Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland is part of the nation's central bank. We've provided many opportunities for professional growth during our history.
For twenty-seven years in a row, we've been named "One of Northeast Ohio's Best Places to Work" by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications.
Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.
To be considered for this role, candidates must be a U.S. citizen, permanent resident, or green card holder.
Take your skills to the next level and gain valuable experience contributing to work within the BWise Team.
The BWise Team has developed a suite of risk management solutions as part of its Governance, Risk and Compliance (GRC) Platform. Our capabilities and tools are used across the Federal Reserve System. We provided solutions to efficiently and effectively identify, assess, report, and manage risk.
The application features are scalable and provide the opportunity to strategically support the evolution and maturation of risk management processes and programs in the Federal Reserve.
In this role you will engage and support new and existing customers, interact with System leaders, support the development of new features, and evaluate internal business processes.
Bwise Intern Duties
- Enhance quality/compliance self-testing program to provide assurances that processes are sound
- Support the development and execution of test scripts across the platform
- Disposition customer intake requests and adhere to established service level agreements
- Assist with onboarding activities for new customers, including product demonstrations and maintaining project artifacts
- Support governance process and monitor action items / follow-up
- Support information security activities, including documentation and testing
- Review and revise or create user guides as new functionality is introduced
- Support customer engagement meetings by taking minutes and addressing follow-up items
Requirements for Internships
- Currently pursuing an undergraduate degree or graduate degree in Business or Information Technology with a minimum GPA of 3.0. Should have at least one semester left to complete in school.
- Strong computer/technical skills required. Proficiency with Microsoft Office products, specifically Excel and Access (or familiarity with other data access tools).
- Ability to work in a deadline driven environment and ability to multitask.
- Ability to work both in a group setting and on an individual basis.
- Strong oral and written communication skills.
What We Offer
- Hands-On Experience: Gain practical experience and insights into the operations field through real-world projects and challenges.
- Mentorship: Receive guidance and mentorship from experienced professionals who are committed to your development.
- Networking Opportunities: Build connections within the industry and with fellow interns and employees.
- Professional Development: Participate in workshops, training sessions, and seminars designed to enhance your skills and knowledge.
Our interns will work onsite at our Cleveland, Ohio location. We're looking for collaborative and innovative full-time students entering their sophomore year or beyond. Our student interns work 40 hours per week for the duration of a 10- to 12-week internship that starts as early as June and ends as late as September, depending on student schedules and business needs. The expected starting salary range for this position is between $20.50 and $26.00 hourly. Final salary and offer will be determined by the applicant's background, experience, skills, internal equity, and market data.
To be considered for this position please enter your application by October 31st, 2026
Physical Demands and General Working Conditions
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time.
Bank's Ethics Rules and Drug Testing
As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank's ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting.
In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.
Reasonable Accommodation Statement - The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to clev.4d.benefits.specialist@clev.frb.org
Full Time / Part Time: Full time
Regular / Temporary: Temporary
Job Exempt (Yes / No): No
Job Category: Internship Family Group
Work Shift: First (United States of America)
The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
