Summer Intern - Supervision & Regulation - Supervisory and 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 other related fields. This opening is hybrid which has the intern come into the office 2-3 times a week to work with the project manager and team members.

The work schedule is Monday – Friday (40 hour per week). This is a 10-week paid internship. The hourly rate for this position is $26.00-$30.00 per hour depending on the candidate's education.  

What You Will Do: 

The intern will assist on projects with ongoing research in the areas of consumers finance, banking, and the Discount Window. The intern will also support ongoing development and maintenance of financial institution supervisory risk early warning statistical models. The intern’s work will focus on enhancing existing models and tools and provide support towards addressing model validation questions and findings. 

What You Have: 

• Graduate or PhD level student studying economics, finance, statistics, or other related fields

• Economics research experience 
   

Required Skills: 

• Experience with SAS, R, Python, or Stata 

• Experience using econometrics methodologies  
   

Preferred Competencies: 

• Written and oral communications skills 

• Presentation skills 

• Takes initiative 

• Creativity 

• Problem solving skills 

• Strong attention to detail 

Other Requirement: This position requires access to confidential supervisory information, which is limited to “Protected Individuals” as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship. In addition, all candidates must undergo an applicable background check and comply with all …