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Federal Reserve Jobs (NOW HIRING)

Federal Reserve System

NIRT Intern

Richmond, VA · On-site

$14.75 - $19.75/hr

Company Federal Reserve Bank of Richmond Intern Intern Full Time / Part Time Full time Regular / Temporary Temporary Job Exempt (Yes / No) No Job Category Internship Family Group Work Shift First ...

Federal Reserve System

SIO Intern

Richmond, VA · On-site

$14.75 - $19.75/hr

Company Federal Reserve Bank of Richmond Intern Intern Full Time / Part Time Full time Regular / Temporary Temporary Job Exempt (Yes / No) No Job Category Internship Family Group Work Shift First ...

Federal Reserve System

Engineer Senior

San Francisco, CA · On-site

$123K - $169K/yr

Company Federal Reserve Bank of Richmond TBA Provides technical/production support and expertise for all storage related software and hardware critical infrastructure services and mission critical ...

Federal Reserve System

Research Associate

Omaha, NE · On-site

$70K - $90K/yr

Company Federal Reserve Bank of Kansas City When you join the Federal Reserve-the nation's central bank-you'll play a key role, collaborating with leading professionals to strengthen and protect our ...

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$54K

$142.7K

$249.5K

How much do federal reserve jobs pay per year?

As of Jul 7, 2026, the average yearly pay for federal reserve in the United States is $142,683.00, according to ZipRecruiter salary data. Most workers in this role earn between $108,500.00 and $160,000.00 per year, depending on experience, location, and employer.

What are some common challenges faced by professionals working at the Federal Reserve, and how can new hires prepare to overcome them?

Professionals at the Federal Reserve often face the challenge of working with complex economic data and rapidly changing market conditions. New hires may also need to adapt to a highly collaborative environment that requires clear communication across interdisciplinary teams, including economists, analysts, and policymakers. To succeed, it is helpful to develop strong analytical skills, stay current with financial and economic trends, and be open to continuous learning. Building relationships with experienced colleagues and seeking mentorship can also ease the transition and help new employees navigate the unique demands of the role.

What are the key skills and qualifications needed to thrive as a Federal Reserve economist, and why are they important?

To thrive as a Federal Reserve economist, you need advanced expertise in economics, quantitative analysis, and policy research, usually supported by a graduate degree in economics or a related field. Familiarity with statistical software such as Stata, R, or MATLAB, and experience with economic modeling and data analysis, are crucial. Strong analytical thinking, clear communication, and the ability to work collaboratively enhance effectiveness in this role. These skills and qualities are essential for providing sound economic analysis and policy recommendations that shape national monetary policy.

What is the Federal Reserve and what does it do?

The Federal Reserve, often called the Fed, is the central banking system of the United States. Its main responsibilities include managing the country’s money supply, regulating and supervising banks, providing financial services, and setting key interest rates to promote economic stability. The Federal Reserve plays a crucial role in responding to economic crises and ensuring the stability of the financial system. It operates independently within the government to help achieve goals like maximum employment and stable prices.

What is the difference between Federal Reserve vs Commercial Banker?

AspectFederal ReserveCommercial Banker
Required CredentialsEconomics, finance, or related degrees; often advanced degrees for leadership rolesBusiness, finance, or economics degrees; certifications like CFA are common
Work EnvironmentCentral banking institutions, regulatory agencies, policy officesCommercial banks, retail branches, corporate clients
Employer & Industry UsageGovernment, monetary policy, financial regulationPrivate banking, retail banking, corporate finance

The Federal Reserve primarily focuses on monetary policy, financial stability, and regulation, working within government institutions. In contrast, commercial bankers operate within private banks, providing financial services to individuals and businesses. While both roles require finance knowledge, the Federal Reserve emphasizes policy and regulation, whereas commercial bankers focus on client services and banking operations.

What cities are hiring for Federal Reserve jobs? Cities with the most Federal Reserve job openings:
What states have the most Federal Reserve jobs? States with the most job openings for Federal Reserve jobs include:
Infographic showing various Federal Reserve job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 79% Full Time, 19% Part Time, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $142,683 per year, or $68.6 per hour.
Federal Reserve Assistant Examiner Intern

