22 days old

Intern-Software Engineering

Federal Reserve Bank (FRB)
Chicago, IL 60602
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Federal Reserve Bank of Chicago

Who we are:
One of the most influential, trusted and prestigious financial institutions in the world. The Federal Reserve Bank of Chicago, serving five states, is one of the 12 regional reserve banks in the United States. The twelve banks along with the Board of Governors in Washington, D.C., make up the nations central bank.

What makes us unique? We are a regulatory bank. This internship gives you the opportunity to intern for a bank that supervises other banks.

Internship Program Details:

The Federal Reserve Bank of Chicago Summer Intern Program is a paid internship that is open to undergraduate, graduate and PHD students. It begins in June and continues for 12 consecutive weeks. Interns work 40 hours per week and are assigned to one department.

*Students who are currently taking a gap year or gap semester due to the COVID-19 pandemic remain eligible for this program.

Typical Day:

Project oriented hands-on assignments and professional development activities including a volunteer project. Interns receive a solid overview of the Fed while contributing to their designated Bank department.


We have a collaborative work environment that fosters inclusion. As a public service institution, we reflect all the communities we serve. Interns will have the opportunities to network with subject matters experts and interns assigned to other business areas.

Application Process:

  • September 2021 and onward applications
  • Mid October 2021 and onward - Interviews
  • January offers accepted
  • June 6, 2022 or June 13, 2022 Start dates

FedLineSolutions provide organizations with direct access to Federal Reserve Bank Services critical payment and information services and applications.FedLineSolutions use state-of-the-art technology to facilitate the reliable, highly secure clearing of payments and exchange of related information for organizations and their business and consumer customers. Robust and flexible subscription options provide control over access and delivery of services to the back office, frontcounterand end user. More than 100,000 users in nearly 10,000 organizations leverageFedLineSolutions for delivery of payment and information services.


  • Develops high quality code
  • Documents and contributes to solution designs and seeks feedback from the team on documented designs
  • Communicates regularly on the progress of work products and deliverables to management and other members of the team.
  • Participates in peer review sessions and learns from the team the methods of providing constructive feedback for technical deliverables
  • Assists with the responsibilities of other team members as business needs change including that of a quality assurance engineer


  • We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.

Additional Requirements:

  • Some of these positions may require the Supervision and Regulations specific requirements explained below. Applicants must be US Citizens or permanent residents with the intent to become US Citizens.
  • All Federal Reserve Bank of Chicago employees must be fully vaccinated against COVID-19, unless the Bank grants an accommodation based on medical condition or sincerely held religious belief.

As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Banks ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. 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, who can provide you contact information for our ethics official if necessary.

Other Requirements and Physical Requirements

This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category


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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Posted: 2021-11-12 Expires: 2021-12-11
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Intern-Software Engineering

Federal Reserve Bank (FRB)
Chicago, IL 60602

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