Job Description

Savings Products Division (SPD) is focused on creating an exceptional deposit product suite & tool kit to enable our membership to meet their savings and financial goals throughout their financial journey.  As a team, we drive forward the product strategy, pricing and servicing of members checking, savings, money market, certificate, and IRA products. 

Navy Federal Membership is growing rapidly, and the financial industry is ripe for deposit innovation.  Savings and deposit products are something that most consumers interact with daily, and our membership is no different.  SPD is continuously evolving to maximize engagement from members and team members, taking advantage of data insights, improving processes, and enhancing system capabilities to ensure an optimal member experience. 

The Summer Associate Intern will report to leadership at our Vienna, VA or Pensacola, FL campus. Responsibilities will include analyzing business needs to develop and implement solutions in both systems and processes to provide enhanced capabilities. Areas of focus will include involvement in cross-organizational task groups concerning new systems or products as well as developing, recommending, and documenting enhancements to workflows to streamline processes. It will be essential for the team member in this position be a quick learner with analytical thinking skills to understand the evolving product strategy and competitive landscape to be able to suggest product, system, and/or process enhancements to propel the strategic vision forward.

The Summer Associate Program is a 12-week internship program beginning in May 2025 and ending in August 2025. Students will work on impactful projects and meaningful work during their internship. To qualify for this position, applicants must be currently pursuing a degree from an accredited college or university and have an anticipated graduation date of December 2025 or later.

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

Our approach to careers is simple yet powerful: Make our mission your passion.

• Best Companies for Latinos to Work for 2024
• Computerworld® Best Places to Work in IT
• Forbes® 2024 America’s Best Large Employers
• Forbes® 2023 The Best Employers for New Grads
• Fortune Best Workplaces for Millennials™ 2023   
• Fortune Best Workplaces for Women ™ 2023       
• Fortune 100 Best Companies to Work For® 2024
• Military Times 2023 Best for Vets Employers
• Newsweek Most Loved Workplaces 
• Ripplematch Campus Forward Award - Excellence in Early Career Hiring
• Yello and WayUp Top 100 Internship Programs

From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

Equal Employment Opportunity: Navy Federal values and celebrates diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.

Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position.

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

• Currently pursuing a Bachelor’s Degree in Business Administration, Management Information Systems, or a related field.
• Effective skills identifying and analyzing business requirements and recommending solutions  
• Experience in problem resolution including determining scope of issue, root cause, and creating well thought out recommendations
• Experience in managing multiple priorities independently and/or in a team environment to achieve goals
• Familiarity with Change Management and Agile Methodology
• Good communication and presentation skills
• Strong strategic, critical, and analytical thinking skills
• Knowledge of financial services/payments a plus

• Participate in cross-organizational task groups concerning new automated systems, products and/or services 
• Work with project teams to plan, coordinate and rollout software 
• Partner with other business units and vendors to improve procedures, resolve problems, and implement initiatives
• Develop and present findings from analysis and research to all levels of management
• Become integrated into and participate in the day-to-day strategy, analysis, and operations of the team