Supervision, Credit Risk, & Statistics (SCS) Intern - Summer 2025

Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is part of the nation’s central bank. We’ve provided many opportunities for professional growth during our history.

For twenty-five years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.

Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed.

To be considered for this role, candidates must be a U.S. citizen, permanent resident, or green card holder.

Join our team onsite as a paid intern – summer 2025!

Take your skills to the next level and gain valuable experience contributing to work within Supervision, Credit Risk & Statistics.

Supervision, Credit Risk, & Statistics (SCS) Intern Duties:

• Preparing financial condition reviews of banks, thrifts and/or credit unions within the Fourth District.

• Helping discount window lending teams identify business process improvements, efficiencies, and design a process automation pilot

• Assist Credit Risk Management with data validation and eligibility reviews of loan collateral pledged to the Discount Window

• Ensure the accuracy and integrity of organizational structure reports and data using basic editing techniques and established policies and procedures; and explore analytical solutions through the use of emerging technologies.

• Assist and coordinate annual SharePoint security compliance attestations for SCS Administration

• Assist with review of Annual Security reviews for SCS administration. 

• Review local security processes and procedures in accordance with various guidance letters.

• Participating and assisting in a field examination or inspection of a state member bank or bank holding company.

• Project work in Bank Supervision/Cyber Security

• Engaging in leadership and career development activities for your future

• Conduct research and analysis on top and/or emerging risk topics

Requirements for SCS Internships:

• 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 in school.

• Strong computer/technical skills required. Proficiency with Microsoft Office products, specifically Excel and Access (or familiarity with other data access tools, such as SQL, Python, etc.).

• Ability to work in a deadline driven environment and ability to multitask.

• Ability to work both in a group setting and on an individual basis.

• Strong oral and written communication skills.

• To be considered for this role, candidates must be a U.S. citizen, permanent resident, or green card holder.

What We Offer:

• Hands-On Experience: Gain practical experience and insights into the operations field through real-world projects and challenges.

• Mentorship: Receive guidance and mentorship from experienced professionals who are 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.

Physical Demands and General Working Conditions

Traditional office environment: Employees typically sit most of the day, work with a computer and may answer/respond to phone calls. Physical movement consists of walking for meetings, breaks, etc. Ability to lift items weighing approximately 20 pounds on a limited basis is required. Employees will be required to travel by car/air.

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") but do not include (i) a permanent resident alien who fails to apply for naturalization within six months of the date the alien first becomes eligible to apply for naturalization and (ii) an alien who has applied on a timely basis, but has not been naturalized as a citizen within 2 years after the date of the application, unless the alien can establish that the alien is actively pursuing naturalization. If you are selected for an interview, you will be required to present documentation of your eligibility prior to the interview.

Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels

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.

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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