CompanyFederal Reserve Bank of ClevelandThe 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-five 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.Join our team onsite as a paid intern – summer 2025Take your skills to the next level and gain valuable experience contributing to work within Community Development.Community Development Internship :The Community Development Department at the Federal Reserve Bank of Cleveland is responsible for research, analysis and engagement on economic issues facing low and moderate income communities throughout the Fourth District (Ohio, western PA, eastern KY and northern WV). Its efforts aim to improve policy design and implementation by 1) applied research and analysis and 2) outreach and engagement. The Department does this by active engagement with economic and community development practitioners, banks, and public and private sector stakeholders across urban, suburban, and rural communities.As an intern you may :
Contribute to team projects using quantitative and qualitative research methods to learn about economic and community development programs and policies, focused on affordable housing, workforce and economic development, access to good jobs, small business access to credit and other issues that disproportionately affect impact low and moderate-income individuals and communities.
Assist with additional research involving gathering data from various sources and manipulate data using statistical packages and programming languages such as Excel, STATA and SAS
Participate in the preparation of online and written publications and briefs for internal and external stakeholders.
Assist with outreach, public programs and events.
Requirements for Community Development Internship:
Currently pursuing Bachelor’s or Masters degree in Economics, Public Administration, Public Policy, Urban Studies, or related field (Masters preferred) - minimum GPA of 3.0.
Should have at least one semester left to complete in school.
Strong writing and interpersonal skills.
Strong computer/technical skills required. Experience collecting, manipulating, and analyzing large datasets (Excel required, SAS or STATA a plus).
Ability to work in a deadline driven environment and have ability to multitask.
Problem solving skills.
Requires communicating well with people at different levels, frequently sharing information with others while listening to and understanding their points of view.
Requires logical analysis and solving problem skills, step by step, often looking beyond the obvious solution to a problem and digging deeper for the best solution.
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.
Physical Demands and General Working ConditionsTraditional office environment: Employees typically sit most of the day, work with a computer and may answer/respond to phone calls. Physical movement consists of walking for meetings, breaks, etc. Ability to lift items weighing approximately 20 pounds on a limited basis is required. Employees will be required to travel by car/air.Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS?hiringCompany=7186c32a743f011afe26afcaaf01190c) or through verified Federal Reserve Bank social media channelsFull Time / Part TimeFull timeRegular / TemporaryTemporaryJob Exempt (Yes / No)NoJob CategoryInternshipWork ShiftFirst (United States of America)The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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 (https://www.kansascityfed.org/documents/7797/WorkdayPrivacyNotice.pdf)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 usThere will always be room for personal growthOur people are firstYou’ll find the right balanceYour responsibilities will be meaningfulWe hope that you will be our future colleague.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.
