About the Role

The graduate-level Intern will operate as a project coordinator and support the Division of Consumer and Community Affairs’ Front Office (FO) in advancing the Division’s mission to promote a fair and transparent financial services marketplace for all consumers. The FO is central to aligning the Division’s work activities to its strategic goals and supporting a high performing workforce. It establishes and implements effective procedures and protocols and facilitates timely completion of key work activities by monitoring and reporting progress on achieving success measures and completing high quality deliverables.

The Intern will be under the supervision of the Deputy Director. They willperform various administrative tasks to help communicate, manage, and plan how to prioritize work activities and keep them onschedule.The Intern may also support the collection, analysis, and reporting of risk and risk mitigation opportunities for various work activities, as well as other related tasks as assigned. They must follow data quality best practices and are expected to present their work to various audiences in the Division.

Requirements

Suggested Major/Education: Must be a graduate student pursuing a graduate degree in an business management, finance, accounting, computer science, or other relevant fields graduating in December 2025 or later

Requires knowledge of fundamental project management principles, concepts, and techniques Musthaveexcellent communication and interpersonal skills to develop and maintain good business relationships;strongorganizationalandtime managementskills;keen ability to prioritize work based on strategic plans and protocols; high attention to detail;able to work effectively with a team and as an individual based on business needs.Demonstrates strong analytical and problem-solving abilities. Possessessolid working knowledge of Microsoft Office products including Outlook, Word, Excel, PowerPoint, and Teams; experience with Microsoft Project or similar project management tools is a plus.Applicants should provide a cover letter, resume, an unofficial transcript from their current institution(s) reflecting relevant coursework and may include contact information for one or two professional references.

Anticipated Work Hours: During the summer, 40 hours per week; during the school semester, 15-30 hours per week

Anticipated Work Environment: This internship will be a hybrid role, with a combination of in-person and remote work.

US Citizenship is required for all Board internships and applicants must be current students

Duties and Responsibilities

· With extensive guidance, performs data analysis to ensure the quality (conformity, consistency, completeness, accuracy, and timeliness) of financial data, banking structure data, survey data, contextual information data, and business data used for monetary, supervisory, research, and organizational decision-making purposes.

· Participates in providing data support services to end users, which includes data quality assurance activities (conformity, consistency, completeness, accuracy, and timeliness) and troubleshooting and researching datarelated questions. Participates in relevant internal task forces and committees that impact data management support.

· Shadows more senior staff to learn how to develop business requirements and report requirements for programmers to use in developing applications or automated programs to support analytical work, collect and make data accessible, and allow for the release of public information. With extensive guidance, ensures key security, regulatory, and policy requirements are adhered to with own work.

· Applies foundational level knowledge of the Board’s statistics requirements to ensure Reserve Banks’ adherence to policies, procedures, and best practices of data management services and status reporting. Participates in projects to establish or strengthen the data management program, data governance framework, methodologies, and data quality program.

· Shadows more senior staff to learn how to conduct product owner tasks such as monitoring product schedules and keeping stakeholders informed on the development and maintenance of systems, tools and platforms supporting operational capabilities.

· Shadows more senior staff to learn how to document test cases and identify issues in systems used to facilitate data management work.

· Supports gathering and analyzing data on the current business architecture and processes to identify root causes of issues, trends, patterns, and opportunities that impact the business line and stakeholders; reviews existing business processes and establishes metrics to improve processes.

· Conducts research on reporting requirements and guidance based on foundational knowledge of financial markets and institutions, and regulatory/monetary/structure data reporting for use by Board, Reserve Bank staff, and reporting institutions.

· Participates in developing metrics (e.g., on services, staff utilization, and performance) and creating documentation (e.g., strategic plan, policies, procedures, reports, charters, evaluations) for the national Statistics business line.

FR – 23 Minimum Qualifications:

Requires a bachelor’s degree in business, economics, finance, mathematics, computer science, information technology, or related field and one year of experience. Must have novice to foundational knowledge in the following areas: systems automation, project coordination, financial analysis, data flow management, data collection, consulting, business process improvement, risk management, technical writing, technical communication, presentation skills, and administration. Must be able to work effectively with more senior staff. Must be able to support more senior staff with one or more of the following: data analysis; conducting research in areas relevant to division or Board needs; and/or developing and implementing data collection and analysis tools.

FR – 24 Minimum Qualifications:

Requires a bachelor’s degree in business, economics, finance, mathematics, computer science, information technology, or related field and three years of experience. Must have foundational to intermediate knowledge in the following areas: systems automation, project coordination, financial analysis, data flow management, data collection, consulting, business process improvement, risk management, technical writing, technical communication, presentation skills, and administration. Must be able to work effectively with more senior staff. Must be able to support more senior staff with one or more of the following: data analysis; conducting research in areas relevant to division or Board needs; and/or developing and implementing data collection and analysis tools.

FR – 25 Minimum Qualifications:

Requires a bachelor’s degree in business, economics, finance, mathematics, computer science, information technology, or related field and four years of experience. Must have intermediate knowledge in the following areas: systems automation, project coordination, financial analysis, data flow management, data collection, consulting, business process improvement, risk management, technical writing, technical communication, presentation skills, and administration. Must be able to work effectively with more senior staff. Must be able to assist more senior staff with one or more of the following: data analysis; conducting research in areas relevant to division or Board needs; and/or developing and implementing data collection and analysis tools.

This position is for the Statistics Function Management Office within Board IT Statistics whose main responsibility is supporting the national Statistics Function- a business line that collects financial, banking structure, survey, and business data and provides data management services to ensure information is fit for use. New employees may participate in a local Board IT Statistics rotation program that would provide the employee an in-depth engagement with all Board IT Statistics units to develop their knowledge and expertise of the Statistics business line. A new employee’s exposure and engagement within Board IT Statistics would ensure a thorough knowledge and understanding of Board Statistics’ processes and procedures for providing services to stakeholders, performing program management support, and directing the national business line.

