Summer 2025 Graduate Internship - Business Technology Services at Federal Reserve Bank (FRB) in Minneapolis, Minnesota

Job Description:

Company

Federal Reserve Bank of Minneapolis

The Federal Reserve Bank of Minneapolis Graduate Intern Program is intended to introduce full-time or part-time graduate students to the broader Federal Reserve System and, more specifically, leading and supporting the review of processes and systems to identify gaps for continuous improvement opportunities in the Banking Supervision function. Being at the forefront of overseeing the nation’s largest and most complex financial institutions is a unique opportunity that requires highly analytical and quantitative individuals. Interns will receive on-the-job mentoring and professional development as they engage in job duties.

The SRC Grad Intern Program provides an opportunity to work in an intellectually stimulating and collaborative environment, to engage in meaningful public service, and to interact with senior leaders at the Federal Reserve Bank of Minneapolis and across the Federal Reserve System. Interns will gain exposure to and experience with the most important quantitative issues and challenges currently facing the regulatory and financial industries.

Internship Hourly Wage: $27.00

The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are expected to be in the office 3 days per week for meetings and team collaboration. The first few weeks will require 100% in-person engagement for on-boarding and training.

Position Description:

• Selects, collects, and analyzes data to find root causes of performance issues; identifies trends and process variations that lead to continuous improvement opportunities. 




• Designs and develops process improvement solutions.




• Performs change management activities including developing and delivering training and communications to support transition of improvement project changes.




• Maintains and communicates project plan progress, issues, and risks.




• Creates metrics to track benefits of improvement implementations; develops dashboards and tools to monitor progress of key results, key performance indicators, and service levels within a project portfolio.




• Summarizes analysis to report on key improvement opportunities to use for future state solution design.




• Presents technical issues to non-technical audiences and clearly articulate options and recommendations in verbal and written form.




• Participates in internal networking and mentorship opportunities with business analytics and project management professionals and leadership across the Federal Reserve System.

Required Qualifications:

• Currently enrolled and actively pursuing a graduate degree business, data, finance or technical field with strong academic record in graduate program.




• Advanced analytical and problem-solving skills to identify process gaps and inefficiencies in systems.




• Previous experience gathering business requirements to solve business problems.




• Strong project management skill set with experience working in an agile methodology.




• Previous experience with report development and modern BI and reporting tools (e.g., SQL, Tableau and Power BI), preferred.




• Demonstrated written and verbal communication skills, with the ability to articulate technical concepts to all audiences. 




• Ability to work collaboratively within a team.




• Meet Protected Individual requirement.




• Able to work 40 hours per week throughout the duration of the 12-week internship program, starting in June 2024.




• Strong preference will be given to local (Minneapolis/St. Paul and Helena metropolitan areas) candidates; remote work options to be considered on an exception basis.

Additional Preferred Qualifications (Not Required):

• Experience with UiPath and/or other RPA tools.




• Experience with Power Applications, Low Code / No Code solutions.




• Knowledge of Finance and Banking.

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. Candidates who are not U.S. citizens must sign a declaration of intent to expeditiously become a U.S. citizen when eligible.

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

No

Job Category

Internship Family Group

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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