Summer Intern, Supervision Regulation & Credit, Risk and Lending Behavior Research

CompanyFederal 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!
The Federal Reserve Bank of Philadelphia is seeking a PhD level or graduate student with preferred majors in Economics, Finance, or Public Policy.
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

What You Will Do:

You will support potentially more than one analytical project that aims at understanding banks’ risk taking and lending behavior within the RADAR (Risk Assessment, Data Analysis, and Research) team at FRB-Philadelphia. The projects will involve the usage of large datasets at the individual loan-level and thus requires strong data and analytical skills.

What You Have:

A master’s or PhD student pursuing a degree related to Economics, Finance, or Public Policy. Other fields related to the ones listed are also encouraged to apply. 

Required Skills: 

Experience in Python, Stata, and MS Office Suite

Preferred Competencies:

• 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

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.

You will be required to complete a background investigation including drug testing as a condition of employment, after the job offer is made. Candidates for positions deemed as "safety sensitive" will also be drug screened for the presence of marijuana. Any hiring decision based on a background investigation will be made following an individualized assessment that is job-related and consistent with business necessity and applicable law. 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.

Due to the nature of the information you will have access to, we require that you also complete a more in-depth enhanced background screening (Peraton moderate or high).

This position requires access to confidential supervisory information and/or FOMC 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 permanent residents must sign a declaration of intent to become a U.S. citizen when eligible to do so and pursue a path to citizenship. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position if they  sign a declaration of intent to become a permanent resident and a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo an applicable background check and comply with all applicable information handling rules.

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.

By applying to this position, you agree you will be available to work on-site in a full-time capacity.

Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.

Full Time / Part TimePart time

Regular / TemporaryTemporary

Job Exempt (Yes / No)No

Job Category

Work ShiftFirst (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 (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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