Federal Reserve Summer Technical 2027 Internship

Federal Reserve Bank of New York; Richmond, Northern (VA, KY); On-site; USD 32,000 - 34,000; Part time

Benefits offered by this job

Mentorship program

Exclusive networking opportunities

Leadership training

Job summary

Federal Reserve Bank of Richmond invites students to join its 2027 Summer Intern Program. Interns gain hands-on experience through advanced project work, leadership training, mentorship, and exclusive networking opportunities.

Interns perform moderately complex analyses, collaborate with clients, and prepare information for stakeholders to ensure business requirements are met. This is a temporary, onsite internship with a pay rate of $23.50 per hour.

Qualifications

• Pursuing degree or advanced certification with a STEM focused curriculum
• Demonstrated ability to influence and lead others
• Communication and interpersonal skills, including the ability to work effectively in a team environment
• Creative thinker who embraces change
• Strong project management skills, including organization, planning, and execution, analytical and problem-solving skills

Responsibilities

• Utilizes established methods and tools to perform moderately complex analyses of business issues
• Works with clients and other resources to assess current capabilities, identify customer needs and assist in recommendation process improvements
• Provides support in gathering, analyzing and compiling information from end-users and stakeholders to ensure processes, software and/or applications meet business requirements
• Contributes to process improvement and solution discussions, may present outcomes to management
• May participate in cross-functional team initiatives, process improvement and/or technology-based projects
• Escalates non-routine or unusual problems to higher level support staff as appropriate

Skills

Leadership

Communication

Teamwork

Analytical thinking

Problem solving

Adaptability

Process improvement

Education

STEM degree in progress

Job description

About the Opportunity:

The Federal Reserve Bank of Richmond and System IT are now hiring for our 2027 Summer Intern Program. 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 exclusive networking opportunities.

What You Will Do:

• Utilizes established methods and tools to perform moderately complex analyses of business issues
• Works with clients and other resources to assess current capabilities, identify customer needs and assist in recommendation process improvements
• Provides support in gathering, analyzing and compiling information from end-users and stakeholders to ensure processes, software and/or applications meet business requirements
• Contributes to process improvement and solution discussions, may present outcomes to management
• May participate in cross-functional team initiatives, process improvement and/or technology-based projects
• Escalates non-routine or unusual problems to higher level support staff as appropriate

Qualifications:

• Pursuing degree or advanced certification with a STEM (Science, Technology, and Engineering, or Math) focused curriculum
• Demonstrated ability to influence and lead others
• Communication and interpersonal skills, including the ability to work effectively in a team environment
• Creative thinker who embraces change
• Strong project management skills, including organization, planning, and execution, analytical and problem-solving skills
• Other Requirements and Considerations: Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions. The Code is available on the About Us, Careers webpage at www.richmondfed.org. US Citizenship status is required. Sponsorship is not available for this role. Selected candidate is subject to special background check procedures.

The hourly rate for summer interns is $23.50/hour.

Onsite presence required

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.

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

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 worlds 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. 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.