The Statistics Function Management Office (FMO) provides oversight and support for the function’s communications, governance, strategic initiatives, engagement models, and resource and demand management frameworks. The Statistics Data Management Analyst will be responsible for a wide range of business analysis activities, and must have exceptional critical thinking and problem-solving skills, and a strong ability to develop actionable plans and processes to address complex problems. Strong oral and written communication skills, interpersonal skills, and the ability to prepare professional and effective deliverables tailored for staff at all levels is required. The ability to make sound decisions, communicate effectively and exhibit good judgment even under high pressure or difficult situations is also required.

Demonstrated experience in strategic planning or strategy execution, project management, program management, risk management, data management and/or communications is strongly preferred. Experience creating data visualizations and developing tools and processes to manage data sets is preferred.

This position is hybrid, requiring a combination of telework and in-office presence in Washington, DC.

Duties and Responsibilities

· Leads and/or participates in implementing cybersecurity tools such as firewalls, proxies, intrusion detection, intrusion prevention, endpoint protection, and data analysis platforms as part of an integrated defense in depth solution with a central security information and event management (SIEM) system and security orchestration tools. Leads technical and analytical assessments to support information security engineering decisions to ensure Board information and systems are adequately protected. Ability to characterize and manage moderately complex risks to mitigate cyber threats.

· With some guidance, proactively supports analysis of threat intelligence from a variety of sources to understand the nature of the threat, extract the information that informs threat hunt operations, and uses that information to investigate Board IT assets for evidence of an intrusion or compromise.

· With some guidance, emulates threat actor tactics, techniques, and procedures in a controlled and/or production environment to demonstrate and observe the technical aspects of the emulated activity. Leads and/or develops adequate detection strategies and develops mitigations as needed to address the specific details of the threat.

· Leads the development of programs that apply statistical models, mathematical principles, and other analytic tradecraft to a variety of IT network-generated data for the purposes of identifying anomalous activity, suspicious network activity, and ultimately leads to the discovery of intrusions and/or compromises.

· With some guidance, identifies and analyzes system-generated logs and capture forensic images of a variety of systems for the purposes of fully analyzing a cybersecurity intrusion and/or compromise. Includes use of advanced knowledge to perform root cause analysis and develop timelines to show the actions taken by a cyber threat actor in an environment. Leads the completion of all phases of the incident response process including identification, containment, eradication, and remediation.

· Leads implementation of vulnerability scans and ensures operational systems are adequately patched to protect the Board from potential cyber threat actors. Leads the analysis of vulnerabilities and proof of concept code as it becomes available to assess the technical implications of a given threat and ensure that the Board’s defenses are sufficient. Maintains advanced knowledge of ethical hacking principles to apply the skills to the management of vulnerabilities and mitigation of technical risk. Ensures that vulnerabilities are managed and patched according to Board policies and procedures.

· Leads the development of and/or develops data analytic software and cybersecurity scripts using a variety of programming and scripting languages to enable cybersecurity activities designed to defend the Board’s IT assets. With limited guidance, develops programs, software, and scripts that automate the cybersecurity process. With limited guidance, develops data queries and scheduled jobs designed to correlate data for further analysis. With limited guidance, integrates tools and systems for advanced analysis of relevant data.

· With moderate guidance, manages cybersecurity projects focused on developing and instrumenting moderately complex approaches to detect, prevent, and respond to cybersecurity intrusions and/or compromises. Authors documents and oversees the execution of project plans, schedules, requirements, risks, assumptions, cost, performance, and resource utilization with minimal supervision.

Position Requirements

FR-26 Minimal Qualifications

Requires a bachelor’s degree in computer science, information technology, cybersecurity or a related business technology field and five years of experience. Must have advanced knowledge in in at least one of the following areas: general cybersecurity fundamentals, cyber threat analysis, data science principles, digital forensics, incident handling, incident management, incident response, vulnerability management, security engineering, automation and programming, project management, and relevant technologies and programming languages. Must be able to work effectively with staff. Must be familiar with relevant policies, procedures, and be able to work with TOP SECRET / SENSITIVE COMPARTMENTED INFORMATION. Must be able to support one or more of the following: providing threat assessments, recommending cybersecurity technologies for intrusion detection and prevention, assessing technical vulnerabilities, identifying automation opportunities, investigating, and resolving security breaches, technical writing, and communication.

FR-27 Minimal Qualifications

Requires a bachelor’s degree in computer science, information technology, cybersecurity or a related business technology field and six years of experience. Must have expert knowledge in the in at least one of the following areas: general cybersecurity fundamentals, cyber threat analysis, data science principles, digital forensics, incident handling, incident management, incident response, vulnerability management, security engineering, automation and programming, project management, and relevant technologies and programming languages. Must be able to work effectively with staff. Must be familiar with relevant policies, procedures, and be able to work with TOP SECRET / SENSITIVE COMPARTMENTED INFORMATION. Must be able to lead one or more of the following: providing threat assessments, recommending cybersecurity technologies for intrusion detection and prevention, assessing technical vulnerabilities, identifying automation opportunities, investigating, and resolving security breaches, technical writing, and communication.

FR-28 Minimal Qualifications

Requires a bachelor’s degree in computer science, information technology, cybersecurity or a related business technology field and eight years of experience. Must have expert knowledge in the in at least one of the following areas: general cybersecurity fundamentals, cyber threat analysis, data science principles, digital forensics, incident handling, incident management, incident response, vulnerability management, security engineering, automation and programming, project management, and relevant technologies and programming languages. Must be able to work effectively with staff. Must be familiar with relevant policies, procedures, and be able to work with TOP SECRET / SENSITIVE COMPARTMENTED INFORMATION. Must be able to direct one or more of the following: providing threat assessments, recommending cybersecurity technologies for intrusion detection and prevention, assessing technical vulnerabilities, identifying automation opportunities, investigating, and resolving security breaches, technical writing, and communication.

