What are the responsibilities and job description for the Summer 2026 Graduate Internship - Consumer Affairs Examiner position at Federal Reserve Bank of Minneapolis?
Company Federal Reserve Bank of Minneapolis The Federal Reserve Bank of Minneapolis’ Graduate Intern Program (Program) in Supervision, Regulation, and Credit (SRC) is intended to introduce Graduate students to the Banking Supervision function and the broader Federal Reserve System. SRC is responsible for the supervision of bank holding companies, state member banks, and foreign banking organizations. This internship is a part of the Consumer Affairs department in SRC, which focuses on supervised institutions’ compliance with consumer protection laws and regulations. The Consumer Affairs department also evaluates the supervised institution’s ability to meet the credit needs of its community under the Community Reinvestment Act (CRA). Internship Hourly Wage: $27.00 We are looking for students who are willing to work 40 hours/week for 12 weeks beginning June 1, 2026. This position requires a regular on-site presence. The SRC Program provides an opportunity to work in an intellectually stimulating and collaborative environment, to engage in meaningful public service, and to interact with supervision staff at the Federal Reserve Bank of Minneapolis and across the Federal Reserve System. Interns will receive on-the-job mentoring and professional development as they engage in job duties. The SRC Program provides summer interns with the opportunity to enhance essential business skills and develop an understanding of the Federal Reserve’s role in the supervision of financial institutions. You may review risk management practices, operational controls, financial condition, and/or compliance with banking laws and regulations. In addition to working within SRC, interns working in the Program can participate in Bank-wide professional development activities and network with other intern cohorts. Program Description: Assist in reviewing consumer complaints against supervised institutions including gathering facts, researching regulatory requirements, and analyzing the institution’s adherence with consumer compliance laws, regulations, and regulatory policies with a particular focus on complaints alleging concerns with fair lending laws and regulations as well as unfair and deceptive acts and practices (UDAP). Assist with compliance and CRA supervisory work, focusing on the assessment of compliance risk, the adequacy of risk management systems and operational controls, and the evaluation of an institution’s CRA-related activities. Draft, organize, and verify workpapers and related documents with guidance from more experienced examiners. Perform financial analysis, conduct financial industry research, and explore emerging banking topics, as needed. Participate in internal networking and mentorship opportunities with SRC and bank staff. Observe and participate in relevant meetings to gain an extensive overview of the department and critical examination issues. Responsibly handle highly sensitive and confidential information. Required Qualifications: Currently enrolled in and actively pursuing a graduate degree, such as a JD or MBA, with a strong academic record in the program. Strong written, verbal, and interpersonal communication skills. Ability to work collaboratively within a team. Meet Protected Individual requirements. Able to work 40 hours per week throughout the duration of the 12-week internship program, starting in June 2026. Ability to work onsite is an essential function of this position, and you are expected to be in the office 5 days per week for meetings and team collaboration. Additional Preferred Qualifications (Not Required): Knowledge of the financial services or banking industry. Knowledge of consumer compliance laws, regulations, and risk management practices. Knowledge of the Community Reinvestment Act. This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. Candidates who are not U.S. citizens must sign a declaration of intent to expeditiously become a U.S. citizen when eligible. Please note: We do NOT provide relocation assistance, housing, travel reimbursement, or sponsorship. The Minneapolis Fed is committed to fostering an environment where all employees are respected and valued. We provide equal employment opportunity to all persons and we work together to pursue an economy that works for all of us. 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. Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels. Privacy Notice OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government. OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward. Why Our People Choose Us: Our reputation precedes us There will always be room for personal growth Our people are first You’ll find the right balance Your responsibilities will be meaningful We hope that you will be our future colleague. Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels. Please check back later for more information on available job opportunities.
Salary : $27