Boston-Area Summer Internship with the Federal Reserve

 

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As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.

The Operations Intern will support the Department of Applied Fintech Research and Project Hamilton.  This department was created with the goal of informing policymakers by building a hypothetical platform that’s fast, resilient, secure, and private enough to support a U.S.-backed central bank digital currency. Concurrent with our work with MIT, the Boston Fed is looking at available public and private technology options, as well. The candidate will provide operational support to the Applied Fintech Research Division of the Boston Fed.  

Principal Accountabilities:

Interface with internal stakeholders throughout the Federal Reserve System to facilitate the success of Project Hamilton engineering and research efforts including:

1. Collaborate across internal stakeholders, including Legal, Audit, Finance, and Procurement, to identify and address risks and challenges.

2. Keep current on key updates related to the Federal Reserve system and digital currencies.

3. Design process improvements to help the team work efficiently and effectively.

4. Build reports to communicate to senior management.

Other Accountabilities:

Perform other duties as assigned.

Knowledge and Experience:

Open to both undergraduate and graduate students, preferably in a relevant field such as business, economics, finance, law, or communications. The team is looking for: 

• Excellent project management capabilities.
• Sophisticated user of Microsoft Office tools (e.g., Word, Excel, PowerPoint).
• Excellent written and oral communication skills.
• Good interpersonal and presentation skills.
• High level of self-motivation and initiative; strong team player.

Desirable qualifications:

• Working knowledge of digital payments, cryptocurrencies, or central bank digital currencies.
• Strong grasp of the fundamentals of money, banking, payments, finance and related concepts.
• Ability to balance longer-term objectives and shorter-term deliverables efficiently, successfully, and on time.
• Understanding of technology development, coding, and big data.