SCS - Statistics and Analysis Intern

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-seven 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.

To be considered for this role, candidates must be a U.S. citizen, permanent resident, or green card holder. Take your skills to the next level and gain valuable experience contributing to work within Statistics & Analysis. Statistics & Analysis is a national business line that provides a range of data management services to support the use and interpretation of information by decision makers, including the Federal Reserve, Federal Financial Institutions Examination Council (FFIEC), and the US Treasury.

Statistics & Analysis (S&A) Intern

Responsibilities Develop understanding of the Statistics Function’s mission to collect financial, banking, structure and contextual information; and, the business line’s strategic areas of focus, including automation and data management initiatives. Conduct quality assurance on regulatory filings, ensuring data is fit for purpose for stakeholders including Supervision, Monetary Policy and Research. Conduct outreach and provide guidance to financial institutions regarding Federal Reserve regulations and reporting instructions to enhance respondent’s understanding of regulatory reporting requirements.

Help teams identify business process improvements, efficiencies and design and/or implement analytical solutions leveraging emerging technologies (Artificial Intelligence/Machine Learning (AI/ML)). Engage in leadership and career development activities for your future.

Requirements for S&A Internships Currently pursuing an undergraduate or graduate degree in Finance, Economics, Business Analytics, Data Science 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. Proficiency with SQL or AI/ML is a plus). 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. Internship Details Our interns will work onsite at our Cleveland, Ohio location. We’re looking for collaborative and innovative full-time students entering their sophomore year or beyond.

Our student interns work 40 hours per week for the duration of a 10- to 12-week internship that starts as early as June and ends as late as September, depending on student schedules and business needs. The expected starting salary range for this position is between $20.50 and $26.00 hourly. Final salary and offer will be determined by the applicant’s background, experience, skills, internal…