Federal Reserve Assistant Examiner Intern

Company

Federal Reserve Bank of Richmond

Grow Your Career at the Richmond Fed!

At the Richmond Fed, we’re driven by our mission to strengthen the economy and our communities.

We take great pride in what we do and how it impacts people every day.

When you join our team, you’ll become part of a culture that welcomes differences, cares about our communities, and empowers each other to lead from where we are to make things better.

Bring your passion and we’ll provide challenging and purposeful careers in a variety of fields, opportunities to grow and a wide range of benefits and perks that support your health and wealth.

It’s all part of what makes #MyRichmondFed a great place to work!

About the Opportunity

The Richmond Fed Supervision, Regulation, and Credit (SRC) department is now hiring for our 2023 Summer Internship Program. SRC is responsible for the supervision of bank holding companies and state member banks.  Supervision is completed from two differing aspects, Safety and Soundness (assessing a bank’s financial performance and risk management practices) and Consumer Compliance (assessing a bank’s compliance with consumer guidelines such as Fair Lending and Community Reinvestment Act). 

The Assistant Examiner Internship Program provides a unique experience in SRC to explore its business lines and is located in Richmond, VA. The program provides summer interns with the opportunity to enhance essential business skills and increase understanding of the Federal Reserve’s regulatory role to support and evaluate the safety and soundness of financial institutions. During the program, interns will gain exposure to the supervisory process at financial institutions.

This will include reviewing various reports, participating in meetings, interacting with management at supervised institutions, and making assessments on risk exposure.  Topics of review may include adequacy of risk management processes, operational controls, financial condition, and/or compliance with banking laws and regulations.

In addition, the intern will develop a relationship with a mentor, create and deliver presentations, and complete a final project.

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 valuable networking opportunities.

With an initial application, candidates are required to submit a cover letter, resume and current college transcript(s); an additional writing sample is optional.  Documents, including transcripts (unoffici...