Working at FHLB Boston | Glassdoor

FHLB Boston Overview

Boston, MA
201 to 500 employees
1932
Company - Private
Finance
$500 million to $1 billion (USD) per year
The Federal Home Loan Bank of Boston is the wholesale bank for housing finance in the six New England states. Its mission is to support the residential-mortgage and community-development lending activities of its member financial institutions, which include banks, credit unions ... Read more

Mission: The mission of the Federal Home Loan Bank of Boston is to provide highly reliable wholesale funding and liquidity to its member financial institutions in New England. We develop and deliver competitively priced financial products, services, and expertise that support housing ... Read more

Company Updates

  • FHLB Boston was a sponsor of the 5th Annual Women in Banking Conference hosted by the Massachusetts Bankers Association. A group of employees attended the event.

  • Welcome to summer interns Lewei He, Victoria Kanellopoulos, Magaly Preciado, Mikayla Kenney, and Ryan Johnson to our Planning & Research, Housing & Community Investment, Human Resources, Accounting, and Marketing Strategy departments.

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FHLB Boston Video

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FHLB Boston – Why Work For Us?


The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than 440 banks, credit unions, insurance companies, and community development financial institutions that access tens of billions of dollars of our reliable, wholesale funding each year. Our funds are a vital resource that help our members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region.

Our highly skilled team of 200 is diverse, innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team. We offer opportunities for career development, comprehensive wellness benefits, and a work-life balance.

The Federal Home Loan Bank of Boston is committed to building and sustaining a diverse workforce that reflects the communities we serve. As an Equal Opportunity Employer, we strongly encourage applicants from every ethnicity, color, religion, gender, age, national origin, disability, veteran status , and sexual orientation.

We strive to have a welcoming, respectful, and inclusive environment for all individuals who work at the Bank. Our goal is to maintain and attract a diverse workforce and we value what each person uniquely contributes to our mission.

We are also committed to the principles of equal opportunity in employment and contracting. 

The Bank’s efforts, policies and procedures are designed to ensure, to the maximum extent possible in balance with sound business practices, the inclusion and utilization of minorities, women, individuals with disabilities, veterans and minority-, women-, and disabled–owned businesses in all activities and levels of the organization.

The Federal Home Loan Bank of Boston offers comprehensive health and wellness benefits, robust retirement plans, and support for fulfilling professional goals. We believe the following offerings set us apart:

  • Generous paid time-off programs, including vacation, personal days, volunteer time, holidays, and sick time
  • Bank-funded pension, with full vesting after six years of service
  • 401(k) with a Bank match that increases over time
  • Support for education, including degree and certificate programs and career-related courses
  • Fitness subsidy
  • Back-up child care
  • Subsidized transportation
  • Wellness program
  • Bicycle-sharing membership
  • Volunteer opportunities

An internship at FHLB Boston is a unique opportunity for students to apply their academic knowledge and experience in wholesale banking. Over the past 2 years, FHLB Boston has been focused on increasing the number of internship opportunities available.  In 2016, we are excited to host 5 internships across various Bank functional areas!

Interns gain valuable hands-on experience in their field while working directly with subject matter experts. Recent interns have indicated that their experience at FHLB Boston has offered the opportunity to develop and strengthen skills necessary to succeed in today’s competitive environment.

Benefits of FHLB Boston’s internship program include:

  • Gain practical experience and exposure to the wholesale banking industry
  • Learn and develop skills in a professional environment
  • Expand your professional network
  • Build confidence through research, projects and presentations
  • Convenient Back Bay location

FHLB Boston internships are paid and often run for 3 to 6 months in duration. Internship opportunities are posted on the careers section of our website.  Submitting an application online to a specific posting is the easiest way to be considered for an internship at FHLB Boston.

FHLB Boston Reviews

2.6
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Ed Hjerpe III
22 Ratings
  • Helpful (1)

    "Best Career Decision Ever!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Boston, MA
    Current Employee - Anonymous Employee in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at FHLB Boston full-time

    Pros

    Pension Plan (Non-Contributory too!), Tuition Reimbursement, 50% MBTA or Parking, Compensation, Bonus, Work & Home balance, Training Opportunities, and above it all...a culture that has evolved into one that strongly supports its employees. I've worked there for almost 3 years and experienced very positive changes with a re-organization of IT, engaged leadership, making sure the right people are in the right positions. New leadership in IT, now known as Bank Technology, has unified us in a singular vision that empowers staff, allows for mistakes, assigns accountability, and strongly encourages collaboration above all, which was a problem for us for some time, mostly due to previous leadership and staff not having this type of mindset. Thankfully that has all changed! After having a banner year the CEO and our Board rewarded every employee with an additional, and significant, bonus. This, being in addition to the standard bonus compensation that is part of most employees compensation package.

    Cons

    No place is perfect and we certainly have our pockets of challenges as can be seen by reading some of the more negative reviews here, but take those with a grain of salt. It is a small workforce and as such there are limitations around progression, depending upon your goals. I've worked in some very challenging places such as a major retailer, and working at the Bank has been one of the best choices I've made. I'm looking forward to a long career with them.

    Advice to Management

    Stay the course! Keep empowering employees and recognizing great performers.

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FHLB Boston Interviews

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  1.  

    Residential Real Estate Analyst Interview

    Anonymous Interview Candidate in Boston, MA
    Declined Offer
    Positive Experience
    Average Interview

    Application

    I applied online. The process took 3 weeks. I interviewed at FHLB Boston (Boston, MA) in January 2017.

    Interview

    I was invited to interview after a couple of weeks of when I applied online at their site. The HR representative was friendly and professional. The whole process was well run and I was kept in the loop the whole time.

    Interview Questions

    • Why was I switching jobs?
      Why did I want to work there?
      What was one weakness I have?
      What are my top three job skills?
      What do I want in a manager?  
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