Reserves, Credit, and Applications Intern

Federal Reserve Bank of Philadelphia • Boston, MA

6d • $18 - $36 • Onsite

About The Position

This internship is in the Reserves, Credit Risk Management and Applications function of the Supervision, Regulation, and Credit department. The Reserves, Credit Risk Management and Applications (RCA) unit is presently organized under the Supervision, Regulation, and Credit (SRC) Department and contributes to FRBB’s mission to promote sound growth and financial stability in New England by integrating Discount Window, counterparty credit risk, reserves, payment system risk, and regulatory applications work in a single unit. The RCA unit is seeking candidates interested in an opportunity to gain exposure to promoting financial stability through areas including credit risk management, operations and policy. This position is responsible for assisting with these functions through various operational and analytical assignments intended to assist in supporting a range of work streams.

Requirements

• Undergraduate or graduate student in business, finance, law, economics, or related field
• Strong experience with Excel, PowerPoint, Word, Acrobat
• Experience and skills related to fundamental financial analysis
• Strong attention to detail
• Strong communication skills
• Ability to work in a deadline driven environment
• Ability to multi-task on several ongoing projects
• Comfort level with learning new technology as utilizing internal applications will also be required
• All applicants must have been a US Citizen or a permanent resident who also resided in the United States for at least three (3) years.
• All employees assigned to this position 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.
• All candidates must undergo an enhanced background check and comply with all applicable information handling rules.

Nice To Haves

• Proficiency in Tableau, SQL, Python, R not required but beneficial

Responsibilities

• Assist with operational and analytical assignments to support a range of work streams.
• Work on projects related to workstreams across three of the four unit teams: Lending and Reserves, Strategy, and Counterparty Credit Risk.
• Data synthesis, analysis and presentation on both a business as usual (BAU) as well as ad-hoc basis to support credit risk decision making, financial analysis, improving BAU reporting (including senior management committee reporting) and ad-hoc informational requests.
• Provide administrative support.
• Perform quality reviews and projects related to records management in accordance with Federal Reserve guidance.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Education Level: No Education Listed