Federal Home Loan Bank of Indianapolis (FHLBI) · 1 day ago
Correspondent Services Analyst
Indianapolis, IN
Full-time
Onsite
Mid Level
$74K/yr - $87K/yr
3+ years expFederal Home Loan Bank of Indianapolis (FHLBI) is seeking a Correspondent Services Analyst responsible for processing member and internal bank transactions with a focus on accuracy and timeliness. The role involves assisting members with inquiries, resolving discrepancies, and ensuring compliance with regulations while delivering outstanding customer service.
BankingFinancial ServicesInsuranceVenture Capital
Responsibilities
Safekeeping Focus
Work with our members and custodian to ensure all transactions, including security settlements, pledges/releases and corporate actions are processed accurately and timely
Process the daily income files, including researching and correcting all income exceptions
Work with members and custodians to research and resolve any income discrepancies
Wire Focus
Ensure timely and accurate processing of all wire transfer requests
Ensure timely and accurate processing of daily ACH activity
Performs the daily wire system shutdown
Assist members with questions related to account activity
Completes daily manual DDA entry and performs second review for completeness and accuracy
Compliance, Security and Reporting: (20%)
Safekeeping Focus
Perform a daily cash and position reconciliations between IFS and Citibank
Maintains and updates safekeeping procedures
Assists with any testing required from either internal or vendor systems to help maintain the operational integrity of the safekeeping process
Works with the Correspondent Services Specialist to ensure member authorization lists are updated and accurate
Wire Focus
Monitors the Bank’s Federal Reserve account and coordinates the release of wires to prevent any daylight overdrafts
Registers and participates in all required FRB and Finastra tests
Maintains and updates wire and ACH procedures
Works with the Correspondent Services Specialist to ensure member authorization lists are updated and accurate
Responsible for the issuance of member test keys
Review potential OFAC matches
Monitors ACH activity to ensure compliance with NACHA guidelines
Participates in annual EPCOR audit
Billing and Funding (5%)
Safekeeping Focus
Fund the Citibank account daily and determine the target balance to ensure ECR credits are maximize
Reviews the monthly Citibank billing statement for accuracy
Wire Focus
Funds the commercial bank accounts daily
Completes and verifies monthly ACH member billing
Qualification
Required
BS in Business Administration, Finance, or other closely related field
Three years' experience working in a financial institution, preferably in funds transfer, safekeeping, or accounting functions
Excellent communication skills
Ability to prioritize and strong organizational skills
Experience using Microsoft software, including Power BI
Must not have been convicted on any civil or criminal charges that would suggest a risk to Bank security
Ability to work beyond normal Bank hours as business needs dictate
Ability to work full-time
Ability to uphold and model the Bank's Guiding Principles
Benefits
Annual incentive award opportunities
Retirement benefits
Health and welfare or other ancillary benefits
Company
Federal Home Loan Bank of Indianapolis (FHLBI)
The Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) is one of 11 independent regional cooperative banks across the U.S.
201-500 employees
H1B Sponsorship
Federal Home Loan Bank of Indianapolis (FHLBI) has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (5)
2024 (6)
2023 (9)
2022 (7)
2021 (4)
2020 (5)
Funding
Current Stage
Growth StageLeadership Team
Brendan McGrath
President and CEO
Cindy Konich
EVP - COO - CFO
Recent News
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