Financial Management Intern - Summer 2025 - Federal Reserve Bank (FRB)

Company

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is part of the nation’s central bank. We’ve provided many opportunities for professional growth during our history.

For twenty-five years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.

Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.

Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed

To be considered for this role, candidates must be a U.S. citizen, permanent resident or green card holder.

Join our team onsite as a paid intern – summer 2025!

Take your skills to the next level and gain valuable experience contributing to work within Financial Management.  Financial Management strives to deliver exceptional financial and strategic insights to the Bank through strong partnerships, processes, and controls that enable the Bank to achieve its business objectives.

Asan intern, you may work with one or more of Financial Management’s functions to:

• Assist with execution of the current department strategic plan and be a part of developing future strategic initiatives for implementation in 2026 and beyond

• Learn about the unique aspects of the Federal Reserve Bank’s financial statements

• Assist with the preparation of journal entries, management of the general ledger, and account reconciliations

• Assist with annual asset confirmation survey and salvage value review

• Learn the fundamentals of budget maintenance and customer service

• Assist with preparing and distributing customer reports along with developing new job aids and training materials to support ongoing customer engagement strategies

• Learn about Agile methodologies and how they can be useful in product and tool development to meet stakeholders needs efficiently

• Assist in the development of new data analytics tools and visualizations which will be used for executive-level reporting

• Assist with the identification, monitoring, and resolution of key process risk and controls

• Work with the sourcing team on procure-to-pay activities

• Research sourcing and contract data information within the Bank’s Enterprise Resource Planning Applications

• Learn sourcing and procurement concepts and its impact on all financial management functions

Requirements for Financial Management Internships:

• Currently pursuing an undergraduate or graduate degree in Finance, Accounting, Business, Data Analytics, or a related field with a minimum GPA of 3.0. Should have at least one semester left to complete in school.

• Strong computer/technical skills required. Proficiency with Microsoft Office products, specifically Excel and Access (or familiarity with other data access tools).

• Ability to work in a deadline driven environment and ability to multitask.

• Ability to work both in a group setting and on an individual basis.

• Strong oral and written communication skills.

What We Offer:

• Hands-On Experience: Gain practical experience and insights into the operations field through real-world projects and challenges.

• Mentorship: Receive guidance and mentorship from experienced professionals who are committed to your development.

• Networking Opportunities: Build connections within the industry and with fellow interns and employees.

• Professional Development: Participate in workshops, training sessions, and seminars designed to enhance your skills and knowledge.

Physical Demands and General Working Conditions

Traditional office environment: Employees typically sit most of the day, work with a computer and may answer/respond to phone calls. Physical movement consists of walking for meetings, breaks, etc. Ability to lift items weighing approximately 20 pounds on a limited basis is required. Employees will be required to travel by car/air.

Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

No

Job Category

Internship

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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