Remarks: The Sr. Vulnerability Analyst (Sr. Cybersecurity Analyst) is an individual contributor position responsible for leading the enterprise vulnerability management program for the Board. The Sr. Vulnerability Analyst (Sr. Cybersecurity Analyst) possesses knowledge of policies and best practices pertinent to vulnerability management and has the ability to operationalize that information in the form of organizational governance and technical process (NIST, DHS/CISA, OWASP, NVD, SEI, etc.). The Sr. Vulnerability Analyst (Sr. Cybersecurity Analyst) consumes cyber threat intelligence that describes new and emerging vulnerabilities and translates that information into active defense and preventive measures. The Sr. Vulnerability Analyst (Sr. Cybersecurity Analyst) analyzes systems for potential weaknesses and/or vulnerabilities and proposes solutions to mitigate those risks. The Sr. Vulnerability Analyst (Sr. Cybersecurity Analyst) establishes and oversees patch management operations for all kinds of assets in the environment and designs mitigations where patching is impractical or impossible. The Sr. Vulnerability Analyst (Sr. Cybersecurity Analyst) establishes and implements a risk management approach for vulnerabilities including thresholds, mitigations, and risk tolerances that drives other vulnerability response actions. The Sr. Vulnerability Analyst (Sr. Cybersecurity Analyst) provides services including static and dynamic application security testing, web application vulnerability scanning, vulnerability analysis, enterprise patch management, and proposing mitigations for specific threats. The Sr. Vulnerability Analyst (Sr. Cybersecurity Analyst) develops technical products and presents highly technical subjects to a variety of audiences ranging from non-technical senior leaders to highly technical subject matter experts. The Sr. Vulnerability Analyst (Sr. Cybersecurity Analyst) collaborates with other vulnerability management professionals in the Federal space and throughout the Federal Reserve System to develop and implement cybersecurity solutions that enable vulnerability management activities. The Sr. Vulnerability Analyst (Sr. Cybersecurity Analyst) provides technical and analytical vulnerability assessments to support information security engineering decisions to ensure Board information and systems are adequately protected.

Highly Desirable:

· At least 5-7 years of full-time experience supporting a vulnerability management program.

· Experience applying industry standards and best practices in an operational environment to adequately manage risk and mitigate vulnerabilities as part of an enterprise service.

· Experience with a variety of vulnerability and patch management technologies including, but not limited to, Qualys, Tenable, Nessus, Invicti, Fortify, CrowdStrike Falcon Spotlight, Microsoft Defender Vulnerability Management, etc.

· Experience applying expert knowledge of adversary tactics, techniques, and procedures to identify, prioritize, and ultimately respond to vulnerabilities identified within the Board’s enterprise network.

· Experience mentoring less experienced team members in vulnerability management and response activities.

· Experience in vulnerability analysis, threat modeling, and designing mitigation and remediation strategies.

· Experience managing vulnerabilities in on-premises systems, mobile devices, and in cloud environments, (e.g. Amazon Web Services, Microsoft Azure, Google Cloud, and Data Centers).

· Experience developing programs and/or automated tools using a programming / scripting languages (e.g. Python, PowerShell, etc.).

· Familiarity with relevant policies, procedures, and be able to work with TOP SECRET / SENSITIVE COMPARTMENTED INFORMATION.

· Demonstrated resourcefulness and advanced critical thinking skills to independently direct, analyze, and implement solutions for all the various complex problems that arise in the administrative and operations area.

· Expert technical writing and communications skills. Contacts are often with division leadership, but also with staff at all levels; a significant degree of coordination and contact with other units/sections/divisions may also be required.

· Ability to construct clear and concise written work and applies an increasingly advanced understanding of grammar, sentence structure, and intended audience(s) to the process of writing and editing such work.

· Ability to explain to cross-team or cross-divisional partners items of high levels of complexity.

· Possess skills in negotiation and persuasion in performing duties and influencing support for change.

This position is hybrid, requiring a combination of telework and in-office presence in Washington, DC

Position requirements:

For the FR27: A bachelor’s degree in human resources, business administration, or another related field and a minimum of 6 years of related experience, or a master’s degree in a related field and 4 years of related experience. Requires excellent interpersonal, oral, and written communication skills as well as high level analytical ability. Also requires a broad working knowledge of all areas of HR normally acquired through at least one year of HR generalist experience. Additionally, an understanding of benefits and compensation strategies, policies, rules, and methodologies are preferred. Familiarity with Reserve Bank operations and Reserve Bank policies, procedures, rules, and methodologies are also desirable.

For the FR28: A bachelor’s degree in human resources, business administration, or another related field and a minimum of 8 years of related experience, or a master’s degree in a related field and 6 years of related experience. Requires excellent interpersonal, oral, and written communication skills as well as high level analytical ability. Also requires a broad working knowledge of all areas of HR normally acquired through at least one year of HR generalist experience. Additionally, an understanding of benefits and compensation strategies, policies, rules, and methodologies are preferred. Familiarity with Reserve Bank operations and Reserve Bank policies, procedures, rules, and methodologies are also desirable.

Remarks:

This position's work is broad in scope covering one or more complex areas. Policy, procedure, or precedent are typically created by this position. Senior HR analysts will perform qualitative and quantitative analysis in support of the Board’s responsibilities and policy objectives. The successful candidate will demonstrate critical thinking skills, excellent written and oral communication skills, the ability to use sound judgement, assimilate new information quickly, analyze complex problems, and take initiative. Senior HR analysts will contribute to oversight of Reserve Banks, including participating on review and examinations, assessing new initiatives, and conducting ongoing monitoring. Senior HR analysts will contribute to policy and regulatory processes by assessing Reserve Bank consistency with current policy and regulation, identifying novel issues and emerging risks, and providing expertise to support changes to policy and regulation. Senior HR analysts have general oversight responsibility for the Reserve Banks’ compensation, workforce strategy, and benefits programs and may help develop or lead the development of strategies for Reserve Bank human resources including compensation, benefits, and workforce strategy. Previous knowledge of one or more of these topics, or experience in HR operations is preferred.

