Description

At the Federal Home Loan Bank of Chicago, employees come first - that's why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.

• C ollaborative, in-office operating model
  

• Retirement program (401k and Pension)
  

• Medical, dental and vision insurance
  

• Lifestyle Spending Account
  

• Competitive PTO plan
  

• 11 paid holidays per year
  
  
  
  
  
  

A Process Optimization internship with The Federal Home Loan Bank of Chicago is not like your average internship. We can offer you a dynamic, collaborative and team-focused environment you won't find anywhere else. You'll be engaged in projects that will provide you with real world, hands-on experience in the exciting world of process optimization within financial services.

Who are we you ask?

We are a federally chartered corporation and one of 11 Federal Home Loan Banks (FHLBanks) that, with the Office of Finance, comprise the Federal Home Loan Bank System. The FHLBanks were chartered by Congress under the Federal Home Loan Bank Act of 1932 to improve the availability of funds to support home ownership. Each FHLBank is cooperatively owned by member financial institutions in its district and operated as a separate entity with its own management, employees, and board of directors. Our district consists of the states of Illinois and Wisconsin. We are regulated by the Federal Housing Finance Agency, an independent federal agency.

We are currently seeking a summer intern for our Process Optimization department. Successful Individuals should be following an academic track in business, supply chain management, quality, technology, engineering or other related course of study.

DUTIES

• Support process optimization initiatives throughout the Bank using project management, process standardization, change management, and business analytics.
• Create process flows and business architecture documentation.
• Collect, analyze, and present data relevant to process optimization efforts and operational processes.
• Develop recommendations based on process data.
• Collaborate with stakeholders and project teams to implement solutions.
• Facilitate employee training in Lean Six Sigma methodologies.

REQUIREMENTS

• Applicants should be enrolled at an accredited four-year institution
• Should have a GPA of at least 3.0 and be in good academic standing
• Desired fields of study include Supply Chain Management, Business Administration, Information Technology, Industrial or Mechanical Engineering or other related discipline
• Internships will start May 2026 through August 2026.

Salary Range:

$38,800.00 - $58,100.00

The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc