Intern, Regional and Community Banking

Federal Reserve System • Boston, MA

4d • $18 - $36 • Onsite

About The Position

As 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 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. 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.

Requirements

• 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
• This internship will be an onsite role.
• As a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning financial interests – such as stocks or bonds – from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies.
• Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
• 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.
• All applicants must have been a US Citizen or a permanent resident who also resided in the United States for at least three (3) years.
• 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.

Responsibilities

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Education Level: No Education Listed
• Number of Employees: 501-1,000 employees