Summer Intern, Supervision Regulation & Credit, Banking Research
About The Position
The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware. Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth! Job Summary: The Federal Reserve Bank of Philadelphia is seeking a graduate or advanced undergraduate student with preferred majors in Economics, Statistics, or Data Science. This opening requires the selected candidate to be in office four times a week with one day working remotely. The work schedule is Monday – Friday (40 hour per week). This is a 10-week paid internship. The hourly rate for this position is $23.00-$28.00 per hour depending on the candidate's education. What You Will Do: The intern will assist with research focused on financial risks to banks. The RADAR (Risk Assessment, Data Analysis, and Research) team at FRB-Philadelphia provides data and analytics to advance banking supervisory work. The intern will work on all aspects of research, including cleaning, preparing, and analyzing data, running empirical tests, and writing the results. This is an excellent opportunity to support the mission of the Federal Reserve and gain valuable research experience. What You Will Do: The intern will be working on the Securities Evaluation Services (SES) team within the Supervision, Regulation and Credit department. The SES team focuses on topics related to fixed income securities. As such, we are looking for an intern that has great interest in the fixed income markets. The intern will provide support on a with a wide range of efforts surrounding a database where the SES team stores fixed income information from examinations. This database can provide valuable horizontal information back to examination teams. The selected intern can expect to: Cleanse the data Develop new templates used by SES analysts for examinations Study horizontal behaviors to generate presentations and products The intern may also be asked to assist various projects related to Stress Testing related to the Securities and Fair Value Option models.
Requirements
- A rising junior or senior undergraduate, or master’s student pursuing a degree related to Economics, Statistics, or Data Science. Other fields related to the ones listed are also encouraged to apply.
- Strong econometrics and coding skills
- A rising junior or senior undergraduate, or master’s student pursuing a degree related to Finance, Economics, Statistics, or Data Science. Other fields related to quantitative finance are strongly encouraged to apply.
- Experience working with large data sets
- Familiarity with R and SQL
Nice To Haves
- Verbal and written communication skills
- Problem solving skills
- Attention to detail is needed to make sure that the data work has been performed correctly
- Organizational skills to annotate and document their work such that others can pick up where the project left off
- Ability to work well independently with little supervision, the project manager will be available to assist
- Strong presentation and communication skills to share what they have completed concisely and effectively
- Strong technical background
- Verbal and written communication skills
- Problem solving skills
- Attention to detail is needed to make sure that the data work has been performed correctly
- Organizational skills to annotate and document their work such that others can pick up where the project left off
- Ability to work well independently with little supervision, the project manager will be available to assist
- Strong presentation and communication skills to share what they have completed concisely and effectively
Responsibilities
- Assist with research focused on financial risks to banks.
- Work on all aspects of research, including cleaning, preparing, and analyzing data, running empirical tests, and writing the results.
- Cleanse the data
- Develop new templates used by SES analysts for examinations
- Study horizontal behaviors to generate presentations and products
- Assist various projects related to Stress Testing related to the Securities and Fair Value Option models.
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What This Job Offers
Job Type
Part-time
Career Level
Intern
