SCS - Community Banking and Applications Intern - 2027

Federal Reserve Bank of New York; Cleveland (OH); On-site; USD 29,000 - 36,000; Full time

Job summary

The Federal Reserve Bank of Cleveland is offering a Community Bank Supervision and Applications Intern position in Cleveland, Ohio. This full-time internship runs 10–12 weeks, with workweeks of 40 hours and a start date as early as June.

Interns will conduct research, review financial institutions, assist with data validation and regulatory filings, and participate in leadership and professional development activities.

Qualifications

• Pursuing undergrad or graduate degree with GPA >= 3.0 and at least one semester left.
• Strong computer/technical skills; Excel and Access; familiarity with Python, R, SQL is a plus.
• Ability to work in a deadline-driven environment, multitask, and collaborate in teams.
• Strong oral and written communication skills.

Responsibilities

• Conduct research and analysis of financial condition reviews of institutions in the Fourth District.
• Engage in reviews of state member banks and bank holding companies via field work, monitoring, reports, and filings.
• Assist in identifying business process improvements and design analytical solutions using AI/ML.
• Assist with data validation and reporting accuracy and integrity.
• Engage in leadership and career development activities.

Skills

Technical skills

Excel

Access

Python

R

SQL

Communication

Multitasking

Teamwork

Education

Finance / Economics / Business Analytics / Data Science

Tools

Excel

Access

Python

R

SQL

Job description

Community Bank Supervision and Applications Intern Responsibilities

• Conduct research and analysis of financial condition reviews of financial institutions within the Fourth District.


• Engage in reviews of state member banks and bank holding companies through activities such as field examinations, ongoing monitoring, review of reports and workpapers, and regulatory filings.


• Help teams identify business process improvements, efficiencies and design and/or implement analytical solutions leveraging emerging technologies (AI/ML).


• Assist with data validation and reporting accuracy and integrity.


• Engage in leadership and career development activities for your future.

Requirements for SCS Internships

• Currently pursuing an undergraduate or graduate degree in Finance, Economics, Business Analytics, Data Science 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 (proficiency or familiarity with programming in Python, R, SQL, etc. is a plus).


• 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 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.

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

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]

Contact & Application Information

Citizenship requirements: This position requires access to confidential supervisory information and/or FOMC information, which is limited to \"Protected Individuals\" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. In addition, all candidates must undergo an enhanced background check and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.

Company Overview

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!

The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.

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.

Additional Notes

Please check back later for more information on available job opportunities.