Summer Intern, Supervision Regulation & Credit, Credit Lending Research

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 graduate or advanced undergraduate student with preferred majors in quantitative fields such as applied mathematics, statistics, economics, finance, or computer 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 complete a research project that studies how machine-learning, data mining, and Gen-AI analytical tools can support modeling of retail loan credit risk.

More specifically, the intern will use these and other tools to test how delinquency and default in retail portfolios (such as credit cards, auto loans, or mortgage loans) are impacted by risk factors, such as borrower characteristics, loan characteristics, or the macroeconomic environment.

The intern will be encouraged to explore non-linear relations and interactions identified by the models. 

What You Have:

A rising junior or senior undergraduate, or master’s student pursuing a degree related to applied mathematics, statistics, economics, finance, or computer science.

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

Required Skills: 


* Experience with statistical/programming software (experience with R or Python is preferred)


* Strong presentation and communication skills

Preferred Competencies:


* Strong technical writing skills


* Verbal and written communication skills 


* Strong problem-solving skills 


* Attention to detail


* Organizational skills


* Ability to work well independently with little supervision (the intern supervisor will be available to assist)

Additional Information:

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...