Intern - FedNow Information Security (Information Technology)

Company

Federal Reserve Bank of Boston

Federal Reserve Financial Services (FRFS) delivers a suite of payments services to financial institutions via FedLine® Solutions, FedNow®, Fedwire®, National Settlement Service (NSS), FedCash®, FedACH® (Automated Clearing House), and Check Services. We are currently leading a strategic effort to transform FRFS to a national, enterprise-focused organization. Through our evolved structure, we will meet the needs of the marketplace for new products and services more quickly, seek to provide a more robust and unified customer experience across our financial service offerings, and create new career growth opportunities for FRFS staff.

The Federal Reserve has developed a new interbank 24x7x365 real-time gross settlement (RTGS) platform 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 internship will be primarily on-site at our Boston office.

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), Security Operations (SecOps), or Security Architecture (SecArch) functions within the security organization. Responsibilities will span (but are not limited to) the following focus areas within each function:

• SecOps
o Vulnerability Management
o Offboarding
o CI/CD security tooling support
o Incident response
o Security log analysis

• GRC
o Access Management reviews, analysis, and reporting
o Onboarding/offboarding
o POAM management and reporting
o System Security Plan management
o Security training and awareness
• SecArch
o Assist the SecArch team with various tasks (e.g., library reviews)

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 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.

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, which might not be complete until after you begin working at the Reserve Bank, 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.
 
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

As a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning financial interests – such as stocks or bonds – from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team.

Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

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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