Summer 2025 Graduate Internship - Consumer Affairs Examiner

Company

Federal Reserve Bank of Minneapolis

The Federal Reserve Bank of Minneapolis’ Graduate Intern Program (Program) in Supervision, Regulation, and Credit (SRC) is intended to introduce Graduate students to the Banking Supervision function and the broader Federal Reserve System.

SRC is responsible for the supervision of bank holding companies, state member banks, and foreign banking organizations.

This internship is a part of the Consumer Affairs department in SRC, which focuses on supervised institutions’ compliance with consumer protection laws and regulations.

The Consumer Affairs department also evaluates the supervised institution’s ability to meet the credit needs of its community under the Community Reinvestment Act (CRA).

The SRC Grad Program provides an opportunity to work in an intellectually stimulating and collaborative environment, to engage in meaningful public service, and to interact with supervision staff at the Federal Reserve Bank of Minneapolis and across the Federal Reserve System.

Interns will receive on-the-job mentoring and professional development as they engage in job duties.

The SRC Grad Program provides summer interns with the opportunity to enhance essential business skills and develop an understanding of the Federal Reserve’s role in the supervision of financial institutions.

You may review risk management practices, operational controls, financial condition, and/or compliance with banking laws and regulations.

In addition to working within SRC, interns working in the Program can participate in Bank-wide professional development activities and network with other intern cohorts.

Internship Hourly Wage: $27.00

The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person.

Onsite work is an essential function of this position, and you are expected to be in the office 3 days per week for meetings and team collaboration. The first few weeks will require 100% in-person engagement for on-boarding and training.

Program Description:


* Assist in reviewing consumer complaints against supervised institutions including gathering facts, researching regulatory requirements, and analyzing the institution’s adherence with consumer compliance laws, regulations, and regulatory policies with a particular focus on complaints alleging concerns with fair lending laws and regulations as well as unfair and deceptive acts and practices (UDAP).


* Assist with compliance and CRA supervisory work, focusing on the assessment of compliance risk, the adequacy of risk management systems and operational controls, and the evaluation of an institution’s CRA-related activities.


* Draft, organize, and verify workpapers and related documents with guidance from more experienced examiners.


* Perform financial analysis, conduct financial industry research, and explore emerging banking topics, as needed.
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