Assistant Examiner Intern

rb; Richmond (VA); On-site; USD 31,000 - 40,000; Full time

Benefits offered by this job

Mentorship

Leadership training

Networking opportunities

Job summary

The Federal Reserve Bank of Richmond invites rising seniors to join the Summer Internship Program in the SRC department. Interns will rotate across three supervision lines, participate in bank examinations, and present findings to staff and leadership.

The program emphasizes mentorship, professional development, and exposure to regulatory processes within a central banking context. You will work with management to review risk management, controls, and regulatory compliance topics while gaining

Qualifications

• Rising senior with a minimum 3.3 GPA in Accounting, Finance, Business Administration, Economics, Mathematics, Statistics, or related field.
• Strong project management, organization, planning and execution abilities.
• Excellent communication and interpersonal skills; able to work effectively in a team.
• Intellectual curiosity with a willingness to ask questions.

Responsibilities

• Rotate through three supervision business lines during the internship.
• Participate in an examination at the Federal Reserve Bank or a state member bank.
• Communicate findings to examination staff and senior management.
• Handle highly sensitive and confidential information.
• Attend meetings to understand department operations and issues.
• Participate in a bank simulation exercise and contribute to a final presentation.

Skills

Project management

Analytical skills

Communication

Team collaboration

Education

Rising senior with GPA 3.3+ in relevant field

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 emplo