Assistant Examiner Intern

Federal Reserve Bank of New York; Richmond (VA); On-site; USD 13,208,000 - 17,870,000; Full time

Job summary

The Federal Reserve Bank of Richmond is seeking an Assistant Examiner Intern for its 2027 Summer Internship Program in Richmond, VA. You will rotate through three supervision lines, participate in examinations, and present findings to staff and management.

The program emphasizes mentorship, professional development, and a final project, with onsite presence and a strong focus on risk awareness and regulatory compliance.

Qualifications

• Rising senior with a minimum 3.3 GPA; preferred focus in Accounting, Finance, Business Administration, Economics, Mathematics or Statistics.
• Strong project management, organization, planning and execution abilities.
• Excellent communication and interpersonal skills suitable for teamwork.

Responsibilities

• Rotate through three supervision business lines and participate in examinations.
• Communicate findings to examination staff and senior management.
• Handle highly sensitive information and participate in meetings and bank simulations.

Skills

Project management

Communication

Team collaboration

Analytical thinking

Education

GPA 3.3 minimum

Preferred emphasis in Accounting/Finance/Business/Economics

Job description

Company Federal 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 Richmond Fed Supervision, Regulation, and Credit (SRC) department is now hiring for our 2027 Summer Internship Program. SRC is responsible for the supervision of bank holding companies, state member banks, and foreign banking organizations. Supervision is completed from two differing aspects, safety and soundness (assessing a bank’s financial performance and risk to the FDIC insurance fund) and consumer compliance (assessing a bank’s compliance with consumer guidelines such as Fair Lending and Community Reinvestment Act). SRC is also responsible for Discount Window operations where money can be lent to organizations in need of funding. The Assistant Examiner Internship Program provides a unique experience to explore SRC’s supervision business lines and will be 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 role in the supervision of financial institutions. During the program, you will gain exposure to the supervisory process through bank examination participation. While participating on bank examinations, you will interact with management at supervised institutions, review reports, participate in meetings, and assess risk exposures. You may review topics ranging from adequacy of risk management practices, operational controls, financial condition, and/or compliance with banking laws and regulations. In addition, you will participate in foundational learning, develop a relationship with a mentor, create and deliver presentations, and complete a final project. As part of the Bank’s larger intern cohort, you will participate in professional development activities and be provided with an extensive understanding of the work of the Federal Reserve. In addition to specific business area tasks, you will receive leadership training, mentorship and valuable networking opportunities.

What You Will Do:

• Rotate through three supervision business lines.
• Participate in an examination at the Federal Reserve Bank and/or a state member bank.
• Communicate findings and conclusions of supervisory activities to examination staff and senior management.
• Responsibly handle highly sensitive and confidential information.
• Observe and participate in relevant meetings to gain an extensive overview of the department and critical examination issues.
• Participate in a bank simulation exercise.
• Work with other interns to create and deliver a presentation to SRC related to internship experience.

Qualifications:

• Rising senior with a minimum 3.3 GPA with a preferred emphasis in Accounting, Finance, Business Administration, Economics, Mathematics, Statistics, or related field.
• Strong project management skills, including organization, planning and execution, analytical and problem-solving skills.
• Strong communication and interpersonal skills, including the ability to work effectively in a team environment.
• Intellectual curiosity with willingness to ask questions.

Other Requirements and Considerations:

• An applicant posting for employment as a Federal Reserve examiner intern must be a U.S. citizen or hold a permanent residence visa/Green Card and be an intending citizen.
• Sponsorship or practical training extensions are not available for this position.
• Under conflicts of interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.
• Please review the Bank’s Code of Conduct to ensure compliance with conflicts of interest rules and personal investment restrictions. The Code is available on the About Us, Careers webpage at www.richmondfed.org.
• FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations or their holding companies (Section 5.3). Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions.
• These employees may need to recuse themselves from certain supervisory work based on: their borrowing relationships if a financial institution employs a member of the employee’s immediate family if the individual was employed by the financial institution or affiliate within the past 12 months. In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the prospective employee.
• 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 applicant submissions, 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 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.

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.

Privacy Notice 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.