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:

  • Quantitative Modeling + Research Analyst II

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity to join the Analytics team. The Quantitative Modeling and Research Analyst II is responsible for the development and maintenance of several financial models used across the organization. The role resides in the Analytics department, which is a cross-functional-research modeling team within FHLBank Indianapolis that focuses on applying advanced quantitative methods to solve a wide variety of challenging problems across multiple business areas. Examples of past and current projects include the development or implementation of models related to: Probability of Default for Depositories and Credit Unions; Credit Value at Risk, Whole Loan Residential and Commercial Mortgage Valuation, Mortgage Prepayment/Default Modeling and Portfolio Funding Tools. Through these responsibilities, the Analytics department works closely with several lines of business, Information Technology, Model Risk Management, and Internal Audit, among others. 

    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: 
    - With high degree of independence, implements, tests and operates a diverse range of models for subjects such as valuation, risk exposure and return, required collateral maintenance as well as other enterprise needed developments. Utilizes sophisticated quantitative financial modeling, statistical techniques and computational skills to test, evaluate and manage various credit and market risk models across diverse loan and security portfolios. 
    - Uses quantitative tools and techniques to measure and analyze model risks and reaches conclusions on strengths and limitations of the models as well as research to support model settings and assumptions for the desired Business purpose.  
    - Researches and apply quantitative techniques from fields such as statistics/econometrics, applied mathematics, and other data science applications toward the solution of important Business problems from many modeling needs. 
    - Performs quantitative analysis and develops complex reports. Performs qualitative and quantitative assessments of all aspects of models including theoretical aspects, model design and implementation as well as data quality and integrity utilizing techniques such as optimization, sampling testing, etc. Analyzes complex data and associated quantitative analysis. Makes recommendations based on continue research and testing of modeling suites. 
    - Stays current with technical enhancements, methodologies, statistical, mathematical and analytical/computational techniques and trends related to model management and development. Researches, understand, and implement next-generation analytical capabilities to Modeling-Analytics core functions to support: model construction understanding, regulatory testing, lines of business needs and model validation requirements such as model performance tracking methodologies and resolution of model validation findings.  
    - Solves and assists within technical troubleshooting issues in coordination with IT and Business Lines for matters related to modeling estimations and maintenance such as: input testing, model actual workflow and interconnection with multiple bank’s data repositories, output, reporting, etc. In that regard, is capable of researching and understanding modeling needs related to data storage or intensive computing driven by model settings, assumptions or business/theoretical needs. 
    - Researches and develops internal model libraries to be used independently or as complementary to support other models used across the organization. 
    - It is comfortable explaining highly technical details related to model construction and settings to users and the support team across the organization on continue basis. 
    - Participates in the in-house development on top of tuning/assessment of models as needed.  
    - Interacts directly with model validators with regard to model settings and assumptions specifications as well as needs defined by the regulatory and internal policies framework.  
    - Writes effective documentation of model development and settings to meet standards set by the Model Risk Management Group, as well as regulatory (FHFA) modeling Advisory Bulletins. 
    - Deliverables include the creation of model developmental documentation, methodological testing: presentations, written reports, model or reporting code documentation. 
    - Leads the process to develop required model enhancements and coordinates any changes with production integration teams. Responsible for maintaining ongoing reporting pertaining to models in production including model change approvals, validation recommendations, Matters Requiring Attention, etc. 

    Position Requirements
    - Master's degree in Mathematics, Quantitative Analysis, Statistics, Operations Research, Financial Engineering or any other quantitative field ideally with a minor in Computer Science. Or Finance/Economics Master with undergraduate in Mathematics/ Statistics/ Quantitative/Engineering ideally with Computer Science course load. 
    - 2+ years of experience (could include time as a research assistant while doing graduate studies) doing quantitative research in any of the following areas: quantitative finance, applied mathematics: optimization / mathematical programming, econometrics, statistics: time series analysis, Bayesian methods, machine / deep learning. 
    - 2+ years of experience in at least one of the following languages: Python, R, Scala, MATLAB, Java, C/C++/C#, SAS, Stata, SPSS, additional to VBA. 
    - Ideally 2+ years of experience with Asset/Liability and valuations software/models such as Polypaths, QRM, ZMDesk, Principia, etc. Hence good understanding of fixed income principles, including mortgage-backed securities and derivatives is a significant plus. 
    - Experience with database management concepts and tools: SQL or Oracle. 
    - Knowledge of Numerical Analysis is a plus. 
    - Knowledge of Optimization Algorithms is a plus. 
    - Advanced analytical skills necessary to develop complex financial, quantitative and market risk reports and analyses. 
    - Strong ability to identify potential concerns, analyze and solve problems; ability to work effectively and independently to resolve such issues. 
    - Significant amount of attention to detail and flexibility to support management and regulatory reporting. 
    - Work well with others yet willing to offer a point of view that may be contrary to conventional wisdom. 
    - Strong organizational skills with attention to detail. 
    - Ability to multi-task and high degree of initiative and independence. 
    - Verbal, written, and interpersonal skills to communicate effectively with all levels of bank personnel. 
    - 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
  • Information Security Manager