This position will require extensive interaction with Reserve Bank and Board staff and officials. Senior HR analysts produce written materials for a variety of audiences.

This position requires some travel. A writing sample may be required.

This role is located in Washington DC and will require relocation and on-site presence via a hybrid schedule. Employees are expected to spend a minimum of 6 days per month onsite.Relocation assistance is available.

Principal Duties and Responsibilities

1. Budget: Prepares, monitors, and/or maintains all or portions of the division budgets. This may include inputting and maintaining budget-related data, as well as researching and analyzing budget requirements, projecting expenditures, and preparing recommendations in consult with division management based on analyses conducted. In consult with division management and/or financial analysts, may also prepare and confirm accounting and finance-related data such as accruals, capital purchase submissions, fixed asset verification procedures, etc. May also attend division budget-related meetings to both report information and support recommendations and decision-making. May interface and serve as a point of contact on budget matters with the Division of Financial Management.

2. Procurement: Makes and tracks purchases across a variety of areas, enters related information into the procurement system, and reconciles related accounts. This may include managing a purchase card, managing a centrally billed account, tracking petty cash, and/or ordering various supplies for the division. May prepare information for statements of work for purchases and contracts and enter information into the procurement system. May also provide assistance to managers in tracking and resolving procurement issues, working closely with the appropriate contract specialist, purchasing agent, and/or vendors to resolve discrepancies. May also serve as Contracting Officer Representative (COR). May interface and serve as a point of contact on procurement and contract matters with the Division of Financial Management.

3. Recruitment: Supports the recruitment and hiring process for various positions in the division in coordination with HR Talent Acquisition. This may include maintaining division job descriptions, posting jobs, reviewing candidate applications, organizing and coordinating review of candidate credentials, scheduling and/or participating in the interview process. May also develop and maintain recruitment programs and metrics for the division including recruitment strategy, onboarding/orientation, DI initiatives, etc. Tracks and serves as the point of contact to candidates throughout recruitment and/or makes recommendations to division management on hiring decisions.

4. HR Management: Utilizes HR Systems and databases to input, monitor, and maintain personnel data for the division including job actions, promotions, salaries, rewards, and/or recruitment requisition information. This may include administering pieces of the personnel management process (e.g., reward recognition pools, reassignments) as well as developing reports on both a regular basis (e.g., weekly, monthly, quarterly) and at the request of management. Leverages existing Board HR practices/procedures to guide the development of division-specific Human Capital solutions (e.g., policies, practices, programs, training, etc.) and may make recommendations to management on related matters as needed. May also partner with Management Division (e.g., Compensation, Talent Acquisition, or other HR functional areas).

5. Policy: Maintains working knowledge of Board and division administrative policies and procedures and may provide guidance to division manager, officers, and staff regarding their interpretation and use to ensure compliance. This may include working closely with HR staff in all HR policy areas (e.g., Compensation, Talent Acquisition, Travel, Leave, and Payroll) for matters that are more complex and require greater sensitivity. Researches a variety of operational and policy issues as needed.

6. Space Planning: Coordinates office spaces across division including office moves, furniture set-up and movement, telephones, and other space-related efforts for new and existing staff to meet division demands. This may include responsibility for working with facility services to ensure building services are maintained and facility-related problems are remedied. May interface and serve as a point of contact on space planning matters and office relocations with space planning staff and facility services.

7. Travel: May lead components of division travel to include approvals, budget aspects, or actual arrangements, depending on the circumstances. May also lead travel program and ensure compliance, provide policy guidance to employees, manage exceptions, develop reports, manage program changes, and advise on travel metrics.

8. Event Planning: Provides logistical and/or administrative support to the planning, scheduling, material preparation, and/or food and beverage arrangements for various division meetings or events. Coordinates with audio visual staff to ensure meeting collaboration tools run smoothly (e.g., skype, conference calls, video etc.).

9. Emergency Preparedness: May lead division efforts related to Board emergency preparedness activities (e.g., conducting employee accountability procedures within specified timeframes, supporting continuity of operations plans (COOP), etc.).

10. May represent division management on matters pertaining to a variety of division programs. May also represent to division in various work groups or task forces.

11. Performs additional duties as assigned.

Knowledge/Skill Requirements:

Requires a bachelor’s degree or equivalent experience and a minimum of 3 years of related experience. Must have excellent knowledge of most technical aspects of financial, human resources, facilities, budget, personnel, administration, and corporate services. Must have demonstrated knowledge of and competence in the application of qualitative and quantitative analysis. Requires excellent analytical and problem-solving ability. Must have excellent customer service orientation and interpersonal skills, to include good oral and written communication skills, as well as the ability to train others and influence change management efforts. Must be able to work effectively with more senior Business Management Analysts and also be able to explain administrative and operations issues/concepts of moderate complexity to staff members as needed. Should possess the ability to exercise a high degree of judgment, initiative, and confidentiality in all areas of responsibilities.

This position is located in Washington DC. The on-site cadence for this role is 4x week and as business needs.

Requirements FR-27

Successful candidate will have at least four years of work experience as a practicing attorney in private practice or government agency and general knowledge in the regulation of financial institutions or in the regulation of securities, derivatives, insurance or commodities. Prior experience in developing and drafting regulations applicable to banking organizations or other financial institutions also is valuable. Corporate transactional experience is helpful. Successful candidate will demonstrate excellent oral and written communication skills, strong analytic and interpersonal skills (including the ability to interact effectively with management and staff at all levels of the organization), personal initiative, and adaptability in working across legal disciplines. Must also possess excellent attention to detail and strong organizational skills (including ability to handle multiple assignments and organize projects and see through their successful completion with minimal supervision). Bar membership and U.S. citizenship required.

