SCS - Credit Risk Management Intern - 2027
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. Take your skills to the next level and gain valuable experience contributing to work within Credit Risk Management. Our interns will work onsite at our Cleveland, Ohio location. We’re looking for collaborative and innovative full-time students entering their sophomore year or beyond. Our student interns work 40 hours per week for the duration of a 10- to 12-week internship that starts as early as June and ends as late as September, depending on student schedules and business needs.
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 majors.
- 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 and 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 and comply with all applicable information handling rules.
- All 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 full-time 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.
Benefits
- Hands-On Experience: Gain practical experience and insights into the operations field through real-world projects and challenges.
- Mentorship: Receive guidance and mentorship from experienced professionals who are committed to your development.
- Networking Opportunities: Build connections within the industry and with fellow interns and employees.
- Professional Development: Participate in workshops, training sessions, and seminars designed to enhance your skills and knowledge.
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What This Job Offers
Job Type
Full-time
Career Level
Intern
Education Level
Associate degree
