Reserves, Credit, and Applications Intern

Company

Federal Reserve Bank of Boston

Reserves, Credit, and Applications Intern

This internship is in the Reserves, Credit Risk Management and Applications function of the Supervision, Regulation, and Credit department.

The Reserves, Credit Risk Management and Applications (RCA) unit is presently organized under the Supervision, Regulation, and Credit (SRC) Department and contributes to FRBB’s mission to promote sound growth and financial stability in New England by integrating Discount Window, counterparty credit risk, reserves, payment system risk, and regulatory applications work in a single unit.

The RCA unit is seeking candidates interested in an opportunity to gain exposure to promoting financial stability through areas including credit risk management, operations and policy. This position is responsible for assisting with these functions through various operational and analytical assignments intended to assist in supporting a range of work streams.   
 

Principal Accountabilities

The successful candidate will work on projects related to workstreams across three of the four unit teams: Lending and Reserves, Strategy, and Counterparty Credit Risk.

All the teams require data synthesis, analysis and presentation on both a business as usual (BAU) as well as ad-hoc basis to support credit risk decision making, financial analysis, improving BAU reporting (including senior management committee reporting) and ad-hoc informational requests.

In addition, the candidate should be able to perform other duties as assigned related to supporting the RCA unit, including providing administrative support, performing quality reviews and projects related to records management in accordance with Federal Reserve guidance. 
 

The successful candidate is expected to have:


* Undergraduate or graduate student in business, finance, law, economics, or related field


* Strong experience with Excel, PowerPoint, Word, Acrobat


* Proficiency in Tableau, SQL, Python, R not required but beneficial


* Experience and skills related to fundamental financial analysis


* Strong attention to detail


* Strong communication skills


* Ability to work in a 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...