Company

Federal Reserve Bank of Boston

FedNow Information Security Intern

As an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.



The Federal Reserve has developed a new interbank 24x7x365 real-time gross settlement (RTGS) service with integrated clearing functionality, called the FedNow Service. This service enables financial institutions to provide their customers with the ability to send and receive payments any time, any day, and have full access to those funds within seconds. This position is a unique opportunity to be part of this mission-critical Federal Reserve initiative that is transforming the payments landscape in the United States.

This position will be on-site at the Boston Fed location.

This position is part of the Bank's Internship/ Co-op Program which is offered to students who are currently enrolled in graduate and undergraduate studies. This Program identifies talented and qualified candidates who could potentially fill professional job openings in the Bank.

FedNow Information Security Intern Job Description

This position will be part of the FedNow Information Security team at the Federal Reserve Bank of Boston supporting the FedNow instant payments service. The role will provide support for the Governance Risk and Compliance (GRC) and Security Operations (SecOps) functions within the security organization. Responsibilities will span (but are not limited to) the following focus areas within each function:

• SecOps
  • Vulnerability Management
  • Offboarding and access deprovisioning
  • CI/CD security tooling support
  • Incident response
  • Security log analysis
• GRC
  • Access Management reviews, analysis, and reporting
  • POAM management and reporting
  • System Security Plan analysis and maintenance
  • Risk analysis and reporting
  • Security training and awareness
    

Responsibilities

• Collaborate with risk management, threat management, incident response, security architecture, and cross-functional teams to provide security guidance and support
• Assist in the development and maintenance of Information Security policies, processes, and controls
• Review and analyze security controls to ensure they meet defined industry standards
• Perform daily/weekly operational tasks, reporting, and communication with key stakeholders
• Develop scripts to support efforts to automate a variety of security processes
• Stay up to date on emerging threats and vulnerabilities, and recommend appropriate measures to mitigate risk
• Assist with security awareness initiatives and perform research on cybersecurity topics and trends
  

Qualifications

• Basic understanding of information security domains including, risk management, security operations, security architecture, compliance, access management, and cloud security
• Basic understanding of cybersecurity and attacker tactics, techniques, and procedures
• Basic understanding of scripting/coding languages (e.g. Python)
• Must be able to work independently and within small teams
• Strong teamwork and communication skills for both technical and non-technical
  

The Federal Reserve Bank of Boston is committed to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

For this job, any offer of employment is contingent upon successfully passing a two-phase security screening. The first phase consists of the satisfactory completion of a physical examination (including a drug screening), reference checks, and a security investigation consisting of credit and criminal history checks.

The second phase is an additional risk-based security screening determined by the risk rating of the position. Depending upon the sensitivity of the position, this phase may include, and is not limited to, work and residency eligibility verification, and personal interviews with the candidate, references, and prior employers.

All applicants must have resided in the United States for at least three (3) years.

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.

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