Job Description:

Company

Federal Reserve Bank of Minneapolis

The Federal Reserve Bank of Minneapolis Undergraduate Intern Program (Program) in Supervision, Regulation, and Credit (SRC) is intended to introduce undergraduate students to the Banking Supervision function and the broader Federal Reserve System. SRC is responsible for the supervision of bank holding companies, state member banks, and foreign banking organizations. This internship is a part of the community and regional supervision department in SRC, which focuses on the safety and soundness of supervised institutions.

The Program provides an opportunity to work in an intellectually stimulating and collaborative environment, to engage in meaningful public service, and to interact with supervision staff at the Federal Reserve Bank of Minneapolis and across the Federal Reserve System. Interns will receive on-the-job mentoring and professional development as they engage in job duties.

The SRC Program provides summer interns with the opportunity to enhance essential business skills and develop an understanding of the Federal Reserve’s role in the supervision of financial institutions. You may review risk management practices, operational controls, financial condition, and/or compliance with banking laws and regulations during the Program. In addition to working within SRC, interns working in the Program can participate in Bank-wide professional development activities and network with other intern cohorts.

Internship Hourly Wage: $22.00

The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are expected to be in the office 3 days per week for meetings and team collaboration. The first few weeks will require 100% in-person engagement for on-boarding and training.

What you will do:

• Become familiar with financial institution’s financial condition, risk management practices, and operational and lending functions.


• Review financial institution’s compliance with banking laws, regulations, and regulatory guidance.


• Review, organize, and verify financial institution documents and profiles.


• Perform financial analysis, conduct financial industry research, and explore emerging banking topics, as needed.


• Participate in internal networking and mentorship opportunities with SRC and bank staff.


• Observe and participate in relevant meetings to gain an overview of the department and supervisory issues.


• Responsibly handle highly sensitive and confidential information.

Required Qualifications:

• 
  Senior enrolled in and scheduled to graduate in 2025 from an undergraduate degree in accounting, business, economics, finance, information technology/cybersecurity, or closely related field with a strong academic record in the program.


• Strong written, verbal, and interpersonal communication skills.


• Ability to work collaboratively within a team.


• Meet Protected Individual requirement.


• Able to work 40 hours per week onsite throughout the duration of the 12-week internship program, starting in June 2025.


• Strong preference will be given to local (Minneapolis/St. Paul and Helena metropolitan areas) candidates.

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. Candidates who are not U.S. citizens must sign a declaration of intent to expeditiously become a U.S. citizen when eligible. Must be a U.S. citizen or lawful permanent resident alien with at least three years of legal residency.

The Federal Reserve Bank of Minneapolis is committed to equal employment opportunity (EEO) for all persons in all aspects of employment, without regard to race, color, religion, national origin, sex, age, marital status, disability, sexual orientation, gender identity, or genetic information.

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 believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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