Financial Management Intern - 2027

Federal Reserve Bank of New York; Cleveland (OH); On-site; USD 28,000 - 36,000; Full time

Benefits offered by this job

Hands‑On Experience

Mentorship

Networking Opportunities

Professional Development

Job summary

Federal Reserve Bank of Cleveland offers an internship where you will gain hands-on experience in finance, accounting, and data analytics at our Cleveland, Ohio location. You will work full-time for 10–12 weeks, starting as early as June, with a 40-hour work week, and opportunities to learn budgeting, reporting, and procurement processes.

You will assist with journal entries, general ledger tasks, asset reviews, and the development of data visualizations for executive reporting, while building

Qualifications

• Pursuing undergraduate or graduate degree in Finance, Accounting, Business, Data Analytics; minimum GPA 3.0; at least one semester remaining.
• Strong computer/technical skills required.
• Proficiency with Microsoft Office products, specifically Excel and Access (or familiarity with other data access tools).

Responsibilities

• Assist with execution of the current department strategic plan and be a part of developing future strategic initiatives for implementation in 2027 and beyond.
• Learn about the unique aspects of the Federal Reserve Bank’s financial statements.
• Assist with the preparation of journal entries, management of the general ledger, and account reconciliations.
• Assist with annual asset confirmation survey and salvage value review.
• Learn the fundamentals of budget preparation, maintenance, and customer service.
• Assist with preparing and distributing customer reports along with developing new job aids and training materials to support ongoing customer engagement strategies.
• Learn about Agile methodologies and how they can be useful in product and tool development to meet stakeholders needs efficiently.
• Assist in the development of new data analytics tools and visualizations which will be used for executive-level reporting.
• Assist with the identification, monitoring, and resolution of key process risk and controls.
• Work with the sourcing team on procure-to-pay activities.
• Research sourcing and contract data information within the Bank’s Enterprise Resource Planning Applications.
• Learn sourcing and procurement concepts and its impact on all financial management functions.

Skills

MS Office

Excel

Access

Education

Finance/Accounting/Business/Data Analytics

Tools

Microsoft Office

Job description

Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is part of the nation’s central bank. We’ve provided many opportunities for professional growth during our history. For twenty‑seven years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Our People Make the Difference!

Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed

To be considered for this role, candidates must be a U.S. citizen, permanent resident, or green card holder.

Take your skills to the next level and gain valuable experience contributing to work within Financial Management.

Internship Responsibilities

• Assist with execution of the current department strategic plan and be a part of developing future strategic initiatives for implementation in 2027 and beyond
• Learn about the unique aspects of the Federal Reserve Bank’s financial statements
• Assist with the preparation of journal entries, management of the general ledger, and account reconciliations
• Assist with annual asset confirmation survey and salvage value review
• Learn the fundamentals of budget preparation, maintenance, and customer service
• Assist with preparing and distributing customer reports along with developing new job aids and training materials to support ongoing customer engagement strategies
• Learn about Agile methodologies and how they can be useful in product and tool development to meet stakeholders needs efficiently
• Assist in the development of new data analytics tools and visualizations which will be used for executive-level reporting
• Assist with the identification, monitoring, and resolution of key process risk and controls
• Work with the sourcing team on procure-to-pay activities
• Research sourcing and contract data information within the Bank’s Enterprise Resource Planning Applications
• Learn sourcing and procurement concepts and its impact on all financial management functions

Internship Requirements

• Currentlypursuing an undergraduate or graduate degree in Finance, Accounting, Business, Data Analytics, or a related field with a minimum GPA of 3.0.Should have at least one semester left to complete in school.
• Strong computer/technical skills required.
• Proficiency with Microsoft Office products, specifically Excel and Access (or familiarity with other data access tools).
• Ability to work in a deadline driven environment and ability to multitask.
• Ability to work both in a group setting and on an individual basis.
• Strong oral and written communication skills.

What We Offer

• Hands‑On Experience: Gain practical experience and insights into the operations field through real‑world projects and challenges.
• Mentorship: Receive guidance and mentorship from experienced professionals who are committed to your development.
• Networking Opportunities: Build connections within the industry and with fellow interns and employees.
• Professional Development: Participate in workshops, training sessions, and seminars designed to enhance your skills and knowledge.

Internship Logistics

• Our interns will work onsite at our Cleveland, Ohio location.
• We’re looking for collaborative and innovative full‑time students entering their sophomore year or beyond.
• Our student interns work 40 hours per week for the duration of a 10‑to‑12‑week internship that starts as early as June and ends as late as September, depending on student schedules and business needs.
• The expected starting salary range for this position is between $20.50 and $26.00 hourly.
• Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data.

Physical Demands and General Working Conditions

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time.

Bank’s Ethics Rules and Drug Testing

Bank’s Ethics Rules and Drug Testing: As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting. In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.

Reasonable Accommodation Statement

The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to [e-mail]

Job Classification

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)

Equal Employment Opportunity

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.

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. 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.

Application Reminder

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Additional

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