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Intern - Risk Specialists-230464

Federal Reserve Bank of Chicago

Primary Location

IL-Chicago

Full-time / Part-time

Full-time

Employee Status

Temporary

Overtime Status

Non-exempt

Job Type

Internship

Travel

Shift

Day Job

Job Sensitivity

Tier II - No Credit Check

Internship – Risk Specialists

The Federal Reserve Bank of Chicago is one of 12 regional reserve banks that, along with the Board of Governors in Washington, D.C., make up the nation's central bank. We're an equal opportunity employer committed to furthering the public interest by fostering a sound economy and a stable financial system. If you are looking for a challenging and interesting career with a solid foundation in the financial services industry, in the heart of Chicago’s financial district, the Federal Reserve Bank of Chicago is the place for you.

The Supervision & Regulation (S&R) Department is responsible for supervising and regulating state-chartered banks that are members of the Federal Reserve System, bank holding companies, and financial holding companies. Organizations within the boundaries of the Seventh District are located within portions of Illinois, Indiana, Michigan, Wisconsin, and all of Iowa.

The S&R Risk Specialists division provides horizontal perspective that complements the examination process and concentrates on specific risk areas. The Division oversees the following subjects: market risk, liquidity risk, Basel II, economic capital and risk management modeling, operational risk, fraud, information technology, private equity / merchant banking, Bank Secrecy, accounting, insurance, trust, commercial real estate, retail lending, and asset securitization.

This internship is ideal for someone with strong analytical skills and provides bright students with the opportunity to gain valuable work experience at the Federal Reserve Bank of Chicago.

Duties may include:

Reporting and database management
Researching and analyzing data to produce various reports and/or communicate findings to management
Collecting and organizing financial, technical or examination data for report preparation and analysis
Assisting and working with bank examiners and analysts on various department projects
Other duties as assigned

Education & Experience:

Junior or Senior year student majoring in Finance / Economics / Business Administration / Public Policy
Minimum of 3.0 GPA or above
Master of Business Administration or Master of Public Policy beneficial as well

Knowledge & Skills:

Strong organizational skills and the ability to work independently and in a team environment
Strong project management, analytical and interpersonal skills
Strong oral and written communication skills
Familiarity with MS Office Suite, particularly in Excel

Analysis

This ad was posted 14 days ago which is quite new. I feel myself qualified for this job because I fit all the qualifications the employer listed, including education, experience, knowledge and skills requirement.

Congress created the Federal Reserve System in 1913, charging it with the responsibility to foster a sound banking system and a healthy economy. This remains the broad mission of the Fed and its component parts: the 12 Federal Reserve Banks nationwide that each serve a specific region of the country, and the Board of Governors in Washington, D.C., which is set up to oversee the Fed System.

Based on my research, I find the employer to be a very credible organization. According to the description in the job ad, I can learn and practice l lot during the internship especially in management, financial analyzing and relevant areas.

Company's website: http://www.chicagofed.org/webpages/index.cfm

Employer's requirements	My qualifications
Junior or Senior year student majoring in Finance / Economics / Business Administration / Public Policy	Junior student majoring Economics
Minimum of 3.0 GPA or above	>3.0 GPA
Master of Business Administration or Master of Public Policy beneficial as well	Master of business administration
Strong organizational skills and the ability to work independently and in a team environment	Have leadership experience and teamwork experience
Strong project management, analytical and interpersonal skills	Practiced relevant skills in the competition experience
Strong oral and written communication skills	Good verbal and written communication skills
Familiarity with MS Office Suite, particularly in Excel	Proficiency in Microsoft Office programs (Word, Excel, PowerPoint, Access)

DMU Timestamp: February 01, 2013 22:13