Intern - Financial Support Office-266789

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Federal Reserve Bank of Boston

Primary Location

 MA-Boston

Full-time / Part-time

 Full-time

Employee Status

 Temporary

Overtime Status

 Non-exempt

Job Type

 Internship

Travel

 No

Shift

 Day Job

Job Sensitivity Tier II CC@Hire/No CC@Rescreen

 

About the Organization:
The Federal Reserve System (“The Fed”), or the central bank of the United States, works to promote the effective operation of the U.S. economy through setting monetary policy, fostering financial stability, and serving communities. The Financial Support Office (FSO) is headquartered in the Federal Reserve Bank of Boston, whose vision is public service that makes a difference to the region, the nation, and the world. 
The FSO provides financial management leadership for The Fed. In collaboration with all twelve Federal Reserve Banks and the business and support areas they host, the FSO works to position the highest levels of The Fed’s leadership to work in concert to achieve multi-year strategic spending alignment and spending stewardship (money is spent in the right place, in the right amount, and for the right value). The FSO is also responsible for introducing and reinforcing financial and technology disciplines and frameworks (such as rolling, strategy-driven forecasts), providing key inputs for payment system pricing decisions, and maintaining the technology roadmap for The Fed’s portfolio of financial applications and centralized operations. 
 
Job Summary:
The FSO intern is part of a small spend management analytics team dedicated to fleshing out the “story” of what happened, what is projected to happen, and what might happen, using defensible insights from varied data sources. Asking critical questions, the team forms hypotheses and substantiates insights with credible information (both qualitative and quantitative). 
 
Responsibilities:
This position is required to ensure complete, high-quality delivery of various work products as directed and assigned. This position may be largely comprised of independent research on industry-leading practices that will culminate with a written report and internally delivered presentation. This position may also be assigned output that requires knowledge of Microsoft Office products, particularly Excel and PowerPoint.  

The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
 
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.
 
The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all duties and responsibilities 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.

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Technology we use

  • Engineering
    • JavaLanguages
    • JavascriptLanguages
    • PythonLanguages
    • ReactLibraries
    • TerraformLibraries
    • RsocketLibraries
    • RDSLibraries
    • SpringFrameworks
    • NoSQLDatabases
    • aerospikeDatabases

Location

Centrally located next to Boston's South Station between the Financial District and the Boston Seaport neighborhood.

What are Federal Reserve Bank of Boston Perks + Benefits

Federal Reserve Bank of Boston Benefits Overview

The Boston Fed has very comprehensive compensation and benefits offerings, allowing us to focus on work-life balance while supporting the Bank’s primary focus - Public Service That Makes a Difference®.

In addition to great healthcare, dental, prescription, and vision coverage, the Boston Fed offers a comprehensive Employee Assistance Program (EAP), health and dependent care flexible spending accounts. These benefits are available to employees, their qualified families, and domestic partners. The Boston Fed also has an onsite, state-of-the-art fitness facility, offers season flu shots, and wellness screenings.

Culture
Volunteer in local community
The Boston Fed participates in local volunteer activities and provides each employee with two paid volunteer days.
Partners with nonprofits
Through the work of our Employee Resource Groups (ERG's) and other departments within the Boston Fed, we partner with local Non Profits as a way to give back to the communities where we live and work.
Open door policy
OKR operational model
Team based strategic planning
Pair programming
Open office floor plan
Flexible work schedule
We believe a hybrid remote/in-office arrangement is part of the future of work at the Boston Fed, which will ultimately offer more flexibility.
Remote work program
Remote work options include: • Office-based • Hybrid/scheduled • Hybrid/ad hoc • Primarily remote
Diversity
Dedicated diversity and inclusion staff
Highly diverse management team
Mandated unconscious bias training
Diversity manifesto
Diversity employee resource groups
The Boston Fed offers employees the chance to participate in employee resource groups (ERGs) and affinity groups with a specific interest. ERGs and affinity groups are a valuable component of the Bank
Hiring practices that promote diversity
We believe in the strength that comes from diverse perspectives, ideas, and approaches to solving important business problems. Our organization embraces diverse employees, constituents, and community
Health Insurance + Wellness
Flexible Spending Account (FSA)
Disability insurance
Dental insurance
Vision insurance
Health insurance
Life insurance
Wellness programs
Team workouts
Mental health benefits
.
Financial & Retirement
401(K)
401(K) matching
Performance bonus
Child Care & Parental Leave
Childcare benefits
Federal Reserve Bank of Boston provides backup child care assistance, including tutoring, in-home childcare and virtual child care assistance.
Generous parental leave
Family medical leave
Adoption Assistance
The Bank provides up to $5,000 in reimbursement associated with the cost of adopting a child.
Restricted work hours
Return-to-work program post parental leave
Company sponsored family events
The Fed Society plans family oriented events a few times throughout the year.
Vacation + Time Off
Generous PTO
Paid volunteer time
The Federal Reserve Bank of Boston encourages employees to give back with paid volunteer time up to 16 hours a year.
Paid holidays
Paid sick days
Office Perks
Commuter benefits
The Federal Reserve Bank of Boston offers pre-tax commuter benefits for all employees through Wage Works, including a $90 subsidy toward your transit monthly passes.
Company-sponsored outings
Recreational clubs
Fitness stipend
The Bank offers a free on-site fitness center, including classes and open 24 hours a day.
Onsite gym
Professional Development
Job training & conferences
The Boston Fed offers employees professional development opportunities like onsite training courses and the ability to attend job related conferences and seminars.
Tuition reimbursement
Lunch and learns
Promote from within
Mentorship program
Continuing education stipend
Online course subscriptions available
Customized development tracks
Paid industry certifications

Additional Perks + Benefits

At a time when many organizations no longer offer a traditional pension plan, the Federal Reserve’s Retirement Plan is recognized for the value it provides in helping secure employees’ financial future during their retirement years. Fed employees are automatically enrolled in our pension plan.

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