Don’t let our name scare you, we are not your average bank.
With nearly a century of service, FHLBI is one of 11 independent regional cooperative banks across the U.S. Simply put, we’re a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. As a cooperative, we are dedicated to strengthening communities throughout our region.
But enough about us, let’s talk about you.
Are you looking for a company that views their employees as their greatest asset?A company that’s dedicated to making a difference in the community? So much so they pay their employees to volunteer?Do you want to join a talented workforce that prioritizes diversity, equity and inclusion, and promotes learning and development, unique skills/ideas, and employee engagement?
If you’ve said yes to these questions, then we might be a match!
Here is what we offer:
Flexible hybrid workforce model: Onsite three days a week and two days remote. We also offer five fully remote weeks per year!
Fantastic, competitive pay and total rewards
Industry-high 401(k) match: up to 6% PLUS…an additional 4% contribution!
Tuition reimbursement assistance: To help you continue to develop personally and professionally.
Student loan repayment assistance: That’s right, we will help you repay outstanding student loans!
Awesome Benefits Package: Medical, dental, vision benefits and even pet (you read that right) insurance!
Generous time off: Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program
“Dress for your day” dress code: You choose the appropriate work attire based on what your day looks like.
Statistics show that it is less likely for some candidates to submit their application if they don't meet all the criteria within the job description. If this is you, we encourage you to give yourself a chance and submit your application anyways, as you may be the perfect match for this role!
Purpose
:
Assists with daily collateral operations to assure that all credit products are adequately secured against loss. Works with member financial institutions to assure that borrowings are fully collateralized and are in full compliance with FHFA regulations and 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
:
Assists members in pledging and releasing securities and cash collateral, and with submitting loan collateral information to the Bank including new submissions (“adds”) and regular updates to existing collateral data.
Reviews daily processing of collateral information including the market valuation process to ensure members have adequate collateral coverage for outstanding advances, etc.
Advises members about assets eligible as collateral. Determines the appropriateness and adequacy of collateral for all member institutions. Communicate with members that need to pledge additional collateral. Suggests changes in collateral status levels when necessary.
Coordinates the collateral delivery process. Works with the Bank’s safekeeping department or third-party custodians as necessary.
Monitors various collateral reports to assist management in analyzing the composition of assets pledged to the Bank.
Responsible for collateral aspects of member mergers and loan securitizations (special releases).
Assists with development and testing of new collateral related software systems or enhancements as needed.
Position Requirements:
Bachelor’s degree in Business Administration, Accounting, or Finance. Advanced degree in a business field is desirable.
Minimum of two years' experience working with, or directly in a financial institution, preferably in a data processing, lending, financial analysis, or customer service function.
Possess excellent oral and written communication skills and the ability to interact with Bank staff and members in customer service and problem-solving situations.
Detail-oriented and possess excellent analytical abilities.
Able to establish priorities, organize workflow, and complete assigned projects and daily tasks independently.
Ability to use computer tools such as Microsoft Excel and other applications to analyze financial data.
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.
FHLBank Indianapolis is an Equal Opportunity Employer.
