Summer 2024 Intern - Regional and Community Banking Intern
Federal Reserve Bank of Minneapolis
CompanyFederal Reserve Bank of BostonAs part of the central bank of the United States, the Boston Fed works to promote sound growth and financial stability in New England and the nation. We contribute to communities, the region, and the nation by conducting economic research, participating in monetary policymaking, 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.
This job is eligible for a hybrid schedule with some on-site work expected.
This intern position is in the Regional and Community Banking function of the Supervision, Regulation, and Credit department. The Regional & Community (R&C) banking unit is organized under the Supervision, Regulation, and Credit Department and is responsible for ensuring compliance with laws and regulations and for assessing the safety and soundness of bank holding companies and state chartered banks that are members of the Federal Reserve. We are seeking candidates interested in an opportunity to gain exposure to the supervision and regulation of financial institutions throughout New England. This position is responsible for assisting with the supervision of financial institutions by identifying risks through various analytical assignments intended to assist in the assessment of operating in a safe and sound manner and in compliance with applicable laws and regulations. This position is also responsible for providing assistance to Exam Logistics, the operational team that supports the exam function responsible for the supervision of financial institutions.
The successful candidate will work on projects related to risk in community banking, including but not limited to financial statement analyses and data collection/manipulation. Project work will focus on working with and analyzing information related to commercial loans. In addition, the candidate should be able to perform other duties as assigned related to supporting critical areas of examination processing, technology, analysis, and training, including providing administrative support for exam report processing, including quality reviews; projects related to records management in accordance with Federal Reserve guidance; and conference planning.
The successful candidate is expected to have:
- Undergraduate or graduate student in business, finance, or economics
- Fluent in Excel, PowerPoint, Word, Tableau, Acrobat
- Experience and skills related to cash flow analysis and basic accounting
- Desire to learn about community banking and commercial credit analysis
- Strong administrative skills and attention to detail
- Strong communication skills
- Ability to work in deadline driven environment
- Ability to multi-task on several ongoing projects
- Comfort level with learning new technology as utilizing internal applications will also be required
The Federal Reserve Bank is committed to a diverse, equitable 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.
This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.
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. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
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 TimeFull time
Regular / TemporaryTemporary
Job Exempt (Yes / No)No
Work ShiftFirst (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.