About the role#
The Financial Management Intern position offers an opportunity to gain practical experience within the Federal Reserve Bank of Cleveland. Interns contribute to real-world projects across various financial functions while receiving mentorship from experienced professionals. This is a full-time, on-site internship for the Summer 2027 term.
What you'll do#
- Assist with the execution of current department strategic plans and help develop future initiatives.
- Prepare journal entries, manage the general ledger, and perform account reconciliations.
- Support the annual asset confirmation survey and salvage value review.
- Learn the fundamentals of budget preparation, maintenance, and customer service.
- Prepare and distribute customer reports and develop training materials for engagement strategies.
- Develop new data analytics tools and visualizations for executive-level reporting.
- Assist with the identification, monitoring, and resolution of process risks and controls.
- Collaborate with the sourcing team on procure-to-pay activities and research contract data within Enterprise Resource Planning applications.
- Learn about Agile methodologies and their application in product and tool development.
What you'll need#
- Currently pursuing an undergraduate or graduate degree in Finance, Accounting, Business, Data Analytics, or a related field.
- Minimum GPA of 3.0.
- At least one semester remaining in your academic program.
- Proficiency with Microsoft Office, specifically Excel and Access, or familiarity with other data access tools.
- Ability to work in a deadline-driven environment while managing multiple tasks.
- Strong oral and written communication skills.
- Ability to work effectively both independently and in a group setting.
- Must be a U.S. citizen, permanent resident, or green card holder.
Location & details#
- Location: Cleveland, Ohio.
- Modality: On-site.
- Term: Summer 2027 (10 to 12 weeks).
- Schedule: Full-time, 40 hours per week.
- Compensation: $20.50 to $26.00 per hour, based on background and experience.
About Federal Reserve System
The Federal Reserve System acts as the central bank of the United States. It manages national monetary policy, supervises banking institutions, and provides financial services to the government. The organization maintains a presence across the country with multiple regional banks. It employs over 10,000 people to support its economic mission.
How to get in at Federal Reserve System
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