Summer 2025 Intern – Financial Market Infrastructure Oversight - RBOPS - R024700

Primary Location : DC-Washington

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Employee Status : Temporary

Overtime Status : Non-exempt

Job Type : Internship

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Relocation Provided: : No

Compensation Grade Low: : FH Pay Grade 22

Compensation Grade High: : FH Pay Grade 22

Minimum Salary: : $32.21

Maximum Salary: : $50.63

Posting Date : Sep 10, 2024

Minimum Education

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

Minimum Experience

0

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 FMI Oversight team is responsible for conducting the Federal Reserve Board’s oversight of systemically important Financial Market Infrastructures (FMIs) including central counterparties, payments systems, and securities settlement systems. These FMIs are critically important to the functioning of the US financial system and span a wide range of asset classes including securities (equities, Treasuries, mortgage-backed securities, etc.) and financial derivatives (options, futures, swaps, etc).  

Position Description: 
Expected Projects:  The intern will assist with policy analysis and projects related to payment, clearance, and settlement (PCS) activities. 
 
Competencies/Learning Objectives:  Policy analysis; data analysis; organization; communication; learning agility. 
Suggested Major/Minor: Finance, Accounting, Business Administration, Public Policy, Economics, or another related field.
Required Skills and Knowledge: MS Office
Preferred Skills:  Knowledge of financial markets and payment, clearing and settlement activities

 
Remarks:
 

• US Citizenship is required for all Board internships.
• Applicants must be current students enrolled in a degree seeking program, graduating from their program fall 2025 or later. 
• This position requires a combination of hybrid and in-person presence in our Washington DC office.
• Required Documents for application: A copy of an unofficial transcript may be requested. CV and two reference letters
• Learn more about our internship program: https://www.federalreserve.gov/careers-internships.htm