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Summer 2024 - Large and Foreign Bank Team Intern

Federal Reserve Bank of Boston

Federal Reserve Bank of Boston

Boston, MA, USA
Posted on Friday, January 5, 2024

Company

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.

This position is part of the Bank's Internship/ Co-op Program which is offered to students who are currently enrolled in graduate and undergraduate studies. This Program identifies talented and qualified candidates who could potentially fill professional job openings in the Bank. As part of the central bank of the United States, the Boston Fed works promote sound growth and financial stability in New England and the nation.

Our team contributes to communities, the region, and the nation by supporting the supervision of financial institutions 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.

Overview of Team/ Function:

The Supervision, Regulation and Credit Department of the FRBB has an opening for a summer intern within the Large and Foreign Banking Organization (LFBO) team supporting the operations team. Members of the operations team work collaboratively across multiple units and portfolios to ensure supervision of firms is completed in an effective manner.

  • Contribute to operations work and assist with an examination system transition
  • Perform quantitative and qualitative analysis related to quality assurance and records management
  • Participate in training opportunities if available and with multiple supervisory teams to ensure effective supervision

Qualifications:

  • High school degree or equivalent; must be enrolled in an accredited university/college program
  • Relevant coursework in public policy or business management.
  • Developing analytical and critical thinking skills demonstrated by the ability to assimilate new information, understand process related topics, produce sound analysis and recommend a path toward achieving desired outcomes;
  • Strong communication skills, both written and oral presentation
  • Ability to thrive as a member of a team and to build collaborative working relationships with colleagues across teams and at different levels.
  • Proficient in MS Office products: Excel, Word, Powerpoint

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 Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

No

Job Category

Internship

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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