Summer Graduate Intern, Policy Development - Division of Supervision and Regulation

Minimum Education

Enrolled in a graduate degree program at an accredited university and returning to continue studies after the internship.

Minimum Experience

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 Policy Development team in the Division of Supervision & Regulation is responsible for developing and implementing policies relating to financial institution supervision and regulation. Examples of the team’s work include rule-makings, guidance, rule interpretations, and briefing materials for senior officials involving matters such as capital, liquidity, resolution, and other areas of the bank regulatory framework.

The summer intern in the Policy Development section will work closely with section policy analysts and management to conduct analysis and writing in support of bank regulatory policy development and interpretations. Over the course of the internship, the student will:

•    Develop an understanding of various banking activities and how and why they are regulated.
•    Become familiar with the regulatory policy process, including federal agency rule-making.
•    Conduct research and qualitative and quantitative analysis to inform policy decisions and interpretations.
•    Have opportunities to contribute to internal briefing and external communications materials.

The ideal candidate will have:
•    Strong critical thinking, problem-solving, and analytical skills.
•    Strong written and oral communication skills.
•    Ability to learn, digest, and engage in new topics.  Candidate feels comfortable working in unfamiliar territory and delving into new topics, issues, and challenges.
•    Intellectual curiosity and interest in financial institution regulatory and policy issues.
•    Flexibility to manage competing priorities efficiently and to complete tasks under tight deadlines.
•    Ability to distill complex information and identify appropriate options or solutions for decision makers.
•    Ability to incorporate feedback effectively and efficiently.
•    Attention to detail, thoroughness, organization, timeliness, sound judgment, resourcefulness, and creativity.

Suggested Major/Program: Current student in a graduate-level program, focused on Public Policy, Law, Economics, Finance or a related field.

Required Skills and Knowledge: Strong written communication skills; Microsoft office

Preferred Skills and Knowledge: Experience or knowledge in finance, capital markets, or banking is desirable, but not required.

Required Documents for application: Resume, unofficial transcript; cover letter recommended; a writing sample may be requested during the recruiting process.

Location: This position is open to candidates able to work in either a hybrid (at our offices in Washington, DC) or remote capacity.

U.S Citizenship is required for all Board internships and applicants must be current students, graduating from their program Fall 2024 or later.