Experience Inc. Jobs

Exploring Careers in Economics (Spring 2024 Pipeline) - R020007

Primary Location : DC-Washington

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Employee Status : Regular

Overtime Status : Exempt

Job Type : Standard

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Relocation Provided: : No

Compensation Grade Low: : 20

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Posting Date : Mar 8, 2024

The Federal Reserve Board, the central bank of the United States, provides the nation with a safe, flexible and stable monetary and financial system. The Board has a large summer internship program made up of students from across the country. Past interns have had backgrounds in economics and econometrics, finance, computer science, information technology, math, cyber security, graphic design, political science, public policy, communications, English, history, library science and business.
Interns may work on a number of regular assignments, may assist or lead specific projects or be hired for one summer long project. Students with technical backgrounds may be assigned to our divisions to work on software development, data management, and provide IT support to end users. Summer interns are recruited in the fall for the following summer. 
For more information about our 15 divisions, please see below:
Board Members (BDM) support the Chairman and Governors; promotes effective public engagement and demonstrate the Federal Reserve's accountability to the public interest. The Division includes the Congressional Liaison Office, Protective Services Unit, Public Affairs Office, Public Information Outreach, Publishing and Communications, Administration, and Technology Systems and Services.
Chief Operating Officer (COO) works with all division directors to establish, implement and measure performance against the Board's strategic direction, provide analysis to the administrative governor on the Board operations and oversee the Board's administrative functions. The office of the Chief Data Office, and the Office of Diversity and Inclusion are housed under the COO.
Division of Consumer & Community Affairs (DCCA) ensures consumer financial product markets are fair and transparent, while serving as a catalyst in helping financial entities and community-oriented organizations meet consumer and community development needs. DCCA also has responsibility for the Board's consumer protection and assesses and takes corrective actions to address consumer risks among financial institutions.
Division of Financial Management (DFM) promotes sound financial and strategic decision making in support of the Board's mission. DFM sections include Accounting, Accounts Payable, Financial Planning & Analysis, Payroll/Leave, Procurement, Travel, Strategic Performance, Information Assurance and Compliance.
Economics Research Divisions: The economics divisions include the Division of Financial Stability (FS), the Division of International Finance (IF), the Division of Monetary Affairs (MA), and the Division of Research and Statistics (R&S). Together, the four divisions employ over 400 Ph.D. economists who represent an exceptionally diverse range of interests and specific areas of expertise.
Information Technology (IT) offers information and technology services that enable the Board staff to be productive, focused, and on their core businesses and easily connect, collaborate and communicate with the confidence that their computing environment and information are secure and of high quality. IT provides services that meet the automation and data analysis needs of its customers.
Legal provides legal analysis and counsel in support of Board statutory and regulatory responsibilities. The focus of the effort is upon the preparation, legal interpretation and distribution of information concerning statutes, rules, regulations, Board decisions, interpretations and proposed legislation.
Management (MGT) provides support services to the rest of the Board through its Law enforcement, Human Resources, Facility Services, Internal Communications and technology services groups.
Office of the Inspector General (OIG) provides independent oversight of the Board, and Consumer Financial Protection Bureau (CFPB) by conducting audits, investigations and other reviews to improve economy, efficiency and effectiveness and detect and prevent fraud, waste and abuse.
Office of the Secretary (OSEC) supports the Board committees and houses the Records Management team for the Board of Governors. Records Management creates policies and provides services for the proper creation, management and availability of Board documentation.
Reserve Bank Operations & Payment Systems (RBOPS) provides support in: overseeing Reserve Bank operations; issuing currency and overseeing the production of new currency; fostering the safety and efficiency of U.S. payment, clearing and settlement systems through supervision and regulation; and engaging in payments-related research.
Supervision & Regulation (S&R) promotes a safe, sound and stable banking and financial system that supports the growth and stability of the U.S. economy. S&R develops and implements rules, policies and guidance for supervised financial institutions; executes the Board's supervisory responsibilities; and contributes to financial stability by identifying and advising on issues and vulnerabilities at financial institutions.