New Graduate Discover Analyst - January 2024

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Richmond, VA, USA
Posted on Monday, September 25, 2023


Federal Reserve Bank of RichmondWhen you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with leading tech professionals to strengthen and protect our economic, financial and payments systems. We invest in contemporary and emerging technology each year to support the Federal Reserve and our economy, and we’re building a dynamic and diverse team for our future.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

The Richmond Fed is now hiring for our Discover rotational program with start dates in January 2024.

The Federal Reserve Bank of Richmond’s two-year rotational program (Discover) is open to current undergraduate students expected to graduate by December 2023. The program is designed to challenge the best and brightest and prepares individuals for robust careers at the Bank.

You will work on assignments that range from quantitative analytics and logistics to creative projects. In Discover, you’ll use leadership and project management skills and passion for problem solving to support the Bank’s most strategic priorities. In addition to specific business area tasks, you will receive targeted leadership training, mentorship and exclusive networking opportunities. Your first year will be spent with one assigned business area, and you will transition into a second assigned business area for your second year.

What You Will Do:

  • Utilize established methods and tools to perform moderately complex analyses of business and technology issues

  • Work with clients and other resources to assess current capabilities, identify customer needs and assist in recommendation process improvements

  • Provide support in gathering, analyzing and compiling information from end-users and stakeholders to ensure processes, software and/or applications meet business requirements

  • Contribute to process improvement and solution discussions, may present outcomes to management

  • May participate in cross-functional team initiatives, process improvement and/or technology-based projects

  • Escalate non-routine or unusual problems to higher level support staff as appropriate


  • Bachelor’s degree. Preferred experience in the following areas: Computer Science, Information Systems, Accounting, Finance, Business, Economics, Data Analytics or areas with a STEM (Science, Technology, Engineering, Math) focused curriculum

  • Minimum GPA of 3.0

  • Experience with any of the following: Microsoft platforms, SharePoint, Tableau, Agile, Scrum, Cloud

  • Demonstrated leadership ability

  • Strong project management skills, including organization, planning and execution, analytical and problem solving skills

  • Communication and interpersonal skills, including the ability to work effectively in a team environment

  • Demonstrated intellectual curiosity; the associate is expected to gain knowledge about their role, business function and Bank

Discover the Reason Why So Many People Love It Here!

When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:

  • Great medical benefits

  • Pension and 401(k) with employer match

  • Generous paid time off

  • Tuition reimbursement

  • Employee resource networks

  • Paid volunteer leave

  • Flexible work options

  • Onsite amenities that make working here fun

Other Requirements and Considerations:

  • Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

  • If you need assistance or an accommodation due to a disability, please notify rich.recruitment@rich.frb.org.

  • Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).

  • Sponsorship is not available for this role. The selected candidate will be subject to a government security investigation and must meet eligibility requirements for access to classified information.

  • The salary for this role is $58,000 annually.

  • This position will report to the Richmond, VA office on a hybrid basis.

  • Applications are reviewed on a rolling basis.

The Federal Reserve Bank of Richmond provides equal opportunity to all individuals without regard to race, sex, color, religion, gender identity or expression, sexual orientation, national origin, age, disability, or genetic information.

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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