Summer Intern, Supervision Regulation & Credit, Supervisory & Lending Modeling

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!

Job Summary:
The Federal Reserve Bank of Philadelphia is seeking a PhD level or graduate student with preferred majors in Economics, Finance, 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 $28.00-$32.00 per hour depending on the candidate's education.

What You Will Do:

You will be working on the Supervisory & Lending Modeling (SLM) team which strives to provide quantitative expertise in bank supervision and credit risk management.

You will support ongoing development and maintenance of supervisory risk early warning statistical models.

You will work on Artificial Intelligence (AI) enhancements of existing models and assist the team with ongoing research projects in the areas of consumers finance, banking, and the Discount Window.

What You Have:

A master’s or PhD student pursuing a degree related to Economics, Finance, Statistics, or Data Science.

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

Required Skills: 


* Strong econometrics skills utilizing SAS, R, Python, or Stata


* Previous economics research experience

Preferred Competencies:


* 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  

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

Federal Reserve Bank of Philadelphia staff will only email you from the "@phil.frb.org" domain or through the Workday system "rb@myworkday.com".

If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity.

If you have any questions about the validity of someone who contacts you regarding this posi...