Internship

National Procurement Office Fall 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

Richmond, VA, USA

US Citizenship Required

Category
Procurement & Sourcing
Operations & Logistics
Required Skills
Market Research
Requirements
  • Pursuing degree or advanced certification
  • 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
  • Understanding of dashboarding reporting and collaboration tools
  • US Citizenship or US Permanent Resident status required. Sponsorship is not available for this role.
Responsibilities
  • Utilizes established methods and tools to perform moderately complex analyses of business needs
  • Market Research
  • Technology review and rationalization
  • Order management
  • Invoicing and receiving
  • Provides support in gathering, analyzing and compiling information 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
  • Develop and use skills associated with SharePoint Online to manage trackers, metrics and identify opportunities
  • Exposure and work within the ERP tool; run various reports and understand output
  • Participate in various sourcing activities and exposure to negotiation and contract review activities
The Federal Reserve System

The Federal Reserve System

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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

N/A

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Working at the Federal Reserve offers the opportunity to contribute to significant economic policies that impact the global economy.
  • The Fed's diverse and inclusive work environment fosters creativity and innovation, providing room for personal and professional growth.
  • Employees benefit from a high-performance culture with meaningful responsibilities and a strong work-life balance.

What critics are saying

  • The Federal Reserve's involvement in controversial areas like crypto regulation and monetary policy can lead to public scrutiny and pressure.
  • The complexity and scale of its operations may result in slower adoption of new technologies, as seen with the FedNow system.

What makes The Federal Reserve System unique

  • The Federal Reserve System stands out as the central bank of the United States, wielding unparalleled influence over national monetary policy and financial stability.
  • Its role in supervising and regulating banks, alongside providing financial services to the U.S. government, sets it apart from other financial institutions.
  • The Fed's introduction of innovative systems like the FedNow instant payments platform highlights its commitment to modernizing financial services.

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