Is it a Bank? A cooperative? A leader in affordable housing? We are all those things and more!

Our core mission at FHLBank Indianapolis is to provide reliable and readily available liquidity to our member institutions to support housing finance and community development. Simply put, we’re a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. We also assist in meeting the economic and housing needs of communities and families through grants and subsidized advances that support affordable housing and economic development.

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 anyway, as you may be the perfect match for this role!  ​

Purpose:

Assists members with requests for transactions processed by Correspondent Services. Administers the daily processes for all Correspondent Services activities.  Position will be cross-trained in a variety of duties within Correspondent Services to provide support where needed.

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:

• Ensure timely and accurate release of all wire transfer requests.  Responsible for accurately recording transactions into the Banks' wire transfer system and the Federal Reserve System.  Maintains the operational integrity of this process.  Monitors funds availability and coordinates release of wire transfers to avoid occurrence of Daylight Overdrafts in the Federal Reserve account.  Funds commercial bank accounts.

• Administers daily safekeeping functions such as IFS maintenance, customer inquiries, and transaction processing.  Maintains the operational integrity of internal safekeeping systems.  Resolves discrepancies with customers and safekeeping custodian.  Ensures income and corporate action processing is completed in an accurate and timely manner.

• Ensures the accurate processing of ACH activity.  Closely monitors the process for compliance with NACHA guidelines and regulations.  Responsible for processing respondent activity through the Federal Reserve Bank.  Resolves discrepancies that appear on the FRB Chicago reconciliation.

• Completes manual DDA entry and performs a second review for completeness and accuracy.

• Performs daily wire system shutdown.  Balances and loads transactions into the DDA system for posting to member accounts from wire system.  Administers and monitors safekeeping end of day procedures involving IFS safekeeping suite, report release, and disaster recovery reporting. 

• Maintains accurate procedures related to Correspondent Services functions.  Designs and implements processes to improve services. 

• Acts as technical manager in the daily operation of transaction processing, acting as Bank liaison with vendors and members. 

• Completes special projects as assigned.

• Performs duties related to OFAC compliance and monitoring, including reviewing potential OFAC matches generated as a result of processing wires and ACH.

Competencies:

Business

• Job Knowledge

General

• Decision Making/Judgment

• Dependability

• Productivity

People

• Communication

Position Requirements:

• Minimum of two-year business degree with concentration in Business Administration, Finance, or Management.

• Three years’ experience working with or in a financial institution, preferably in funds transfer, safekeeping, or accounting functions.

• Excellent communication skills, ability to interact with Bank management and top management of member institutions and correspondent banks.

• Ability to set priorities and organize daily workflow.

• Must not have been convicted on any civil or criminal charge that would suggest a risk to Bank security.

• Regular attendance may be expected beyond normal Bank hours, as business needs dictate.

• Ability to work full-time.

• Ability to uphold and model the Bank’s Guiding Principles.

FHLBank Indianapolis is an Equal Opportunity Employer.