Stress Testing Operations Intern at Federal Reserve Board

Berkeley Industrial Engineering & Operations Research; Indiana (PA); On-site; USD 25,000 - 34,000; Full time

Job summary

The Federal Reserve Board offers paid internships for graduate students pursuing degrees in economics, finance, accounting, information systems, and data analysis. Internships may be in-person, remote, or hybrid, and require U.S.

citizenship and enrollment in a graduate program with plans to return after the internship. Interns receive mentorship, performance check-ins, and access to professional development resources.

Qualifications

• Attention to detail and accuracy in work
• Proactive problem-solving and initiative
• Ability to balance multiple priorities and tight deadlines
• Discretion and strong judgement in handling information
• Collaborative team player with good communication
• SharePoint administration or development experience is a plus

Responsibilities

• Manage meetings: schedule, plan agendas, track deliverables and decisions, follow up on actions.
• Facilitate official communications with internal and external recipients via central mailboxes.
• Provide support to Program leaders and cross-functional teams.
• Organize on-site events for system and public participants.
• Support and troubleshoot technology infrastructure (e.g., SharePoint).
• Contribute to first-mover efforts within cloud-migration initiatives.

Skills

Attention to detail

Proactive problem-solving

Multi-tasking under deadlines

Discretion and judgement

Collaborative mindset

SharePoint administration/development

Job description

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.

About Stress Testing National Program - Operations:

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.

What You Will Do

• Manage meetings, including scheduling, planning agendas, tracking deliverables and decisions, and following up on action items;
• Facilitate official communications with FRS internal and external recipients via associated central mailboxes;
• Provide support to Program leaders and cross-functional teams;
• Organize on-site events for System and public participants;
• Support and troubleshoot technology infrastructure, e.g. SharePoint sites.
• Contribute to first-mover efforts within broader cloud-migration efforts

Preferred Qualifications

• Attention to detail
• Proactive problem-solving
• Ability to balance multiple priorities and tight deadlines
• Discretion and strong judgement
• Collaborative mindset
• SharePoint administration or development experience is a plus.

Position Details

• 1-year, full-time (if full-time is not possible, minimum 30 hours per week)
• On-site commitment required

Notes

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.