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Southern Arkansas University’s internship program offers graduate students valuable experience in economics, finance, accounting, information systems, and data analysis within the Federal Reserve Board’s Stress Testing Operations.
The role supports program leaders, cross-functional teams and manages meetings, communications, and events. Ideal candidates are current graduate students with strong attention to detail and SharePoint experience, and are prepared for on-site work.
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Summary
The Federal Reserve Board (Board) provides students opportunities for career success. The Board’s Internship program is designed to provide valuable work experience for graduate students considering careers including, but not limited to, economics, finance and accounting, information systems, and data analysis. The Board believes that by combining academic endeavors with project-related work experience, qualified and capable college students can gain the practical knowledge need in a competitive global job market. Internships are paid positions with salaries commensurate with credit hours; internships may be in-person, remote or hybrid, depending on the needs of the team. Employment in the Board’s internship program is granted to U.S. citizens. Applicants must be currently enrolled in a graduate degree program at an accredited university and returning to continue studies after the internship. Interns receive a syllabus or research project plan outlining their projects and goals for the internship. Interns are assigned a supervisor or mentor to guide them through their internship, and regular check-in meetings with their manager to manage performance expectations and assist with learning goals. Interns have access to a wide range of training programs and events for professional development purposes.
The Federal Reserve’s Stress Testing Program assesses whether U.S. bank holding companies (BHCs), covered savings and loan holding companies (SLHCs), and intermediate holding companies of foreign banking organizations (IHCs) with $100 billion or more in assets (together, referred to as “large banks”) are sufficiently capitalized to absorb losses and continue lending to households and businesses under stressful conditions. The stress tests evaluate the resilience of large banks by estimating their losses, revenues, expenses and resulting capital levels - which provide a cushion against losses - under hypothetical recession scenarios into the future.
The Stress Testing Operations area includes both Program Management and Technology teams. Together, these teams are responsible for managing the nexus between the Program’s staff, the full scope of assigned work, and accessibility of necessary technology and data. Members of both teams manage cross-functional projects and high-priority initiatives and oversee day-to-day activities to ensure that the Program can meet critical milestones and achieve strategic objectives.
Anticipated Start Date: Fall 2026
US Citizenship is required for all Board internships and applicants must be current students, graduating from their program August 2027 or later.