Internship

Summer 2025 Intern-Computer Science and Software Engineering

Posted on 10/25/2024

The Federal Reserve System

The Federal Reserve System

1,001-5,000 employees

Central bank managing U.S. monetary policy

Fintech
Financial Services

No H1B Sponsorship

Chicago, IL, USA

Interns must commit to 40 hours a week for 10-12 consecutive weeks onsite or hybrid depending on the department's requirement.

US Citizenship Required

Category
Software QA & Testing
Software Engineering
Required Skills
Data Analysis
Requirements
  • U.S. Citizen or Permanent Residency
  • Must be a current, matriculated student in an accredited program graduating August 2024 or later
  • 2.75 GPA (unofficial transcripts might be asked to submit)
  • Ability to work 40 hours week throughout the duration of the 10-12 week internship program.
  • Intermediate working knowledge of Word and Excel
  • Strong interpersonal and communication skills
  • Ability to verbally present information and respond to questions from small to medium groups
  • Ability to interpret data and analytics to develop insights, tell stories, support the decision-making process, and measure impact
  • Detail-oriented and self-motivated
  • Ability to interact with internal and external clients professionally in a fast paced, high-energy environment
  • Ability to be an independent worker with a team player attitude
Responsibilities
  • engaging in project-based assignments
  • participating in professional development activities
  • gaining insights to the Federal Reserve System
  • contributing to the assigned department
  • building relationships with subject matter experts, Bank leadership, and fellow interns
  • working in a collaborative environment that fosters inclusion
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 goals. The primary aim 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 could enhance the Fed's regulatory capabilities.
  • The rise of fintech partnerships offers modernization opportunities for the Federal Reserve.
  • Emphasis on climate-related risks aligns with global sustainable finance trends.

What critics are saying

  • Enforcement actions against banks may indicate systemic issues needing more oversight.
  • Basel III Endgame reproposal could lead to pushback from financial institutions.
  • Slow adoption of FedNow due to outdated tech may hinder payment modernization.

What makes The Federal Reserve System unique

  • The Federal Reserve is the central bank of the United States, a unique position.
  • It plays a crucial role in formulating national monetary policy and regulating banks.
  • The FedNow Service offers instant payments, enhancing the U.S. payment ecosystem.

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