This intern position is in the regional and community bank function of the supervision, regulation, and credit department. Our primary role is to supervise our portfolio of state members to ensure that they operate in a safe and sound and manner in compliance with laws and regulations.
This position is responsible for assisting with the supervision of financial institutions by identifying risks through on- and off-site examination activities to ensure that the institutions are operating in a safe and sound manner and in compliance with applicable laws and regulations.
This is a 6 months co-op, from July to December.
The successful candidate will work on several projects related to risk in community banking with particular emphasis on credit work.
The primary project will be working with the exam team on a project to perform debt service and collateral analysis on individual loans. This will include collecting and entering information on individual loans and analyzing cash flow and collateral coverage including consideration for debt service analysis related to vacancy and rental assumptions. The project will center on aggregating debt service coverage related data, analyzing individual property cash flows based on underlying rental pricing and vacancy rates scenarios, and following through to collateral coverage.
Other projects will include:
Analyzing and presenting financial data related to community banks
Researching and summarizing information on loan and deposit products
Other ad hoc projects as they arise
The successful candidate is expected to have:
Undergraduate or graduate student in finance or economics
Knowledge of financial statement and cash flow analysis
Basic proficiency in accounting (completion of 1st year accounting course)
Fluent in Excel, PowerPoint, Word, Tableau
Attention to detail particularly in large data sets/excel files
Ability to multi-task on several ongoing projects
Desire to learn about community banking
Ability to travel in New England
This position requires access to confidential supervisory information, access to which is limited to "Protected Individuals" as defined by regulation of the Board of Governors of the Federal Reserve System. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and lawful permanent resident aliens (also known as "green card holders") who are eligible for and seeking United States citizenship within the requisite timeframes.
The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.