SCS - Credit Risk Management Intern - 2027

Federal Reserve Bank of Philadelphia•Cleveland, OH

2d•Onsite

About The Position

The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future. This internship offers valuable experience contributing to work within Credit Risk Management. Interns will ensure the daily operations of core functions are conducted consistently with established policy, procedure, and prudential risk and control requirements. They will conduct research and analysis on top and/or emerging risk topics and financial condition reviews of depository institutions within the Fourth District for determination of credit risk and condition considerations. Additionally, interns will assist Credit Risk Management with data validation and eligibility reviews of loan collateral pledged to the Discount Window, analyze complex financial statements of depository institutions, and review for liquidity analysis. Interns will also assist in preparing and delivering briefings, presentations, recommendations, and other communications for key decision-makers regarding matters impacting the Discount Window, Condition Monitoring, Reserves, Payment System Risk and/or Collateral functions. Other duties as assigned or requested.

Requirements

Currently pursuing an undergraduate degree or graduate degree with a minimum GPA of 3.0.
Should have at least one semester left to complete in school.
Accounting, Finance, Economics, General Business background.
Strong computer/technical skills required.
Proficiency with Microsoft Office products, specifically Excel and Access (or familiarity with other data access tools).
Ability to work in a deadline driven environment.
Ability to multitask.
Ability to work both in a group setting and on an individual basis.
Strong oral and written communication skills.
Must be a U.S. citizen, permanent resident, or green card holder.
Must undergo an enhanced background check.
Must comply with all applicable information handling rules.
Non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.

Nice To Haves

Collaborative and innovative students entering their sophomore year or beyond.

Responsibilities

Ensure the daily operations of core functions are conducted consistently with established policy, procedure, and prudential risk and control requirements.
Conduct research and analysis on top and/or emerging risk topics and financial condition reviews of depository institutions within the Fourth District for determination of credit risk and condition considerations.
Assist Credit Risk Management with data validation and eligibility reviews of loan collateral pledged to the Discount Window.
Assist in analyzing complex financial statements of depository institutions and reviews for liquidity analysis.
Assist in preparing and delivering briefings, presentations, recommendations, and other communications for key decision-makers regarding matters impacting the Discount Window, Condition Monitoring, Reserves, Payment System Risk and/or Collateral functions.
Perform other duties as assigned or requested.