Summer Intern, Supervision Regulation & Credit, SES and Stress Testing Data

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 an undergrad or graduate level student with preferred majors related to quantitative 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:
$23.00 undergraduate level student
$28.00- graduate level student

What You Will Do:

The intern will be working on the Securities Evaluation Services (SES) team within the Supervision, Regulation and Credit department. The SES team focuses on topics related to fixed income securities. As such, we are looking for an intern that has great interest in the fixed income markets.

The intern will provide support on a with a wide range of efforts surrounding a database where the SES team stores fixed income information from examinations.  This database can provide valuable horizontal information back to examination teams. 

The selected intern can expect to:

• Cleanse the data
• Develop new templates used by SES analysts for examinations
• Study horizontal behaviors to generate presentations and products

The intern may also be asked to assist various projects related to Stress Testing related to the Securities and Fair Value Option models.

What You Have:

A rising junior or senior undergraduate, or master’s student pursuing a degree related to Finance, Economics, Statistics, or Data Science. Other fields related to quantitative finance are strongly encouraged to apply. 

Required Skills:

• Experience working with large data sets
• Familiarity with R and SQL

Preferred Competencies:

• Strong technical background
• 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 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 position, please email the Talent Acquisition team at TalentAcquisition@phil.frb.org.

We are an equal opportunity employer committed to hiring the best candidates and to providing equal employment opportunity to all persons without regard to race, color, religion, sex, pregnancy, national origin, age, genetic information, disability, military service, or any other basis protected by law.

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. If you need assistance or an accommodation due to a disability, please email us at TalentAcquisition@phil.frb.org.

All Federal Reserve Bank of Philadelphia employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if