Federal Reserve Bank of Boston

This Internship will provide a service member the opportunity to learn about Bank Supervision from the lenses of our Regional and Community Unit. The individual will be able to not only developed core competencies throughout the internship but also train/learn more about one of the main functions/services that the Fed has.

Regional & Community Supervision Intern1. Competency 1: Builds Relationshipsa. Description: Develops effective working relationships with stakeholders (stakeholders include examination staff, administrative staff, and unit leadership (managers and officers)); and relates to others in a respectful manner.b. On the Job Experience: i. Projects where individual will be expected to build relationships with members of unit and specific examination teams.ii. Planned networking/mentoring sessions with leaders in the Federal Reserve System.c. Self-Development:i. Social networking within the Supervision, Regulation and Credit department and within the Regional & Community Supervision unit. Attend Unit Meetings, Training Days and networking/social events. d. Classroom Training:i. Attend unit quarterly training day and other events related to relationship building.ii. Opportunity to partake formal team-building / leadership development training. iii. Virtual Training Opportunities1. Making High Quality Decisions2. High Impact Feedback & Listening2. Competency 2: Intro to Regional & Community Supervisiona. Description: Understands the basic foundations of the R&C Supervision program to include the operational steps/processes that make a up a comprehensive examination event.b. On the Job Experience:i. Offsite Financial Analysis – shadow offisite analysts in quarterly monitoring work. Candidate would develop skills in continuous monitoring of financial metrics and trends over 1st District financial institutions. In addition, the candidate would develop writing skills associated with financial assessments as well as presentation skills with small to moderate sized groups. ii. Working with Unit Exam QC function to audit exam administration prior to closeout of exam and report mailing. Gain an understanding of operational aspects of completing a bank exam and develop skills associated with internal oversight and quality control to ensure the unit completes work according to internal scope and system documentation standards.c. Self-Development:i. Attend examination vetting sessions to gain an understanding of the though process that goes into completing assessments over various risk areas. ii. Attend Unit Training Daysd. Classroom Training:i. ECP Independent Online Bundle (virtual)1. Fed Foundationsa. Central Bankb. Business of Bank Supervision2. Foundations in Community Bankinga. Business of Community Bankingb. Community Banking Examination Process3. Principles of Safety & Soundness Supervisionii. Banking School Learning Bundle (virtual)1. Intro to Banking School2. BHC Act3. Change in Bank Control Act4. Reg W 5. Capitaliii. Foundational Supervisory Skills for CBO/RBOiv. Effective Writing in Supervision

The Federal Reserve Bank is committed to a diverse, equitable 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.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 residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks. The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers. All applicants must have been a US Citizen or a permanent resident who also resided in the United States for at least three (3) years. 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. All candidates must undergo an enhanced background check and comply with all applicable information handling rules. 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.