Requirements FR-28

Successful candidate will have at least six years of work experience as a practicing attorney in private practice or government agency and general knowledge in the regulation of financial institutions or in the regulation of securities, derivatives, insurance or commodities. Prior experience in developing and drafting regulations applicable to banking organizations or other financial institutions also is valuable. Corporate transactional experience is helpful. Successful candidate will demonstrate excellent oral and written communication skills, strong analytic and interpersonal skills (including the ability to interact effectively with management and staff at all levels of the organization), personal initiative, and adaptability in working across legal disciplines. Must also possess excellent attention to detail and strong organizational skills (including ability to handle multiple assignments and organize projects and see through their successful completion with minimal supervision). Bar membership and U.S. citizenship required.

In addition, for both FR-27 and FR-28:

· A writing sample may be required at the time of application submission.

· Successful completion of background check required.

About the Job:

Handles assignments in the Banking Regulation and Policy Group of the Board’s Legal Division. The Banking Regulation and Policy Group is responsible for legal and policy issues regarding the regulation and supervision of Federal Reserve-supervised firms and also issues regarding financial stability more generally.

Drafts memoranda to the Board, staff opinion letters, legislative and regulatory proposals, and similar documents. Furnishes legal opinions and advice and responds to System and public inquiries concerning Federal statutes, interpretations, and opinions concerning the supervision and regulation of financial institutions, regulatory responsibilities of the Board, Reserve Bank matters, and related issues. Makes oral presentations at meetings with Board members. Performs more difficult assignments at this level, receives general supervision and direction from more experienced attorneys, and works with senior staff to prepare Board presentations and draft regulatory proposals.

In addition, attorneys review and analyze complex bank merger and consolidation transactions, proposals by bank holding companies to engage in novel nonbanking activities, requests for interpretation of various Federal banking laws, proposed amendments to the Federal banking laws and regulations, and other matters within the scope of the Federal Reserve's authority.

This is a hybrid position located in Washington, D.C. with a weekly Wednesday on-site requirement and as business needs require.

The Program Direction Office in the Division of Research Statistics has an opening for a full-time senior economic editor.

Senior economic editors review and provide editorial guidance on the text, tables, and graphics in materials prepared by the staff of the Board’s economics divisions. Using standard editorial techniques and a general knowledge of economics, senior economic editors ensure that these materials conform to established standards of grammar, language usage, style, and format.

Senior economic editors organize major projects such as the Monetary Policy Report; they also coordinate the editorial review of high-level policy materials, including reports to the Board and the FOMC, and speeches and congressional testimonies of Board members that are authored in the economics divisions. The editor is recognized as an expert in writing, editing, and publishing.

Job Qualifications

Candidates for this position must meet the following qualifications:

Minimum four years of experience in technical or academic writing or editing, including editing tables and figureA bachelor’s degree, preferably in English or the social scienceStrong editing and project management skillsSerious attention to detail and commitment to high-quality workAbility to meet tight deadlines and adapt to shifting prioritiesAbility to work both independently and collaboratively

The ideal candidate may also have the following qualifications:

Experience providing feedback to others, such as tutoring, teaching, or university writing center experienceExperience in editing using tracked changes in Microsoft Word and managing documents in Microsoft SharePointExperience with publication software such as Adobe InDesign Experience using a style guideHave solid project management skills, including organization and time management Experience working with non-native English speakersCollege-level coursework in economics; understanding of the role of the Federal Reserve Awareness of section 508 requirements and accessibility best practices Basic facility with document design and web design

Applicants for thisposition will be required to take an editing test.

Note:This position requires an on-site presence via a hybrid work schedule in our offices in Washington, D.C.

Requirements for FR-25

Requires a law degree and bar membership as well as demonstrated analytical ability and strong oral and written communications skills.

Admission to a recognized bar must be obtained within 14 months after appointment.

About the Job

The Monetary Affairs and Payment Systems group of the Board’s Legal Division is hiring an entry level Attorney. Applicants are currently a 3L (graduating class of 2025). Applicant must be able to start no later than Fall 2025.

Attorneys in the MAPS group perform legal research in support of more experienced attorneys. Projects include legal analyses, rulemakings, and other matters related to:

· Payment systems (including payment cards, wire, check, instant payments, and ACH).

· Financial market utilities.

· Federal Reserve Bank operations.

· New financial technologies.

Successful candidate must demonstrate excellent oral and written communication skills, strong analytic and interpersonal skills, personal initiative, and adaptability in working across legal disciplines. In addition:

· Admission to a recognized bar must be obtained within 14 months after appointment.

· U.S. citizenship required.

· Resume, transcript and writing sample required at the time of application submission.

· Successful completion of background check required.

About the Program

We offer paid, in-residence fellowships for graduate Ph.D. students to conduct research at the Board in Washington, DC. While at the Board, fellows work on a topic of their own choosing, usually furthering dissertation research begun before the fellowship, and give 1-2 seminars on their work. Fellows are also encouraged to participate in our extensive seminar series, collaborate with Board economists, and to learn more about preparing for the job market.

Fellows are at the Board for 12 weeks and placements are in the Divisions of International Finance, Monetary Affairs, Research and Statistics, or Financial Stability. The fellowship is offered during summer 2025, with start dates in May and June.The fellowship is an in-residence program hosted at our Washington, D.C. offices. The Board offers a flexible work environment, requiring a combination of telework and in-office presence.

Please note we find that fourth- and fifth-year students gain the most from this type of fellowship. Occasionally, a third-year student is far enough along on their dissertation to gain the benefit of the program.

To Apply

Applicants must be a current PhD student, graduating fall 2025 or later.

Attach the following toyour profile and submit your application by February 1.

vitawork from the thesisgraduate transcript (unofficial is okay)two (2) letters of reference

1. Attach to your profile if you have a copy [OR]

2. If your recommender would like their letter to remain confidential, they can send it to dissertationfellows@frb.gov

Citizenship is not required; however, candidates must be legally authorized to work in the United States (i.e. CPT/OPT sponsorship) and citizenship may be a consideration.

Find more information about the program on our FAQs page.

The Federal Reserve Board is committed to attracting, developing, and retaining a talented and diverse workforce. As such, we encourage submissions from groups traditionally less represented in economics and finance and from a wide range of Ph.D. programs. We recognize the benefit derived from different perspectives and look to foster this when reviewing candidates.

