Summer Intern, Supervision Regulation & Credit, Gen AI

Federal Reserve System • Philadelphia, PA

3d • $28 - $32 • Onsite

About The Position

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.

Requirements

• 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.
• Experience in Python, Stata, and MS Office Suite.

Nice To Haves

• 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

Responsibilities

• 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 This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Number of Employees: 501-1,000 employees