Summer Intern - Supervision & Regulation - BSA / AML

Company

Federal Reserve Bank of Philadelphia

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!

The Federal Reserve Bank of Philadelphia is seeking a PhD level or graduate student with preferred majors in Economics or Finance.

This opening requires an on-site presence.

The work schedule is Monday – Friday (40 hours per week).

This is a 10-week paid internship.

The hourly rate for this position is as follows:
$28.00- graduate level student
$32.00 - PhD level student

What You Will Do:

The intern will be working on a research project to gain deeper understanding of the Y-14Q PPNR G2 Schedule and its underlying data structure.

This project helps us to identify potential model improvements and refinement.

The intern will engage with modeling teams to assess model assumptions, document findings, and provide recommendations.

The intern can help to build up interest income for loans' model performance monitoring process, including back-testing, stability testing, etc.

For the usage of non-confidential data to assess interest income spread modeling, the intern will be working on modeling the loan interest income rate spreads using Y-9C or call report.

The focus is to explore how spreads vary across time and across portfolio, to explore correlations between spreads and macroeconomic indicators.

What You Have

A master’s or PhD student pursuing a degree related to Economics or Finance.

Other fields related to the ones listed are also encouraged to apply. 

Required Skills: 


* Experience in Stata, R programming and MS Office Suite.


* Strong quantitative skills in areas of econometrics and statistics

Preferred Competencies:


* Knowledge of financial statements, or regulatory reporting (i.e.

Call report, Y-9C, Y-14)


* 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

Additional Information:

The Federal Reserve Bank of Philadelphia takes your information privacy seriously.

Federal Reserv...