KNOWLEDGE/SKILL REQUIREMENTS

Bachelor’s degree or higher from an accredited college or university in business administration, finance, economics, accounting, computer science, information technology, data science, business analytics, or equivalent, plus at least one year of experience auditing, investigating, or evaluating programs while employed in an Office of Inspector General or similar function. Knowledge of principles, theories, practices, and techniques of auditing, data processing, and management, including Government Auditing Standards and other applicable standards and guidance as it relates to data analysis. Knowledge of various sources/methods of obtaining data and techniques used to assist in the analysis of the data in support of audits, evaluations, investigations, and other reviews. Knowledge of data processing methods for developing and/or using computer programs to assist in data collections and analysis. Ability to evaluate information from multiple sources and determine the importance and limitations to each piece of information. Ability to manage changing priorities and help with a variety of assignments, based on a dynamic environment. Ability to learn new computer systems and/or applications used to support audits, evaluations, investigators, and other reviews. Ability to present information in an understandable and compelling manner. Knowledge of the Board, the Bureau, and the Federal Reserve System and their various programs and operations. Ability to gain the confidence and cooperation of others by exercising tact, diplomacy, resourcefulness, and judgment. Ability to assist in drafting reports and other work products that are complete, adequate, and supportable. Prefer certification in one or more of the following: Certified Public Accountant, Certified Fraud Examiner, Certified Business Analyst Professional, Certified Analytics Professional, Certified Internal Auditor, Certified Information Systems Auditor, or other related professional certification. Must have or be able to obtain a Secret security clearance and is subject to the Board’s drug testing program.

In addition, at the FR-24 grade, bachelor’s degree or higher from an accredited college or university in business administration, finance, economics, accounting, computer science, information technology, data science, business analytics, or equivalent, plus at least three years of experience auditing, investigating, or evaluating programs while employed in an Office of Inspector General or similar function. Must have or be able to obtain a Secret security clearance and is subject to the Board’s drug testing program.

In addition, at the FR-25 grade, bachelor’s degree or higher from an accredited college or university in business administration, finance, economics, accounting, computer science/information technology, or equivalent, plus at least four years of experience auditing, investigating, or evaluating programs while employed in an Office of Inspector General or similar function.

REMARKS

Past performance evaluations may be requested.Ability to foster a diverse and inclusive team culture.Knowledge of tools and techniques to develop, promote, and mature a culture of data literacy throughout an organization is strongly preferred.Knowledge of emerging technologies, such as artificial intelligence, machine learning, large language models, generative AI, and natural language processing, and their intersection with data analytics is desired.Knowledge of cloud computing, such as cloud operations, architectures, and storage is desiredPrograming knowledge in Python, and R is desired.Familiarity with Oracle, Peoplesoft, and Salesforce management systems, databases, and analytical software applications, such asACL, Tableau, and Altair Monarch.The OIG’s telework policy requires employees to be physically present in the office a minimum of 4 days per month. Employees may be expected to be physically present in the office more than 4 days per month, as required by business needs.

KEYWORDS: #OIG, #CIGIE, #FRB, #data analytics, #data mining, #data literacy, #information technology, #AI, #Generative AI, #NLP, #Python, #ACL, #Tableau, #Power BI, #Monarch, #R programming, #GCP, #Google Cloud Platform, #Azure, #AWS, #Amazon Web Services

Position requirements:

A bachelor’s degree in finance, accounting, business administration, public policy, economics, or another related field and a minimum of 3 years of related experience, or a master’s degree in a related field and 1 year of related experience at the FR-24 grade level. An understanding and familiarity with at least three of the following is desirable but not required: microeconomics, project management, enterprise risk management, operational risk management, application of information technology, statistics, product development/pricing theory, payments law and regulations, or retail payment systems. Master’s degree (MS, MA, MBA, MPA, JD) in finance, economics, public policy, law, or related field preferred.

Remarks:

The FedNow Oversight Coordination Strategy section provides policy leadership, retail payments expertise, and oversight of relevant Reserve Bank operations in support of the Federal Reserve System's objective to promote the safety and efficiency of the payment system. The Financial Institution and Policy Analyst oversees operations of, and policies and products associated with, the Federal Reserve Banks’ FedNow Service and other retail payment services (including ACH and check payments, customer service, and the network for accessing these services). Oversight and policy topics include product and pricing, strategy, resiliency, risk management, governance, information systems management, and how the services should evolve in the short- and long-run to improve the safety and efficiency of the U.S. payments system and to compete effectively, as required by the Monetary Control Act. The Financial Institution and Policy Analyst also studies and monitors developments in retail payments and contributes to the development and implementation of policy, regulations, and research related to existing and emerging retail payments topics. Topics include instant payments, check, ACH, debit and credit cards, cross-border payments, digital innovations (such as distributed ledger technology, central bank digital currencies, and stablecoins), mobile payments, payment security, and payments fraud.

The candidate should possess strong analytical skills, excellent written and oral communication skills, and be capable of effectively communicating with team members, senior management, and stakeholders. The candidate should be able to work independently and in a team environment and should be capable of effectively managing and prioritizing multiple assigned responsibilities.

Some travel required.

Writing sample may be requested.

U.S. citizenship required.

This position is located in Washington DC and will require onsite presence. Employees are expected to spend a minimum of 6 days per month onsite and as business needs require. Relocation assistance is available.

This requisition is not an actual job vacancy, but serves to establish a pipeline of interested individuals for FinancialInstitution Policy Analyst (FIPA) openings in the Division of Reserve Bank Operations and Payment Systems (RBOPS).

