Internship

Undergrad Technology Intern

Confirmed live in the last 24 hours

The Federal Reserve System

The Federal Reserve System

1,001-5,000 employees

Central bank managing U.S. monetary policy

Fintech
Financial Services

Compensation Overview

$22Hourly

No H1B Sponsorship

Minneapolis, MN, USA

Onsite work is required 3 days per week.

US Citizenship Required

Category
IT Support
IT & Security
Required Skills
Software Testing
Requirements
  • Work in process towards a post-secondary degree in Computer Science, Networking, Management Information Systems, Information Technology, or related field.
  • Excellent oral and written communication skills.
  • Proficient with standard business/office software applications.
  • Effective interpersonal communication skills.
  • Some positions require U.S. citizenship.
Responsibilities
  • Performed IT equipment moves, built and deployed IT hardware, closed incident tickets, and performed scripting tasks to identify process efficiencies.
  • Assisted in troubleshooting hardware and software issues to include password resets.
  • Created software testing plans and supported business partners in testing changes to applications.
  • Provided on-site technical support for events/meetings.
  • Gathered and documented requirements for the software delivery team.
  • Pulled reports in preparation for access reviews.
The Federal Reserve System

The Federal Reserve System

View

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

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

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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