Summer Intern, Supervision Regulation & Credit, Gen AI

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!

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 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:
$28.00- graduate level student
$32.00 - PhD level student

Intern Projects:

The RADAR (Risk Assessment, Data Analysis, and Research) team at FRB-Philadelphia is exploring ways to leverage Gen AI to advance its data and analytics work.  The intern will assist with this work by creating AI update reports, prompt testing, project coordination, creating training materials and documenting usage of internal tools.

What You Will Do:

• Report Building for AI Updates: Weekly reports on open-source AI updates that the team can incorporate.
• Prompt Engineering Evaluation: Testing how prompt variations impact results at scale. The intern will conduct systematic A/B testing of prompt components to optimize accuracy.
• Project Coordination Support: Handle administrative tasks including scheduling, note-taking, JIRA updates. Facilitate communication across teams to maintain project momentum.
• Adoption & Training Facilitation: Create announcements, training materials, user onboarding resources, and department-specific guides to drive engagement.
• Technical Documentation: Apply Python knowledge to understand and document internal tools and to improve accessibility of MartinAI documentation for broader team usage.

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: 

Experience in Python, Stata, and MS Office Suite.

Preferred Competencies:

• Verbal and written communication skills 

• Problem solving skills 

• Strong attention to detail 

• 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