Boston Fed works to promote sound growth and financial stability
The Role
Company
Federal Reserve Bank of Boston
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: community, innovation, integrity, trust, leadership, and excellence.
Job Summary:
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.
Principal Accountabilities:
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.
The successful candidate is expected to have:
This internship will be an onsite role.
Compensation: $18-$36 per hour. Actual pay within the range will be set based on undergraduate/graduate year and relevant experience.
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.
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. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe.
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
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: community, innovation, integrity, trust, leadership, and excellence.
Job Summary:
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.
Principal Accountabilities:
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.
The successful candidate is expected to have:
- 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.
Compensation: $18-$36 per hour. Actual pay within the range will be set based on undergraduate/graduate year and relevant experience.
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.
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. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe.
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.
