeling best practices.
    • Understanding of fixed-income market concepts and instruments, including mortgages and MBS, interest rate derivatives, prepayment projection, interest rate forecasting, credit loss models, and stress testing.
    • Excel/VBA modeling experience required. Other modeling/programming skills, such as R, Python, MATLAB, FiNCAD, or Bloomberg, desirable.
    • Strong writing and communication skills. Ability to write clear technical reports and memos. Must be able to communicate and maintain relationships with model owners and other stakeholders, and interact effectively with management.
    • 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.
    • Ability to manage multiple projects, including working with internal stakeholders and outside vendors.
    • Ability to work collaboratively, engage positively, self-motivate, and possess a strong desire to learn.
    • FRM or CFA 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.
    • Ability to uphold and model the bank’s guiding principles.

    FHLBank Indianapolis is an Equal Opportunity Employer.

    Apply Now
  • Intern - Human Resources

    Human Resources Summer Intern 2019

    The Federal Home Loan Bank of Indianapolis is seeking a Human Resources Intern. The student filling this position will handle a wide range of important duties. 

    Responsibilities:

    • Assisting with the development and redesign of our on-boarding and orientation process
    • Assist with various Office of Minority and Women inclusion strategic planning strategies and initiatives
    • Recruiting assistance and workforce outreach, including internal and external events
    • Compilation of HR data
    • HR E-filing and I-9 self-audit

    Position Requirements:

    • Currently pursuing a Business or Human Resources degree program with an interest and aptitude to work in Human Resources
    • Ability to prioritize tasks and handle numerous assignments simultaneously; self-starter, ability to effectively learn and acquire new knowledge and skills; detail oriented
    • Exceptional written (strong grammatical) and oral communication skills
    • Proficient in Microsoft Office applications (preferably proficient in Excel)
    • Coursework in Gender Studies, Business, Organizational Leadership and Ethics-related courses

    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, Human Resources or Organizational Leadership majors.

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

    Apply Now
  • Intern - Internal Audit

    Internal Audit Summer Intern 2019
    The Federal Home Loan Bank of Indianapolis is seeking an Internal Audit Intern. The student filling this position will handle a wide range of important duties.

    Responsibilities:

    • Assist with the testing of SOX key controls
    • Assist with the completion of financial and Information Technology audit work
    • Assist the Associate Director of Financial Audit or other Audit Department members with various projects

    Position Requirements:

    • Excellent written and oral communication skills
    • Ability to take instruction and work independently as well as in a team setting. 
    • Strong organizational skills with attention to detail and ability to multi-task. 
    • Coursework in Finance, Accounting, and Management Information Systems 
    • Intermediate skills in Microsoft Office applications (Word and Excel)

    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 Finance, Accounting, or Management Information Systems majors.

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

    Apply Now
  • IT + Administrative Services Coordinator

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join the bank's Information Technology team. The IT and Administrative Services Coordinator will be responsible for managing and executing invoices and payment processing for IT and Administrative Services. They are also responsible for providing administrative support to the Chief Information Officer and the managers within the IT department. 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: 
    •Provides administrative support for Chief Technology Officer, including but not limited to travel, calendar, and expense report management. 
    •Schedules, prepares, and compiles meeting materials for Information Technology-related committees (Board and Bank), and working groups (as needed), including posting of applicable materials to FHFA and Board Portals, meeting minutes, etc.  
    •Manages Information Technology and Administrative Services invoice processing, including working closely with Information Technology managers, Vendor Management Office and Financial Controls. Provides recommendations for process improvements and works closely with Director, IT Planning & Governance to implement changes and recommendations to the process. 
    •Establishes and maintains confidential and non-confidential files and records. 
    •Prepares various reports that involve gathering data, summarizing information, and compiling into appropriate format for the Chief Technology Officer. 
    •Schedules and coordinates on-site and off-site meetings, luncheons, etc. Makes travel arrangements as required. 
    •Serves as a primary point of contact for the on-boarding of Information Technology-related vendors. Works closely with Vendor Management to ensure Information Technology vendors are registered on the portal before they engage with Information Technology personnel. 
    •Provide back-up assistance to the Administrative Services receptionists, including working the reception desk and providing assistance as needed. 
    •Exercises diplomacy and good communication skills in receiving visitors and telephone inquiries. Supplies information that requires knowledge of functional organization and procedures. 
    •Provides recommendations for changes in policies or procedures to improve efficiency and cost effectiveness of office operations. Recommends improvements in work flow and procedures, as appropriate. 
    •Initiates and maintains assigned project management. 
    •Responsible for ordering and maintaining supplies for Information Technology and Administrative Services (as needed). 

