Co-Op (Education)
Company
Federal Reserve Bank of BostonCo-OpThe FRBB seeks a graduate co-op to join the Supervisory Research and Analysis unit (SRA). SRA is an interdisciplinary group of economists, financial markets analysts and specialists, accountants, and research assistants that conduct research and analysis aimed at supporting the FRBB's supervision and regulation efforts. SRA staff produce research papers that generally focus on the banking industry and broader credit markets, the impact of micro- and macro-prudential policy on financial markets, and developments that could raise financial stability issues.
Principal Responsibilities
As a graduate co-op, you will have an opportunity to expand your knowledge of banking and financial markets while enhancing your skills in data analysis, market monitoring, and oral/written communications. Within the banking team, you will collaborate with subject matter experts on outputs including internal memos, briefing materials for senior principals, and longer-term research products. Areas of focus may include commercial real estate, consumer credit risk and bank health, amongst others. We will also invite you to attend meetings at the staff, unit and department level focused on market monitoring, project brainstorming and specific risk topics.
In addition, you will:
- Contribute to the teams' monitoring of supervisory and public information related to large global banking institutions including review of bank earnings and financial statements, market analyst notes and official sector reports and publications.
- Set up and maintain key data and analytical tools in Excel (or more advanced databases) with financial sector indicators, bank financial statement and regulatory data and other economic/market data as needed.
- Produce charts and tables for briefing materials, memos and research work using Excel and PowerPoint.
- Develop a basic knowledge of bank capital and liquidity regulatory metrics for U.S. banks.
Knowledge and Experience
- Strong analytical and problem-solving skills.
- Strong communication and interpersonal skills, including the ability to work effectively in a team environment.
- Strong interpersonal and collaboration skills, including an ability to foster strong and influential working relationships with a range of colleagues across geographic locations.
- Ability to work independently and take ownership of projects.
- Working knowledge of banking-related risks and operating environment, including lending, capital markets, investment management, etc.
- Completed at least one year of a graduate program in a business-related field (i.e., finance, accounting, economics, legal, business technology-related, etc.)
As a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning financial interests – such as stocks or bonds – from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team. Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions. This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe.
For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.
The second phase, which might not be complete until after you begin working at the Reserve Bank, is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.
All applicants must have been a US Citizen or a permanent resident who also resided in the United States for at least three (3) years.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
Full Time / Part Time
Full timeRegular / Temporary
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