Summer 2025 Internship – Internal Controls (SOX/COSO) at Federal Reserve Bank (FRB) in Dallas, Texas

Job Description:

Company

Federal Reserve Bank of Dallas

We are dedicated to serving the public by promoting a strong financial system and a healthy economy for all. These efforts take a team of dedicated individuals doing many different jobs. Together we’re creating a workplace where talented people can thrive, and we welcome your unique background and perspective to help present the best possible solutions for our partners.

Location: #LI-Hybrid

ABOUT THE DALLAS FED:

At the Dallas Fed we serve the public by partnering with communities and businesses, promoting jobs and stable prices, and keeping your money safe and available. We welcome different perspectives, ideas, and experiences, and are committed to maintaining an inclusive and diverse culture. As part of the nation’s central bank, we are committed to improving the economy and our communities. Are you ready to make a difference?

Learn more about the Dallas Fed: www.dallasfed.org/fed.

ABOUT THE INTERNSHIP PROGRAM:

We offer paid, full-time summer internships for many majors, with fulfilling work and opportunities to grow. To help launch your career, we provide dedicated staff mentors. You’ll also learn from senior leaders and industry experts. As part of the Federal Reserve System, you’ll be connected to a professional network that spans the nation. You will begin in early June and will be based in the Dallas office.

Learn more about our internship program: www.dallasfed.org/internships.

ABOUT YOUR TEAM:

The Strategic Risk Management (SRM) team consists of two main functions – Internal Controls and Enterprise Risk Management (ERM). Internal Controls performs quarterly testing on controls that have a direct impact to our financial statements to ensure they are free from any material misstatement. Enterprise Risk Management aids in effectively managing risks to our mission critical operations which includes collaborating with business areas to identify, assess, monitor, and report on organizational risk as well as serve in an advisory capacity to senior leaders and the Bank’s Risk Management Committee (RMC).

The Project Management Office (PMO) is responsible for coordinating the annual Investment Review Committee (IRC) Submission Cycle, captures monthly reporting on all ongoing IRC projects, and hosts quarterly update meetings for agile projects post-release. The team collaborates with a variety of stakeholders all across the District to ensure a successful submission cycle and accurate project status reporting.

The Financial Planning & Analysis (FP&A) team oversees the Eleventh District's operational budget, coordinates the Bank's monthly financial forecast, prepares the annual financial plan, and ensures compliance with the Federal Reserve System's Planning and Control System (PACS), the fundamental expense accounting and budgeting system for all Reserve Banks. To accomplish this, the team partners with each business area in the District to improve the overall budget and forecasting performance while ensuring alignment with local and System strategies and compliance with cost accounting policies.

WHAT YOU’LL DO:

• Gain knowledge and basic understanding of above-mentioned teams and their general processes


• Support the Internal Controls team by performing controls testing of various business areas


• Support the ERM team by researching topics in preparation of RMC or other advisory group meetings


• Support the PMO team by effective note-taking and researching into projects as necessary


• Support the FP&A team with a project or task related to budget or cost accounting


• Support teams in creating or updating materials and documentation and recommending improvements as requested

WHAT YOU BRING:

• Junior or Senior student majoring in Accounting, Finance, Risk, Business or related field


• Proficient in Microsoft Excel, Word, PowerPoint, Outlook, SharePoint


• Excellent analytical and communication skills, both verbal and written


• Equivalent education and/or experience may be substituted for any of the above requirements

OUR BENEFITS:

• Flexible hours


• Professional development opportunities 


• Broader networking opportunities across District 


• Downtown location with free parking


• 24/7 on-site fitness center (Houston, Dallas)


• On-site café and coffee shop

WORK HOURS:

Monday – Friday, 8:00 a.m. – 5:00 p.m. (40 hours/ week). Some additional hours may be required

NOTES:

Applicants must be eligible to work in the U.S and the role is not available for sponsorship.

If you need special accommodations during your interview process, please notify your Talent Acquisition Consultant.

We are proud to be an equal opportunity employer

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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