Internship
Technical Internship
Confirmed live in the last 24 hours
The Federal Reserve System
1,001-5,000 employees
Central bank managing U.S. monetary policy
Compensation Overview
$22Hourly
No H1B Sponsorship
Richmond, VA, USA
US Citizenship Required
- Pursuing degree or advanced certification with a STEM (Science, Technology, and Engineering, or Math) focused curriculum
- Demonstrated ability to influence and lead others
- Communication and interpersonal skills, including the ability to work effectively in a team environment
- Creative thinker who embraces change
- Strong project management skills, including organization, planning, and execution, analytical and problem-solving skills
- US Citizenship or US Permanent Resident status is required. Sponsorship is not available for this role.
- Utilizes established methods and tools to perform moderately complex analyses of business issues
- Works with clients and other resources to assess current capabilities, identify customer needs and assist in recommendation process improvements
- Provides support in gathering, analyzing and compiling information from end-users and stakeholders to ensure processes, software and/or applications meet business requirements
- Contributes to process improvement and solution discussions, may present outcomes to management
- May participate in cross-functional team initiatives, process improvement and/or technology-based projects
- Escalates non-routine or unusual problems to higher level support staff as appropriate
The Federal Reserve System serves as the central bank of the United States, playing a crucial role in shaping the nation's economy and financial stability. It formulates national monetary policy, which involves managing interest rates and money supply to promote economic growth and control inflation. The Federal Reserve also supervises and regulates banks and bank holding companies to ensure a safe and sound banking system. Additionally, it provides financial services to banks and the U.S. government, acting as a bank for banks. What sets the Federal Reserve apart from other financial institutions is its unique position as a government entity that operates independently to achieve its economic goals. The primary goal of the Federal Reserve is to foster a stable financial system and a healthy economy, ultimately benefiting the public and the global economy.
Company Stage
N/A
Total Funding
N/A
Headquarters
null, null
Founded
1913
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%
Simplify's Take
What believers are saying
- Increased focus on digital currency enhances the Fed's regulatory and innovation capabilities.
- The rise of fintech partnerships offers modernization and improved financial inclusion opportunities.
- Involvement in climate risk management positions the Fed as a leader in sustainable finance.
What critics are saying
- Enforcement actions against Texas banks suggest potential systemic issues needing more oversight.
- Interest on Excess Reserves may complicate monetary policy and inflation control.
- Slow FedNow adoption due to outdated tech could hinder payment system modernization.
What makes The Federal Reserve System unique
- The Federal Reserve is the central bank of the United States, a global financial leader.
- It plays a crucial role in formulating national monetary policy and regulating banks.
- The FedNow Service marks a significant step in modernizing the U.S. payment system.
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