Federal Reserve Assistant Examiner Intern

Federal Reserve System

Richmond, VA • On-site

$39K - $48K/yr

Full-time

Posted 24 days ago

Job description

Company
Federal Reserve Bank of Richmond
Grow Your Career at the Richmond Fed!
At the Richmond Fed, we're driven by our mission to strengthen the economy and our communities. We take great pride in what we do and how it impacts people every day.
When you join our team, you'll become part of a culture that welcomes differences, cares about our communities, and empowers each other to lead from where we are to make things better.
Bring your passion and we'll provide challenging and purposeful careers in a variety of fields, opportunities to grow and a wide range of benefits and perks that support your health and wealth. It's all part of what makes #MyRichmondFed a great place to work!
About the Opportunity
The Richmond Fed Supervision, Regulation, and Credit (SRC) department is now hiring for our 2023 Summer Internship Program. SRC is responsible for the supervision of bank holding companies and state member banks. Supervision is completed from two differing aspects, Safety and Soundness (assessing a bank's financial performance and risk management practices) and Consumer Compliance (assessing a bank's compliance with consumer guidelines such as Fair Lending and Community Reinvestment Act).
The Assistant Examiner Internship Program provides a unique experience in SRC to explore its business lines and is located in Richmond, VA. The program provides summer interns with the opportunity to enhance essential business skills and increase understanding of the Federal Reserve's regulatory role to support and evaluate the safety and soundness of financial institutions. During the program, interns will gain exposure to the supervisory process at financial institutions. This will include reviewing various reports, participating in meetings, interacting with management at supervised institutions, and making assessments on risk exposure. Topics of review may include adequacy of risk management processes, operational controls, financial condition, and/or compliance with banking laws and regulations. In addition, the intern will develop a relationship with a mentor, create and deliver presentations, and complete a final project.
The Summer Internship Program provides outstanding students with the opportunity to gain valuable work experience at a unique institution. Through advanced project work, assignments and professional development activities, interns are provided with an extensive understanding of the work of the Federal Reserve. Interns will be given the opportunity to enhance their business skills through critical financial analysis, formal presentations, research and writing. In addition to specific business area tasks, you will receive targeted leadership training, mentorship and valuable networking opportunities.
With an initial application, candidates are required to submit a cover letter, resume and current college transcript(s); an additional writing sample is optional. Documents, including transcripts (unofficial copies are okay at this time), should be uploaded as attachments to your electronic submission. Formatted attachments can include Microsoft Office products, PDFs, JPGs or HTML documents; size for each is limited to 1.5Mb.
What You Will Do:
  • Participate in up to two examinations at the Federal Reserve Bank and/or a state member bank.
  • Communicate findings of supervisory activities as advised by examination staff.
  • Responsibly handle highly sensitive and confidential information.
  • Observe and participate in relevant meetings to gain an extensive overview of the department and critical examination issues.
  • Gain a thorough understanding of the department and examination process by interviewing staff and reviewing process maps and timelines.
  • Work with presentation advisor and other interns to create and practice delivering a presentation related to internship experience.
  • Deliver presentation to the department, where attendees include senior leaders.
  • Develop a proactive relationship with mentor who provides feedback regarding progress.

Qualifications:
  • College student with a minimum 3.0 GPA with a preferred emphasis in Accounting, Finance, Business Administration, Economics, Management, Mathematics, Statistics, information technology, information security, cybersecurity or related field.
  • Demonstrated ability to influence and lead others
  • Strong project management skills, including organization, planning and execution, analytical and problem solving skills
  • Strong communication and interpersonal skills, including the ability to work effectively in a team environment
  • Comfortable with technology, its changing nature and ability to innovate upon it

Other Requirements and Considerations:
  • An applicant posting for employment as a Federal Reserve examiner/analyst must be a U.S. citizen or hold a permanent residence visa/Green Card and be an intending citizen. Sponsorship or practical training extensions are not available for this position.
  • Under conflict of interest guidelines administered by the Board of Governors of the Federal Reserve System, examining personnel may not participate on an examination of a financial institution or affiliate if the examiner was employed by the financial institution or affiliate within the past 12 months.
  • Please review the FRB Employee Code of Conduct to ensure there are no major issues related to your previous employment and current financial interests (The Code is available on the About Us, Careers webpage at www.richmondfed.org.; the relevant sections are 5.3 and Appendix B, Parts I, II and III).
  • FRB ethics rules generally prohibit employees and their immediate families from owning investments in banks, savings associations or their holding companies (Section 5.3). Additionally, employees engaged in Supervision and Regulation may be subject to borrowing and deposit restrictions. These employees may need to recuse themselves from certain supervisory work based on:
    • their borrowing relationships (Appendix B Parts I.1, II.1 and II.2),
    • if a financial institution employs a member of the employee's immediate family (i.e. spouse, child, parent, or sibling) (Appendix B Part I.3 and Part II.3),
    • if the individual was employed by the financial institution or affiliate within the past 12 months (Appendix B Part I.3 and II.3).
  • In certain cases, the recusal may be so extensive it could materially reduce the effectiveness of the prospective employee.
  • Selected candidate is subject to special background check procedures.
  • The hourly rate for summer interns is $20.50/hour.
  • US Citizenship or US Permanent Resident status is required.
    The Federal Reserve Bank of Richmond provides equal opportunity to all individuals without regard to race, sex, color, religion, gender identity or expression, sexual orientation, national origin, age, disability, or genetic information.

Full Time / Part Time
Full time
Regular / Temporary
Temporary
Job Exempt (Yes / No)
No
Job Category
Internship
Work Shift
First (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.
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