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for an Information Security Manager to join our team. Under the general direction of the Chief Information Security Officer (CISO), the Information Security Manager’s (ISM) primary responsibilities include leading the centralized, coordinated management of the Information Security Program to achieve identified strategic objectives and goals. The ISM is tasked with planning, scheduling, executing and monitoring the program’s portfolio of projects, and directing the program’s operational model, including governance, compliance, risk management and administrative activities. 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:
    - Direct a cross-functional team of staff to drive performance and ensure the successful implementation of information security initiatives.
    - Actively manage programs and/or project portfolios that involve significant business and technical complexity, and provide consistent program status and progress against objectives.
    - Drive definition and closure of project requirements, project plans/schedules, and resource needs with stakeholders and within team resources.
    - Provide strategic and technical guidance for the design and execution of corporate information technology and information security projects.
    - Contribute and champion information security best practices and processes/methodologies innovation at the program level.
    - Lead governance meetings and carry ongoing oversight of Information Security Programs.
    - Lead in executing and maturing the Vulnerability Management and Security Awareness and Education Programs.
    - Evaluate, measure, and report on strategic effectiveness of the Information Security Program.Manage security awareness and education activities to deliver key security messages, inform the company about security tools and services, and engage Bank staff.
    - Review and contribute to Program documentation and communication including, but not limited to, all notices, guidance, directives, standard operating procedures, recommendations, and briefings.
    - Continuously update Information Security Program management tools and processes to align with regulatory requirements and industry best practices.
    - Design and author information security policies, procedures and standards.
    - Partner with various business units to enhance security policies/procedures. 
    - Prepare and present executive level presentations, metrics, and status reports.

    Position Requirements:
    - Bachelor's Degree in an information technology related field or equivalent experience.
    - 5+ years of relevant Information Security Operations work experience.
    - 3+ years of managerial experience and the ability to demonstrate success as a supervisor.
    - One or more security certifications such as CISSP, CISA, CISM, or relevant security certification(s). 
    - Technical knowledge of implementing information security technical controls.
    - Strong analytical, prioritizing, interpersonal, problem-solving, and presentation, project management (from conception to completion) and planning skills. 
    - Knowledge of risk management processes, incident response and handling methodologies.
    - Knowledge of resource management principles and techniques.
    - Knowledge of information security program management and project management principles and techniques.
    - Hands on experience in implementing and managing defense in depth strategy and toolsets.
    - 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
  • System Administrator II

    The Federal Home Loan Bank of Indianapolis has an exciting opportunity for a motivated individual to join our IT team. This position will manage and tune in-house computer software and underlying infrastructure to ensure high levels of availability for the supported business applications. This individual also participates in the planning and implementation of policies and procedures to ensure system provisioning and maintenance that is consistent with company and IT goals, industry best practices, and regulatory requirements. 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 support and maintenance of the operating systems(s) and related utility software (fail over software, tools, etc.) including patch management at the primary and backup data centers.  
    · Installs, configures, and maintains computer systems on the bank’s network. Builds infrastructure and maintains application servers, Storage-area-networks (SAN), storage library, enterprise backup systems, and application software.  
    · Performs system backup and restore to meet data protection standards and to ensure system recovery from error or outage.  
    · Implements policies, procedures, and technologies to ensure system security through secure system access, monitoring, control, and routine security evaluations.  
    · Perform configurations according to published IT standards, management, and maintenance tasks for related file systems, clustering, storage, and applications.  
    · Review and deploy system releases and vendor supplied patches according to best practices.  
    · Monitor, test, and tune system performance; preserve and provide system log files according to our policies and guidelines.  
    · Anticipate, mitigate, identify, troubleshoot, and resolve hardware and software problems on systems.  
    · Participates in and supports capacity planning and the development of long-term strategic goals for systems and software in conjunction with end-users and IT department managers.  
    · Ensures that the infrastructure is consistent and provides reliable performance to deliver the required level of service to the business  
    · Works with management to achieve goals.  
    · Ability to problem-solve effectively.  
    · Provides documentation, project tracking and management reporting. Prepares acquisition request and cost estimates for hardware, software and other resources related to IT Systems.  
    · Updates IT asset inventory, disaster recovery documentation. Assists in developing and maintaining disaster recovery contingency plans.

