Summer Intern - Supervision & Regulation
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 or Finance. 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
Requirements
- A master’s or PhD student pursuing a degree related to Economics or Finance. Other fields related to the ones listed are also encouraged to apply.
- Experience in Stata, R programming and MS Office Suite.
- Strong quantitative skills in areas of econometrics and statistics
Nice To Haves
- Knowledge of financial statements, or regulatory reporting (i.e. Call Report and FR Y-9C)
- Verbal and written communication skills
- Problem solving skills
- Attention to detail is needed to make sure that the data work has been performed correctly
- 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
- You will be working on a research project to better understand bank holding company projections of interest income on loans.
- The project will help identify cross-institution patterns and institution-specific idiosyncrasies that can help improve understanding of the factors that drive interest income on loans.
- The intern will engage with other staff using similar datasets to understand the issues, document findings, and provide recommendations that can support future modelers.
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What This Job Offers
Job Type
Full-time
Career Level
Intern
Number of Employees
501-1,000 employees
