SCS - Community Banking and Applications Intern - 2027

About the role

The Federal Reserve Bank of Cleveland is part of the nation’s central bank and has been named “One of Northeast Ohio’s Best Places to Work” for twenty‑seven consecutive years by North Coast 99, recognizing outstanding employment practices in compensation, benefits, training, recruitment, retention, community services, and employee communications. The Bank seeks innovative thinkers with vision to help build the framework that will carry it into the future. Candidates must be U.S. citizens, permanent residents, or green card holders to access confidential supervisory information. The internship is within the Supervision, Credit Risk, & Statistics (SCS) department, offering the chance to contribute meaningful work while developing professional skills.

Responsibilities

• Conduct research and analysis of financial condition reviews of financial institutions within the Fourth District.
• Engage in reviews of state member banks and bank holding companies through field examinations, ongoing monitoring, review of reports and workpapers, and regulatory filings.
• Help teams identify business process improvements, efficiencies, and design and/or implement analytical solutions leveraging emerging technologies (AI/ML).
• Assist with data validation and reporting accuracy and integrity.
• Engage in leadership and career development activities for your future.

Requirements

• Currently pursuing an undergraduate or graduate degree in Finance, Economics, Business Analytics, Data Science, or a related field with a minimum GPA of 3.0.
• Should have at least one semester left to complete school.
• Strong computer/technical skills required.
• Proficiency with Microsoft Office products, specifically Excel and Access (proficiency or familiarity with programming in Python, R, SQL, etc. is a plus).
• Ability to work in a deadline‑driven environment and to multitask.
• Ability to work both in a group setting and on an individual basis.
• Strong oral and written communication skills.
• Must be a U.S. citizen, permanent resident, or green card holder (protected individual) for access to confidential supervisory information.
• Looking for collaborative and innovative full‑time students entering their sophomore year or beyond.

Skills

• Proficiency with Microsoft Office (Excel, Access).
• Familiarity with Python, R, SQL, or similar programming languages is a plus.
• Strong computer/technical abilities.

Benefits

• Hands‑On Experience: Gain practical experience and insights through real‑world projects and challenges.
• Mentorship: Receive guidance and mentorship from experienced professionals committed to your development.
• Networking Opportunities: Build connections within the industry and with fellow interns and employees.
• Professional Development: Participate in workshops, training sessions, and seminars designed to enhance your skills and knowledge.

Pay

The expected starting salary range for this position is between $20.50 and $26.00 hourly; final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data.

Schedule

Interns work 40 hours per week for a 10