Summer Intern - Supervision & Regulation - Banking Crisis Stress

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 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 an undergraduate level (Senior) or graduate student with preferred majors in Economics, Statistics, Data Science or similar quantitative fields.  This opening is onsite and will consider hybrid candidates as well.  The work schedule is Monday – Friday (40 hour per week).  This is a 10-week paid internship.  The hourly rate for this position is $21.00-$25.00 per hour depending on the candidate's level of education.  

Intern projects:

The goal of this project is to develop a framework that would allow real-time monitoring of stress propagation in times of banking crises.

Our framework will leverage and aggregate different sources of real-time information in order to construct measures of bank risk and risk propagation.

Required Skills:


* Knowledge of a programming or statistical language will be useful.

Preferred languages include R, Stata or Python.

Preferred Competencies:


* Problem solving skills, creativity, attention to detail.

Additional Information:


* The Federal Reserve Bank of Philadelphia believes that diversity, equity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool.

To support a workplace culture of belonging, we offer eight employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index.

The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.


* We have eight employee resource groups (ERGs) to support a diverse workforce.

Abilities (supporting disabilities and allies), African Heritage, Asian-Pacific, Freedom (supporting LQBTQ+ and allies), Talent Forward (supporting career growth), Women United, Working Families and Veterans.

ERGs are open to all employees.


* We will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process, to perform essential job responsibilities, and to receive other benefits and privileges of employment.


* All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and mino...