Candidates may be contacted at any time through 2024 with more details about specific team vacancies

Financial Institution and Policy Analysts (FIPAs) may play many roles related to their jobs. They are responsible for a
combination of the following roles/areas of responsibility:

Data Analysis

Supports in producing charts, graphs, and other visuals to help analyze dataHelps identify relevant issues and trends and draw conclusions through analysis of quantitative and qualitative dataHelps identify data that can be used to analyze policy

Examination and Supervision

Participate in and/or lead examinations and reviewsSupport and implement supervision and/or oversight policies and programs PolicyHelps to interpret and/or implement policy, regulation, and/or guidanceParticipate in drafting policy recommendations supported by logical reasoning and sound analysis

Policy

Helps to interpret and/or implement policy, regulation, and/or guidanceParticipate in drafting policy recommendations supported by logical reasoning and sound analysis

Risk Management

Helps to identify and analyze emerging risks in financial institutions and marketsApply appropriate risk management frameworks and policies to support oversight of financial institutions Data AnalysisSupports in producing charts, graphs, and other visuals to help analyze dataHelps identify relevant issues and trends and draw conclusions through analysis of quantitative and qualitative dataHelps identify data that can be used to analyze policy Financial AnalysisSupports in performing analysis of financial data and information in support of Division/Section's area of responsibilityClearly present analyses of financial/regulatory dataHelps identify relevant issues and trends and draw conclusions through analysis of financial data

Financial Analysis

Supports in performing analysis of financial data and information in support of Division/Section's area of responsibilityClearly present analyses of financial/regulatory dataHelps identify relevant issues and trends and draw conclusions through analysis of financial data

FIPAs identify options, assess trade-offs, measure outcomes, and develop consensus related to novel and complex projects involving Federal Reserve Banks’ policies, operations, compliance, and information management; systemically important financial market infrastructures (FMIs); payment, clearance, and settlement (PCS) activities; and the broader financial and payment systems. They regularly collaborate with staff from the Federal Reserve System, other domestic and international authorities, and international standard-setting bodies. Projects include those that ultimately lead to decisions by the Board; Board Committees, notably the Committee on Federal Reserve Bank Affairs (BAC) and the Payments System Policy Advisory Committee (PSPAC); and senior Division and Reserve Banks’ management.

Qualifications:

Degree in finance, accounting, business administration, public policy, economics, or another related field and minimum
years of related experience, as outlined by grade below, is required:

FR-23: Bachelor's degree 1 years exp, or a master’s degree.
FR-24: Bachelor's degree 3 years exp, or a master's 1 year exp.

Must be able to perform basic or developmental level work in activities involving these competencies, and must be capableof demonstrating them after receiving specific instructions and guidance:

Data Collection Analysis: The ability to collect and analyze quantitative and qualitative dataFinancial Analysis: The ability to conduct financial analyses to identify patterns, trends, or themes in financial or operational dataRisk Management: The ability to utilize risk management principles to evaluate and mitigate potential risksReviews and Examinations: The ability to participate in or lead reviews and/or examinations of Reserve Banks or other financial institutions.Knowledge of Financial Markets and Institutions: The ability to apply an understanding of how financial markets and institutions are impacted by changes in regulations and policy and vise-versa.Knowledge of Relevant Policy: The ability to interpret, apply, and recommend changes as needed to policies specific to areas of responsibility.Knowledge of Relevant Law and Regulation: The ability to interpret and apply law and regulations related to areas of responsibility; evaluate the impact of changes in law and/or regulations.

Prior experience in one of the following areas is a plus: Financial Market Infrastructure or bank supervision, policy or
analysis; capital markets or trading; financial risk management including stress testing, value-at-risk modeling, derivativepricing, counterparty credit risk management; or operational risk management.

Note:

Writing sample may be requested.Roles are not eligible for full-time remote work and will require on-site presence in Washington, D.C. via a hybrid schedule.

Please apply through theJob Openings for Economists (JOE) website with the materials listed below. Deadline is 11/8/2024 and this announcement will close in parallel. Late applications may be considered as scheduling/capacity allow.

All employees of the Federal Reserve Board must be U.S. citizens or must declare their intent to apply for U.S. citizenship when eligible to do so by signing a declaration prior to employment.

Application Materials

CVCover LetterJob Market PaperThree (3) Letters of ReferenceQuestions regarding citizenship in the JOE applicationDiversity statement: The Federal Reserve Board is committed to fostering an inclusive and diverse workplace. Please include a brief discussion (anything from a paragraph to a page) of your perspective on diversity and inclusion (DI), including how you have sought out diverse viewpoints in your work, collaborated with people with different backgrounds and experiences, worked with individuals or groups focused on DI issues, or conducted research on DI related topics, such as differences in economic outcomes or experiences across groups. Please also include any thoughts on how you could help foster an inclusive environment featuring an open exchange of ideas from a variety of backgrounds and perspectives. If you have already developed a similar statement for another institution, including academic institutions, please feel free to submit that statement rather than prepare a new one.

The Federal Reserve Board is an equal opportunity employer and is committed to supporting and fostering diversity within the broader economics research community.

Selected candidate will become part of DCCA’s Data Analytics (DA) Team, which supports all aspects of the Division’s mission to promote a fair and transparent financial services marketplace and strengthen communities for all consumers. DA Data Scientists use a wide variety of financial, supervisory, community, economic, demographic, and geographic data to create multidimensional analytics and interactive data visualizations. Candidates will be asked to participate in data analysis and writing exercises.

Principal Duties and Responsibilities

Collect and combine data from multiple data sources.Use data science techniques for data exploration and analysis performing statistical inference, and machine learning.Participate on analytical research projects. Uses statistical methodology, data manipulation, survey design, and research evaluation to support various projects.Contribute to data studies and data discovery initiatives using existing and new data sources.Create interpretable visualizations using a variety of formats.Communicate findings through internal reports and executive summaries.

Knowledge/Skill Requirements

The ideal candidate is someone with strong problem-solving, analytic and interpersonal skills, as well as a desire for continual learning.

