Job Description

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 a PhD level or graduate student with preferred majors in economics, finance, statistics, or other related fields. This opening is hybrid which has the intern come into the office 2-3 times a week to work with the project manager and 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 $26.00-$30.00 per hour depending on the candidate's education.  

What You Will Do:  

The intern will assist on projects with ongoing research in the areas of consumers finance, banking, and the Discount Window. The intern will also support ongoing development and maintenance of financial institution supervisory risk early warning statistical models. The intern’s work will focus on enhancing existing models and tools and provide support towards addressing model validation questions and findings. 

What You Have:  

• Graduate or PhD level student studying economics, finance, statistics, or other related fields

• Economics research experience 
  
   

Required Skills:  

• Experience with SAS, R, Python, or Stata 

• Experience usingeconometrics methodologies
  
   

Preferred Competencies:  

• Written and oral communications skills 

• Presentation skills 

• Takes initiative 

• Creativity 

• Problem solving skills 

• Strong attention to detail 

Other Requirement: This position requires access to confidential supervisory information, which is limited to “Protected Individuals” as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship. In addition, all candidates must undergo an applicable background check and comply with all applicable information handling rules.

Additional Information:

• The Federal Reserve Bank of Philadelphia takes your information privacy seriously. Federal Reserve Bank of Philadelphia staff will only email you from the “@phil.frb.org” domain or through the Workday system “[email protected]”. If you are initially contacted by phone, feel free to request that the caller provide you with their email address to validate their identity. If you have any questions about the validity of someone who contacts you regarding this position, please email the Talent Acquisition team at [email protected].
• We are an equal opportunity employer committed to hiring the best candidates and to providing equal employment opportunity to all persons without regard to race, color, religion, sex, pregnancy, national origin, age, genetic information, disability, military service, or any other basis protected by law.
• 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. If you need assistance or an accommodation due to a disability, please email us at [email protected].
• 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 Bank's Employee 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. You will provide work authorization to prove your eligibility to work in the United States.
• The above statements are intended to describe the general nature, level of work and the requirements of this position. They are not intended to be an exhaustive list of all responsibilities associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
• This is NOT a 100% remote opportunity. You will be available to work on-site in at least a hybrid capacity.
• Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed. 

Full Time / Part Time

Part time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

No

Job Category

Work Shift

First (United States of America)

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers () or through verified Federal Reserve Bank social media channels.

Job Tags

Hourly pay, Permanent employment, Full time, Temporary work, Part time, Bank staff, Summer internship, Shift work, Monday to Friday,

Similar Jobs