Federal Reserve Summer Business 2027 Internship

Posted 21 Days Ago
Be an Early Applicant
Richmond, VA, USA
In-Office
24-24 Hourly
Internship
Fintech • Payments • Financial Services
The Role
Summer interns support business analysis, process improvement, stakeholder and end-user information gathering, business requirements assessment, and technology-based projects. They analyze business issues, evaluate capabilities and customer needs, contribute to recommendations and solution discussions, present outcomes to management, and escalate unusual problems. The program also includes financial analysis, presentations, research, writing, leadership training, mentorship, and networking opportunities.
Summary Generated by Built In
CompanyFederal Reserve Bank of Richmond

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic team of mission-driven professionals to strengthen and protect our economy and our communities.
Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life.

About the Opportunity:

The Federal Reserve Bank of Richmond and System IT are now hiring for our 2027 Summer Intern Program.

The Summer Internship Program provides outstanding students with the opportunity to gain valuable work experience at a unique institution. Through advanced project work assignments and professional development activities, interns are provided with an extensive understanding of the work of the Federal Reserve. Interns will be given the opportunity to enhance their business skills through critical financial analysis, formal presentations, research and writing. In addition to specific business area tasks, you will receive targeted leadership training, mentorship and exclusive networking opportunities.

What You Will Do: 

  • Utilizes established methods and tools to perform moderately complex analyses of business issues 

  • Works with clients and other resources to assess current capabilities, identify customer needs and assist in recommendation process improvements 

  • Provides support in gathering, analyzing and compiling information from end-users and stakeholders to ensure processes, software and/or applications meet business requirements 

  • Contributes to process improvement and solution discussions, may present outcomes to management 

  • May participate in cross-functional team initiatives, process improvement and/or technology-based projects 

  • Escalates non-routine or unusual problems to higher level support staff as appropriate 

Qualifications: 

  • Pursuing degree or advanced certification

  • Demonstrated ability to influence and lead others 

  • Communication and interpersonal skills, including the ability to work effectively in a team environment 

  • Creative thinker who embraces change 

  • Strong project management skills, including organization, planning, and execution, analytical and problem-solving skills  

Other Requirements and Considerations: 

  • Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.  The Code is available on the About Us, Careers webpage at www.richmondfed.org. 

  • US Citizenship status required. Sponsorship is not available for this role. 

  • Selected candidate is subject to special background check procedures. 

  • The hourly rate for summer interns is $ 23.50 / hour.  

  • Onsite presence required

  • Due to the volume of submissions we receive, we may be unable to contact each individual directly.

The Federal Reserve Bank of Richmond provides equal opportunity to all individuals without regard to race, sex, color, religion, gender identity or expression, sexual orientation, national origin, age, disability, or genetic information

Full Time / Part TimeFull time

Regular / TemporaryTemporary

Job Exempt (Yes / No)No

Job CategoryInternship Family Group

Work ShiftFirst (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

Skills Required

  • Pursuing a degree or advanced certification
  • Ability to influence and lead others
  • Strong communication and interpersonal skills, including effective teamwork
  • Creative thinking and willingness to embrace change
  • Strong project management, organization, planning, execution, analytical, and problem-solving skills
  • U.S. citizenship
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The Company
Kansas City, MO
2,289 Employees

What We Do

This page is dedicated to Federal Reserve System career and employment related information only. Comments not pertaining to Fed recruiting will be removed. The Fed - Make a world of difference in the global economy OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government. OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward. Why Our People Choose Us: Our reputation precedes us There will always be room for personal growth Our people are first You’ll find the right balance Your responsibilities will be meaningful We hope that you will be our future colleague. Find your preferred locations around the United States and explore the breadth of opportunity available at the Federal Reserve. Atlanta https://www.frbatlanta.org/ Boston http://www.bostonfed.org/ Chicago https://www.chicagofed.org/ Cleveland https://www.clevelandfed.org/ Dallas http://dallasfed.org/ Kansas City https://www.kansascityfed.org/ Minneapolis https://www.minneapolisfed.org/ New York http://www.newyorkfed.org/ Philadelphia https://www.philadelphiafed.org/ Richmond https://www.richmondfed.org/ San Francisco http://www.frbsf.org/ St. Louis https://www.stlouisfed.org/ Board http://www.federalreserve.gov/

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