Spring 2024 Operations Intern: CBDC Research

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Massachusetts, USA · Remote
Posted on Thursday, August 17, 2023


Federal Reserve Bank of BostonAs an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.
This job is eligible for a hybrid schedule with some on-site work expected.

About the Job:

The Federal Reserve System serves as the central bank of the United States. Its fundamental mission is to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payments systems.

This position is responsible for supporting the Federal Reserve System’s Central Bank Digital Currency (CBDC) Research and Development Program. As an Operations Intern/Coop, you will work with colleagues throughout the Federal Reserve system and at the Board of Governors to make sure the project has what it needs for success by understanding and responding to the interests of the project’s stakeholders. This role is designed for students to gain real life experience working in a multi-faceted team. The Operations team works in a multi-disciplinary environment that includes finance, government, business, engineering, and law. If you are exceptionally motivated and have a multi-dimensional skill set, then this is the internship for you.

Note: this is a 6-month fulltime internship starting from January and could possibly extend through the summer - timing is flexible.

Principal Accountabilities:
Interface with stakeholders throughout the Federal Reserve System and Board of Governors to facilitate the success of engineering and research efforts including:

  • Collaborate across internal stakeholders, including Legal, Audit, Finance, and Procurement, to identify and address risks and challenges.
  • Design process improvements to help team work efficiently and effectively.
  • Build reports to communicate to senior management.

Other Accountabilities:
Perform other duties as assigned.

This position is not required to directly supervise others.

Knowledge and Experience:
Open to both undergraduate and graduate students, preferably in a relevant field such as government and politics, business, economics, finance, law, or engineering.

  • Excellent project management capabilities.
  • Sophisticated user of Microsoft Office tools (Word, Excel, PowerPoint).
  • Excellent written and oral communication skills.
  • Good interpersonal and presentation skills.
  • High level of self-motivation and initiative; strong team player.

Desirable qualifications:

  • Working knowledge of the Federal Reserve System
  • Strong grasp of the fundamentals of money, banking, payments, finance, and related concepts.
  • Ability to balance longer-term objectives and shorter-term deliverables efficiently, successfully, and on time.
  • Understanding of technology development, coding, and big data is desirable.

The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category


Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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