Summer Intern - Supervision & Regulation - Credit Risk Management

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 undergraduate professional with preferred majors in data analytics or finance/economics. This position may be fully remote, though a hybrid model where the intern comes into the office 2-3 times a week to work with the project manager and other 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 $22.00 per hour depending on the candidate's education.  

What You Will Do:  

The intern will be working as a team member and assist with multiple projects owned by the Securities Data Management Services (SDMS) team. The SDMS team is responsible for data management of third-party vendor data as well as pledged loan data for the Discount Window program. The intern will also have an opportunity to connect and collaborate with other members within the Collateral Data Support Team (CDST). 

The intern in this role will be given a package of datasets and be required to develop a deep understanding of the individual datasets as well as the relationships between data sets. Use cases will need to be developed to assist in the design of a data model for the package. The project involves exploratory data analysis (EDA), presentation of findings, data documentation, and application testing. As the Federal Reserve System is undergoing a mandatory cloud migration, the project will also involve the migration of several existing code and tools to be compatible with the team’s cloud solutions. 
 

What You Have: 

• An undergraduate student pursuing a degree related to data analytics, finance, or economics 

Required Skills: 

• Basic familiarity with Python is required and should be possessed at a data analyst level (will not be asked to write software applications but will use the language to perform EDA and automate testing and analytics functions) 

• Proficient in writing basic SQL queries and joining multiple tables is a requirement 
   

Preferred Competencies: 

• Strong verbal and written communication skills 

• Experience solving complex problems 

• Strong attention to detail

• Good organizational skills

• Ability to work well independently and with a team

• Strong presentation and communication skills to share findings concisely and effectively 
   

Additional Information:

• The Federal Reserve Bank of