    Primary Work Arrangements
    - System Administrators are expected to be available to work outside of normal working hours to provide off-hours support when necessary, such as participating in 24/7 support rotations, weekend maintenance, planned moves, adds and changes (MAC), troubleshooting, and problem resolution.
    - This role may have project responsibilities, including the support of new hardware, software, operating systems, or application pilots.
    - Occasional inspection of cables in floors and ceilings.
    - Must be able to lift a minimum of 45 pounds and be able to transport heavy objects such as computers and peripherals.

    How Will Success Be Evaluated
    -Mean and Median time to resolve service calls, work orders, and projects.
    -Customer satisfaction ratings.
    -Resolution of incidents, RFC’s, work orders, and projects with the service deadlines or project due dates.
    -Following the IT process which includes incident, problem, change, release, and capacity management.

    Position Requirements:
    · Bachelor’s degree in a related field preferred and 4 -6 years of experience of equivalent work experience in an environment similar in size and complexity to the bank.  
    · Microsoft Certified Professional or Red Hat Certified Professional (preferred).  
    Must be proficient and experience in managing three of these systems:  
    -Windows Standard and Enterprise Server  
    -Red Hat Linux x32 or x64 systems  
    -Red Hat Linux Satellite Server  
    -VMware or Hyper-V virtualization  
    -Nessus and Tenable System Console  
    -Cisco Routing, LAN switching, and wireless technologies  
    -Microsoft Active Directory  
    -Shell or Powershell scripting  
    · Knowledge of wireless networking (configuration/troubleshooting).  
    · Must have a solid understanding of major networking protocols and applications, networking operating systems, plus a strong understanding of current networking product trends.  
    · Time management skills to ensure the completion of projects in a timely manner.  
    · A focus on customer satisfaction with strong interpersonal skills and responsiveness.  
    · Communicates and interacts effectively with management, peers and supervisors.  
    · A combination of technical knowledge, project management, and extremely strong problem-solving and troubleshooting skills.  
    · Adherence to IT policies and processes to ensure consistent quality of service.  
    · 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
  • SVP, General Counsel

    Reporting to the Bank’s President-CEO, Cindy Konich, the General Counsel will serve as the chief in-house counsel and as a key member of the leadership team, exemplifying visionary and adaptive leadership. The ideal candidate will be strategic and a thought leader, and must have the ability to anticipate issues and estimate risks strategically, proactively identifying creative solutions to complex problems that will eliminate or mitigate risks. The General Counsel will provide oversight and management of the legal department and deliver legal advice and counsel to the Bank’s Board of Directors, officers, and employees with regard to applicable statutes, regulations, policies, and procedures. This individual will also oversee Board-related matters, including regulatory compliance, governance and agenda preparation, as well as direct Indiana and Michigan government relations efforts. 

    The successful candidate will have a minimum of fifteen (15) years of legal practice experience, including strong exposure to financial institutions, cooperatives, regulatory matters, debt issuance and/or corporate governance. In addition to exceptional legal skills, the successful candidate will have management experience, sound business judgment, emotional intelligence, prior interaction with large corporate boards, and a capacity to understand risk, give advice and make decisions that further the Bank’s business objectives, all while exemplifying the FHLBI’s guiding principles: foster collaboration, drive transparency, exemplify trust, champion inclusion, and empower to deliver results. Prior senior in-house experience strongly preferred, though not strictly required. 
    Apply Now