Supervision, Credit Risk, & Statistics (SCS) Intern - Summer 2026

Federal Reserve Bank of Cleveland Internship

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-six 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. Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel Cleveland Fed.

To be considered for this role, candidates must be a U.S. citizen, permanent resident, or green card holder. 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. Take your skills to the next level and gain valuable experience contributing to work within Supervision, Credit Risk, & Statistics (SCS).

Supervision, Credit Risk, and Statistics (SCS) Intern Responsibilities May Include :

• Conduct research and analysis on top and / or emerging risk topics and financial condition reviews of financial institutions within the Fourth District.
• Participate in reviews of state member banks and bank holding companies through activities such as field examinations, ongoing monitoring, review of reports and workpapers, and regulatory filings.
• Assist Credit Risk Management with data validation and eligibility reviews of loan collateral pledged to the Discount Window.
• Assist discount window lending teams to identify business process improvements, efficiencies, and design a process automation pilot.
• Help teams identify business process improvements, efficiencies and design and / or implement analytical solutions leveraging emerging technologies (AI / ML).
• Assist with data validation and reporting accuracy and integrity.
• Help with preparing training materials for upcoming seminars.
• Engage in leadership and career development activities for your future.

Requirements for SCS Internships :

What We Offer :

This position requires access to confidential supervisory information, access to which is limited to "Protected Individuals" as defined by regulation of the Board of Governors of the Federal Reserve System. Protected Individuals include, but are not limited to, U.S. Citizens, U.S. Nationals, and lawful permanent resident aliens (also known as "green card holders") but do not include (i) a permanent resident alien who fails to apply for naturalization within six months of the date the alien first becomes eligible to apply for naturalization and (ii) an alien who has applied on a timely basis, but has not been naturalized as a citizen within 2 years after the date of the application, unless the alien can establish that the alien is actively pursuing naturalization. If you are selected for an interview, you will be required to present documentation of your eligibility prior to the interview.

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.