Strategy & Progam Management Intern, Monetary Affairs (Summer 2024)

About the Intern Program

The Federal Reserve Board (Board) provides students opportunities for career success. The Board’s Internship program is designed to provide valuable work experience for graduate students considering careers including, but not limited to, economics, finance and accounting, information systems, and data analysis. The Board believes that by combining academic endeavors with project-related work experience, qualified and capable college students can gain the practical knowledge need in a competitive global job market. Internships are paid positions with salaries commensurate with credit hours; internships may be in-person, remote or hybrid, depending on the needs of the team. Employment in the Board’s internship program is granted to U.S. citizens. Applicants must be currently enrolled in a graduate degree program at an accredited university and returning to continue studies after the internship. Interns receive a syllabus or research project plan outlining their projects and goals for the internship. Interns are assigned a supervisor or mentor to guide them through their internship, and regular check-in meetings with their manager to manage performance expectations and assist with learning goals. Interns have access to a wide range of training programs and events for professional development purposes. 

About the Team

The Division of Monetary Affairs (MA) supports the Federal Reserve’s deliberations, decisions, and communications regarding monetary policy and financial stability. MA’s Operations and Resource Management team (ORM) provides valued, practical, innovative, and equitable solutions for everyday operations. ORM’s services include people operations, program and project management, strategic planning, financial management, and communications. Within ORM, the Program Management Office (PMO) leads the development and execution of MA’s strategy and change initiatives to transform our research, analysis, and collaboration, and serves as a center of excellence for program and project management across MA.

About the Role

This paid internship in Washington DC is designed to help the candidate develop as a strategic leader and gain experience in areas including strategic planning, project management, program management, strategic communication, process improvement, data analysis, and more. As our intern you will: 

• Learn about the operations that enable the Federal Reserve’s monetary policy development. You read about us in the news; here’s what happens behind the scenes to make it all possible.
• Support seasoned professionals on critical, highly visible initiatives that keep our research and analysis capabilities at the leading edge.
• Lead your own challenging projects with support and mentorship from experienced colleagues.

As part of “Team MA” you will have the opportunity to work with research economists whose work informs American monetary policy, technologists who bringing innovative new tools and approaches to the government, analysts working to understand our financial markets, and program managers and operations professionals working to make it all possible.

About You

More than anything, we’re looking for a versatile problem-solver with strong interpersonal skills, a knack for communicating, and an interest in growth. If you can think on your feet, and our mission and values resonate with you, we encourage you to apply.

Our internship is ideal for graduate students in public policy, public administration, business, project management, and organizational development, but students in any field are welcome. Experience with strategic planning, strategic communication, project and program management, organizational performance, data analysis, and process improvement are all helpful – but if you don’t have experience, we’ll help you learn. This is not a research position – though it can help to be conversant in economic and financial topics, we don’t require any prior knowledge in these areas.

The Details

This internship will last 10-12 weeks beginning in early summer 2024. The internship may be extended beyond the summer with mutual agreement. You can expect access to the following:

• Access to LinkedIn Learning & R programming courses
• Professional development and networking opportunities
• Flexible schedule
• Dining options on-site
• On-site fitness center
• Public transit benefits

App Instructions: Please upload a resume, cover letter, and unofficial transcript prior to submitting your application.

 Qualifications:

• U.S. citizenship required
• Currently enrolled in a graduate degree program, or will be enrolled by the time the internship begins and graduating no earlier than May 2025
• Must be committed to working a 40-hour work week for 10-12 weeks during summer 2024
• Strong problem solving, communication, and interpersonal skills
• Experience with strategic planning, strategic communication, project and program management, organizational performance, data analysis, and process improvement are all helpful

Note: The Federal Reserve Board’s telework policy requires employees to be physically present in the office a minimum of four days per month. The Division of Monetary Affairs requires employees to be physically present in the office more than four days per month, as dictated by our business needs.