Internship

Summer 2025 Internship

Internal Controls, Sox/Coso

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

Dallas, TX, USA

Hybrid position.

Category
Auditing
Cost Accounting
Financial Accounting
Financial Planning
Accounting
Required Skills
Word/Pages/Docs
Excel/Numbers/Sheets
Requirements
  • 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
Responsibilities
  • 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
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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