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Boston Fed works to promote sound growth and financial stability
The Role
Company
Federal Reserve Bank of Boston
This internship is eligible for a hybrid schedule.
Job Summary:
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. This position is responsible for assisting in the performance of audits and other projects.
Job Responsibilities:
1. Assist in the evaluation of governance and risks and the determination of the effectiveness of controls regarding the reliability and integrity of financial and operational information, the effectiveness and efficiency of operations, safeguarding of assets and compliance with applicable rules and regulations.
2. Assist in the execution of the approved System and local audit program in accordance with established policies and standards under direct supervision.
3. Prepare clear and concise work papers that document the audit tests performed and the conclusions drawn.
4. Review, verify and analyze transactions, records, reports and procedures for accuracy and effectiveness.
5. Identify and assess the impact of audit exceptions, make appropriate recommendations and present clear and convincing explanations of the issues with audit management and operating personnel.
6. Assist in appraising the adequacy of corrective action taken to address reported audit exceptions as necessary.
7. Obtain and maintain a general knowledge base and an awareness of activities in less-complex areas of assigned liaison coverage, review and analyze pertinent data, and assess the impact of changes.
8. Develop/maintain audit programs and risk assessments for assigned areas of liaison coverage.
9. Provide audit coverage to less-complex system development efforts and other projects.
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. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team. Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.
The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.
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.
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 Family Group
Work Shift
First (United States of America)
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.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
Privacy Notice
Federal Reserve Bank of Boston
This internship is eligible for a hybrid schedule.
Job Summary:
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. This position is responsible for assisting in the performance of audits and other projects.
Job Responsibilities:
1. Assist in the evaluation of governance and risks and the determination of the effectiveness of controls regarding the reliability and integrity of financial and operational information, the effectiveness and efficiency of operations, safeguarding of assets and compliance with applicable rules and regulations.
2. Assist in the execution of the approved System and local audit program in accordance with established policies and standards under direct supervision.
3. Prepare clear and concise work papers that document the audit tests performed and the conclusions drawn.
4. Review, verify and analyze transactions, records, reports and procedures for accuracy and effectiveness.
5. Identify and assess the impact of audit exceptions, make appropriate recommendations and present clear and convincing explanations of the issues with audit management and operating personnel.
6. Assist in appraising the adequacy of corrective action taken to address reported audit exceptions as necessary.
7. Obtain and maintain a general knowledge base and an awareness of activities in less-complex areas of assigned liaison coverage, review and analyze pertinent data, and assess the impact of changes.
8. Develop/maintain audit programs and risk assessments for assigned areas of liaison coverage.
9. Provide audit coverage to less-complex system development efforts and other projects.
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. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team. Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.
The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.
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.
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 Family Group
Work Shift
First (United States of America)
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.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
Privacy Notice
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The Company
What We Do
As 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 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.
Why Work With Us
At the Boston Fed, we strive to ensure that rigorous thinking and wide-ranging perspectives characterize our work and workplace. We also recognize that benefits and compensation play a central role in the employer you choose. We work to make sure our compensation package is competitive with those of top employers.
Gallery
Federal Reserve Bank of Boston Offices
OnSite Workspace
Positions are primarily in person, although some positions will allow employment based out of one of our twelve Banks nation-wide. Please see position description for specific location requirements.
Typical time on-site:
None
Boston, MA
Centrally located next to Boston's South Station between the Financial District and the Boston Seaport neighborhood.
