SCS - Credit Risk Management Intern - 2027 at Federal Reserve System in Cleveland, OH

Job description

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-seven 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. Take your skills to the next level and gain valuable experience contributing to work within Credit Risk Management. Intern Duties : Ensure the daily operations of core functions are conducted consistently with established policy, procedure, and prudential risk and control requirements. Conduct research and analysis on top and/or emerging risk topics and financial condition reviews of depository institutions within the Fourth District for determination of credit risk and condition considerations. Assist Credit Risk Management with data validation and eligibility reviews of loan collateral pledged to the Discount Window. Assist in analyzing complex financial statements of depository institutions and reviews for liquidity analysis. Assist in preparing and delivering briefings, presentations, recommendations, and other communications for key decision-makers regarding matters impacting the Discount Window, Condition Monitoring, Reserves, Payment System Risk and/or Collateral functions. Perform other duties as assigned or requested. Requirements for Internships : Currently pursuing an undergraduate degree or graduate degree with a minimum GPA of 3.0. Should have at least one semester left to complete in school. Accounting, Finance, Economics, General Business, Strong computer/technical skills required. Proficiency with Microsoft Office products, specifically Excel and Access (or familiarity with other data access tools). 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. 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. Our interns will work onsite at our Cleveland, Ohio location. We’re looking for collaborative and innovative full-time students entering their sophomore year or beyond. Our student interns work 40 hours per week for the duration of a 10- to 12-week internship that starts as early as June and ends as late as September, depending on student schedules and business needs. 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 To be considered for this position please enter your application by October 31st, 2026 Citizenship requirements This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent r