This intern will support the consumer compliance supervisory program at the Federal Reserve Bank of Boston, and will be a key member of the consumer compliance examination team. We are looking for a self-starter who is detailed oriented, possesses excellent written and verbal communication skills, strong data analysis skills, and is not afraid to assess situations, think creatively, and communicate ideas and suggestions. This individual can play an important role in enhancing and increasing efficiency in a growing and changing supervisory program. There will also be opportunities for a wide range of projects, including supervisory product enhancement, analysis of consumer compliance risk management programs, assisting in outreach activities, and development and maintenance of supervisory MIS.
The intern will operate within a team environment dedicated to executing a supervisory program for the community banking organizations (CBO), and support of the large banking organization (LBO) program. The Federal Reserve Bank of Boston oversees the 1st District of the Federal Reserve
System, including most of New England. Key responsibilities will include:
Working directly with Examiners-in-Charge (EICs) of First District examinations, act as quality support for various examination work products.
Work with senior staff to assist in creating and implementing examination tools and templates.
Using the Federal Reserves analysis software, work with Community Reinvestment Act (CRA) and fair lending exam teams to prepare pre-examination reports: including demographic analysis, review of competition, and lending opportunities.
Assist in the development of MIS reports used in the supervision and monitoring of banking organizations.
Assist the EICs in collection of data necessary to conduct pre-examination planning and identifying key risk areas for review at on-site examinations.
Develop knowledge of current regulations, laws, trends, and developments.
Assist in the review and investigation of consumer complaints against regulated financial institutions..
Participate in meetings/interviews with financial institution management/personnel to assess performance in a specific function or area.
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.