Summer Intern, Financial Accounting Policy and Reporting

Location: Federal Reserve Board

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Minimum Education

Enrolled in an undergraduate or graduate degree program at an accredited university and returning to continue studies after the internship.

Minimum Experience

0

Summary

The Federal Reserve Board (Board) provides students opportunities for career success. The Board’s Internship program is designed to provide valuable work experience for undergraduate and graduate students considering careers including, but not limited to, economics, finance and accounting, information systems, and data analysis. The Board believes that by combining academic endeavors with project-related work experience, qualified and capable college students can gain the practical knowledge need in a competitive global job market.

Internships are paid positions with salaries commensurate with credit hours; internships may be in-person, remote or hybrid, depending on the needs of the team. Employment in the Board’s internship program is granted to U.S. citizens. Applicants must be currently enrolled in an undergraduate or graduate degree program at an accredited university and returning to continue studies after the internship. Interns receive a syllabus or research project plan outlining their projects and goals for the internship.

Interns are assigned a supervisor or mentor to guide them through their internship, and regular check-in meetings with their manager to manage performance expectations and assist with learning goals. Interns have access to a wide range of training programs and events for professional development purposes.

The Financial Accounting Policy and Reporting (FAP&R) team, a section within the Board of Governors’ division of Reserve Bank Operations and Payment Systems (RBOPS), supports the Board and the Federal Reserve System in meeting its responsibilities to provide Reserve Bank financial information to the public and to ensure the proper collateralization of Federal Reserve notes. In particular, the FAP&R team is responsible for the production of periodic and ad hoc Reserve Bank financial reports to the public, including quarterly unaudited and the annual audited combined Reserve Bank financial statements and are subject matter experts on the underlying accounting policy that supports the financial statements.

This is a summer internship concluding in August 2027. An on-site presence is expected in accordance with the Board and the RBOPS division’s policies. The intern will join the FAP&R team to support the group’s key projects, including:

• Testing financial information system enhancements
• Reviewing Reserve Bank oversight documentation
• Performing routine financial reporting
• Assisting with accounting policy documentation updates

Competencies and Learning Objectives: career and self-development, communication, critical thinking, integrity & professionalism, leadership, teamwork, technology.

Qualifications

• Suggested Academic Degree Program (Undergraduate or Graduate): Accounting or Finance, Business Analytics
• Required Skills and Knowledge: Strong communication skills (written and oral), MS Office Suite including Teams and Excel
• Preferred Skills: Prior professional experience.

Required Application Materials

• Required Documents: Attach a resume, cover letter, and unofficial transcript.
• US Citizenship is required for all Board internships and applicants must be current students, graduating from their program fall 2027 or later.
• Expected Start Date: May 2027
• Expected Schedule: 40 hours/week during the summer
• Location: This role is in Washington, DC. and the intern must reside in the area and work on-site during their internship.
• Learn more about our internship program: https://www.federalreserve.gov/careers-internships.htm

Job Type

Intern (Fixed Term)

Job Exempt

Relocation Provided

No

Compensation Grade(s)

FH Pay Grade 20

Pay

$26.68 - 28.37

Rehabilitation Act

The Board complies with the Rehabilitation Act of 1973, as amended, and provides job applicants with disabilities reasonable accommodations to assist them in applying for jobs at the Board. If you have a disability and would like to request an accommodation in order to apply for a job at the Board, please call 202-452-3880 or e-mail [email protected].

Equal Opportunity Employer

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or application, membership, or service in the uniformed services.

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You may review the Federal Reserve Board's Privacy Act Notice at https://www.federalreserve.gov/careers/files/fr1273.pdf.

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