Boston, Massachusetts

Company
Federal Reserve Bank of Boston

As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.

A requirement of this position is that the employee must be fully vaccinated against COVID-19 or qualify for an accommodation from the Bank's vaccination policy; individuals who are unable to be vaccinated due to a medical condition or sincerely held religious belief may request an accommodation from the Bank.

This position is part of the Bank's Internship/ Co-op Program which is offered to students who are currently enrolled in graduate and undergraduate studies.. This Program identifies talented and qualified candidates who could potentially fill professional job openings in the Bank.

As part of the central bank of the United States, the Boston Fed works promote sound growth and financial stability in New England and the nation. Our team contributes to communities, the region, and the nation by supporting the supervision of financial institutions and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.

Overview of Team/ Function:

The System Fintech Supervision Program (SFSP) is a Federal Reserve System-wide program charged with developing and implementing a supervisory program to address the rapid growth in firms' fintech activities, to ensure effective identification and monitoring of emerging technology risks**, and to help ensure a consistent and coordinated supervisory approach across portfolios.

The Supervision, Regulation and Credit Department of the FRBB has an opening for an intern/ Co-op Program member for our Fintech program for within our Artificial Intelligence and Analytics teams. The intern would partner with program participants and provide analytical support to multiple ongoing initiatives. Will need to be available ASAP and work through the summer.

Qualifications:
  • Pursuing major in relevant field such as Economics, Finance, Computer Science
  • Effective communication skills
  • Analytical and quantitative skills
  • Proficient in MS Office products: Excel, Word, Powerpoint
  • Basic to intermediate understanding of financial markets and instruments is desirable
  • Experience in programing languages highly desirable


**Technology driven products and solutions that aim to enhance firms' revenue stream or reduce costs, either through novel products or automation.

This position requires access to confidential supervisory information, access to which is limited to "Protected Individuals" as defined by regulation of the Board of Governors of the Federal Reserve System. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and lawful permanent resident aliens (also known as "green card holders") who are eligible for and seeking United States citizenship within the requisite timeframes.

The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

Full Time / Part Time
Full time

Regular / Temporary
Temporary

Job Exempt (Yes / No)
No

Job Category
Internship

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.

Privacy Notice

Boston, Massachusetts

As part of the nation's central bank, the Federal Reserve Bank of Boston promotes sound growth and financial stability in New England and the nation. The Bank contributes to local communities, the region, and the nation through its high-quality research, regulatory oversight, and financial services, and through its commitment to leadership and innovation.

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