Proficient with analytical and statistical software packages such as R, Stata, or SAS.Experience with programming languages such as Python, Java, or C .Experience extracting information from various types of databases using SQL and/or ODBC connections.Experience using natural language processing (NLP) tools to analyze unstructured text data to extract information, conduct sentiment analysis and/or perform document classification.Experience with visualizing/presenting data for stakeholders, using tools such as Tableau, RMarkdown, RShiny, ggplot2, and MatPlotLib.Knowledge of advanced statistical techniques and concepts (regression, properties of distributions, statistical tests, and proper usage).Experience in analyzing consumer financial data such as credit reporting, mortgage, and other consumer loan data.Ability to use critical thinking and reasoning to make analytical determinations and solve complex problems.Work must display an ability to provide in-depth analysis of complex issues with substantial creativity.Strong communications skills for both technical and non-technical audiences.

Grade 25 Analysts:

Must demonstrate knowledge and competence in the application of theoretical and quantitative techniques in Data Science, Statistics, Mathematics, Computer Science, or other quantitative discipline typically achieved by completion of a bachelor's degree plus two years of experience in applied statistical data analysis, survey management or equivalent combination of training and experience. Works with a moderate level of direct oversight.Work output typically contributes to published reports, policy memoranda, or broader division initiatives planned by senior management.Strong interpersonal skills needed to interact with outside contacts and other organizations.

Grade 26 Analysts:

Must demonstrate knowledge and competence in the application of advanced theoretical and quantitative techniques in Data Science, Statistics, Mathematics, Computer Science, or other quantitative discipline typically achieved by completion of a master’s degree plus three years of experience in the field of banking, finance, supervision, or statistics (or equivalent work experience).Works with a high degree of independence in planning, organizing, and completion of work products.Work output contributes to the planning and organizing of the section’s work, independently anticipating issues requiring further analysis, and transmits technical analysis and policy judgments to senior leadership.Strong interpersonal skills needed to interact with outside contacts, professional organizations, and may represent the Board at System meetings/conferences.Reviews the work of others for technical soundness and accuracy.

The Division of Consumer and Community Affairs (DCCA) has resumed an in-office presence. Our flexible hybrid work environment requires employees to be physically present in the office a minimum of 4 days per month. This includes a monthly connection day (on a Wednesday). On occasion, DCCA employees may be expected to be physically present in the office more than 4 days per month, as required by business needs, but can work remotely the remaining days.

U.S. CITIZENSHIP REQUIRED

About the Team:

The Division of Monetary Affairs supports the Board and the Federal Open Market Committee (FOMC) in their deliberation and decisions about interest rate and balance sheet policies and lender-of-last-resort responsibilities. Division staff conduct research and analysis on monetary policy issues pertaining to strategy, communications, implementation, transmission, and liquidity provision. The Monetary Statistics and Analysis (MSA) section manages a portion of the division's monetary statistics and data-related technology and governance activities.

Essential Duties:

Participate in the collection, processing, and validation of bank credit aggregates for the purpose of analysis and publication, including the H.8 statistical release, "Assets and Liabilities of Commercial Banks in the United States."Understand basics of bank balance sheets and develop knowledge of loan and securities classifications as outlined in the Call ReportsShare responsibility for understanding underlying data sources for the aggregates, managing section data resources, improving the section's tools for analyzing bank microdata, and contributing to FOMC briefing materials on developments in bank balance sheets, and weekly updates based on incoming data.Perform statistical analyses including seasonal adjustment and stratified sampling, and data edit tolerances.Work with other team members to produce time-sensitive materials to be included in the official statistical release.Use statistical programming to build, manage, analyze, and creatively present data to senior division staff, policymakers, and the public at large.Use PostgreSQL, R, dashboards in R using Posit (Shiny), and other tools to build automated reports, dashboards, and interactive products that support exploratory data analysis and review.Candidates can expect to work with the following technology stack: R, dashboards in R using Posit (Shiny), PostgreSQL, Python, Git, LaTeX, Linux, and some legacy tools.Play a lead role in modernizing on-premises data pipelines and software away from legacy tools and preparing them for migration to cloud platforms.Conduct software testing, support, and maintenance.Document solutions by developing documentation, flowcharts, layouts, diagrams, and charts.Effectively communicate, both in writing and verbally, with personnel and stakeholders across all organizational levels.Participate in project management activities such as planning, scheduling, developing and implementing user stories, breaking down work into tangible activites, and identify and manage risks.

Required Qualifications:

A bachelor's degree in computer science, data science, information technology, public policy, economics, or related field, and three (3) years of experienceDemonstrated ability to build and manage data pipeline and dashboard solutions using R, and SQLFoundational knowledge in database design/development, data analysis, data security, technology compliance, and data flow managementDemonstrated ability to support more senior staff with technical support, database administration, technical problem solving, technical documentation, data visualization, code creation/maintenance, data integration, and production development/maintenanceMeticulous attention to detail in all tasks and deliverables

Desired Qualifications:

Understanding of statistics, finance, or accounting combined with willingness to learn about banking and engage with users of banking statistics such as economists preparing reports for the FOMC.Experience with creating dashboards in R or PythonExperience with Agile project management techniquesFamiliarity with cloud-native services including data orchestration, architectures, or tooling for implementing efficient data pipelines in a cloud environmentExposure to modern data governance practices, like data stewardship, data cataloging and metadata management, data access controls (e.g., role-based access controls and attribute-based access controls, data masking, tokenization), compliance automation, data lineage tracking, and data quality managementTroubleshooting both programming issues and data anomaliesProficiency in modern statistical software packages (e.g., R, SAS, STATA, MATLAB) for advanced data analysis, modeling, and visualizationExperience integrating statistical software with big data platforms (e.g., Spark, Hadoop) to enable scalable data processing and predictive analytics

The Congressional Liaison Research Assistant is under the overall supervision of the Assistant to the Board for Congressional Liaison and works closely with all personnel within the Congressional Liaison Office (CLO). The incumbent performs and coordinates work to plan, track, and implement programs and initiatives in support of the public policy agenda of the Federal Reserve Board. This position handles a variety of responsibilities, including administrative and research-oriented tasks, in order to support effective communication between the Board and Congress.

Responsibilities may include, but are not li