Intern, CFI (Consumer Finance Institute), Summer 2024

Company

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia's Consumer Finance Institute (CFI) is seeking a paid Intern to work with our team.

Principal Duties and Responsibilities:

The Consumer Finance Institute seeks a well-trained and motivated research intern to support the written and statistical research output of its research fellows in a part-time capacity (with full-time possible during summer).  The intern’s primary responsibility will be to assist research fellows with empirical research into consumer finance topics and to report findings verbally and in written form for inclusion in research papers.

The intern will gain experience querying, cleaning, and analyzing very large data sets.

Candidates must be a junior or senior undergraduate student; a graduate student; or recent BA/BS/MS graduate; or a PhD student in a quantitative discipline such as economics, computer science, engineering, mathematics, or statistics.

Qualifications/Requirements:

Candidates should have demonstrated research capacity as evidenced by research papers or research assistance employing statistical and/or econometric analysis.

Successful applicants will have taken three or more courses in statistics, econometrics, and economics and should be familiar with statistical software such as Stata, R, or Python.

Candidates should also be proficient with the MS Office suite.

Experience with SQL or Spark a plus.

The ideal candidate will be highly motivated; will possess strong oral and written communication skills.

Background investigations including drug testing are required for all new hires as a condition of employment, after the job offer is made.  Employment may not begin until the Bank accepts the results of the background investigation.

Certain eligibility rules apply.

Applicants must be able to provide work authorization to prove their eligibility to work in the United States.

All Federal Reserve Bank of Philadelphia employees must comply with the Bank's 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 officer if necessary.

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

 

All employees 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. 

To apply: Please upload your cover letter, resume, and transcript.

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