Community Development Research Intern - Homeownership

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.

The Federal Reserve Bank of Philadelphia is seeking a Graduate level student or a recent college graduate student for a summer internship in the bank’s Community Development Regional Outreach department. Students majoring in Economics, Public Policy, Urban Planning, and other related studies will be preferred. Internships are generally a 10-week program. This is a paid internship. Hybrid and remote candidates will be accepted. The work schedule is Monday – Friday (40 hour per week).

The hourly rate for this position is $25.00 per hour.

The job description below reflects the higher level of a dual grade job posting. Candidates who possess a slightly lower level of experience, education, or qualifications may also be considered.

Job Description:

You will support the department’s research projects related to community development, responsibilities include literature review, descriptive statistical analysis, and writing/editing draft reports on racial homeownership gap or other research projects.  You may also be responsible for assisting the department’s other ongoing research projects and events.  

Required Skills:

Experience with or familiarity of programming languages such as R, SAS, or STATA; experience of/familiarity with ArcGIS would be plus

Experience working with large datasets

Ability to write clearly and communicate technical concepts to lay audiences

Proficient in Microsoft Office Suite (Outlook, Excel, Word, PowerPoint)

Attention to detail, problem solving, and priority setting

Knowledge of or demonstrated interest in community development preferred

Other:

Sitting at a computer for long periods of time.

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 LGBTQ+ 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 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 you accepted an offer of Bank employment, you should raise this issue with the Recruiter for this posting, who can provide you contact information for our ethics officer if necessary. You should review the full Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

Background investigations and drug testing are required for all new hires as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be screened for the presence of marijuana. Employment may not begin until the Bank accepts the results of the background investigation.

All employees will be subject to FBI fingerprint / criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

Certain eligibility rules apply. Applicants must be able to provide work authorization to prove their eligibility to work in the United States.

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