    Position Requirements: 
    •Knowledge of business administration as well as basic finance and accounting principles at a level normally acquired through completion of a bachelor’s degree in business management, accounting or finance.  
    •Five to seven years experience as an assistant to senior management in a position requiring tact, poise, direct telephone contacts, and ability to work with
    highly confidential material. 
    •Banking or other equivalent business experience preferred. 
    •Provide support during core business hours (8:00 a.m. – 5:00 p.m.) 
    •Attendance during Board of Directors meetings held at the Bank. 
    •Must possess exceptional organizational skills, the ability to prioritize, and be detail-oriented. 
    •Typing speed of 60-65 WPM with a high degree of accuracy and proficiency using Microsoft Word. Proficient in Microsoft Excel and PowerPoint. 
    •Excellent written and oral communication skills. 
    •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 uphold and model the banks guiding principles. 
    •Ability to work full time. 

    FHLBank Indianapolis is an Equal Opportunity Employer.
    Apply Now
  • Senior IT Auditor

    Purpose:
    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a highly motivated individual to join our Internal Audit team. The Senior IT Auditor will perform risk based audits of the bank's internal information systems controls, infrastructure & support technology, electronic commerce activities, information security, and business continuity & disaster recovery processes.

    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:
    • Supervises and conducts information technology audit projects focused primarily on the IT operation environment and business applications.
    • Prepares audit work papers to document audit procedures performed and which set forth audit findings and recommendations. Writes concluding review memo for testing performed during the audit.
    • Communicates audit findings and recommendations to the IT Audit Manager or to the SVP, Chief Internal Audit Officer.
    • Prepare audit work papers and reports that document the audit work performed and any internal control issues identified during the audit.
    • Assists other audit staff, external auditors and regulators as necessary.
    • Performs special assignments or audits as directed.

    Position Requirements:
    • Bachelor’s degree in information systems or related field. CISA certification preferred.
    • A minimum of two years’ experience in IT auditing. Public accounting experience preferred.
    • Excellent written and oral communication skills.
    • Experience with operating systems, (Microsoft Active Directory, Microsoft Windows Server, Linux), databases (Oracle, Microsoft SQL Server), and firewall/routers is preferred.
    • Strong analytical skills and an understanding of internal control and information systems concepts.
    • 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 banks guiding principles

     FHLBank Indianapolis is an Equal Opportunity Employer.

    Apply Now
  • Associate Director, Enterprise Architecture

    The Associate Director, Enterprise Architecture develops and promotes the vision, goals, strategies, and objectives for the Enterprise Architecture department in line with overall IT divisional goals and the bank’s strategy as developed and managed by the Senior Leadership Team. This position guides the department to effectively partner with Information Technology teams and business partners.

    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: 
    ◾Works closely with senior information technology management to identify opportunities for innovation and bring about positive changes that provide value to the organization.
    ◾Analyze enterprise business strategies to determine business, information, technology and solutions capabilities required to achieve such strategies
    ◾Analyze the current information technology environment to detect critical deficiencies and recommend solutions for improvement
    ◾“Sell” the architecture process, its outcome, and ongoing results
    ◾Define the principles to guide enterprise architecture decisions for the enterprise
    ◾Provide stewardship in setting and governing standards and guidelines that promote and ensure usage of standard, industry proven architecture techniques that scale to the organizations needs and provide flexibility and adaptability.
    ◾Collaborate with the business organizations to understand their business problems and propose technology solutions to address those challenges.
    ◾Ensure the alignment of technology solutions that enable, enhance or create business capabilities with the overall FHLBank Indianapolis technology strategy.
    ◾Continually evaluates the bank’s technology, systems and innovation capabilities; makes recommendations to drive change and process improvement to fully leverage the bank’s technology investments.
    ◾Collaborates with information technology teams and business partners on the plan, design, and architecture for technology solutions.
    ◾Manages and leads a group of information technology professionals, by motivating and focusing on the achievement of goals and objectives.
    ◾Develops and implements architecture standards necessary to ensure the sound implementation of technology solutions.
    ◾Documentation and oversight of a technology governance for maintenance of the technology corridor.
    ◾Consult with senior leaders and/or external vendors on complex technology solution issues that may impact multiple integrated business organizations and/or applications.
    ◾Manages department budget to meet organization goals and objectives.
    ◾Lead the FHLBanks Enterprise Architecture Committees.
    ◾Keeps up-to-date with industry trends, best practices and emerging technologies. 

    Unique Competencies:
    ◾System design – the ability to create an architectural design document of the technological needs of the business unit(s).
    ◾Future technology knowledge – keeps current on new emerging technologies that are out in the market place.
    ◾Technology solutions – Partners with the business units and listens to their needs and translates their requirements into a technology business solution. Provides multiple workable solutions to the business units for them to select from. 

    Position Requirements:
    ◾BS in Computer Science, Information Systems, or related technical field is preferred.
    ◾Minimum of fifteen years of IT experience with a minimum of five years' experience in enterprise architecture.
    ◾Prior management experience preferred
    ◾A combination of technical knowledge .Net, Microsoft Technologies, Oracle and Java, project management expertise, analytical skills, technical writing, and problem-solving capabilities are required.
    ◾Basic understanding of all IT disciplines is required.
    ◾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.

    FHLBank Indianapolis is an Equal Opportunity Employer.
    Apply Now