Summer Intern - Supervision & Regulation - Credit Risk Management

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Philadelphia, PA, USA
In-Office
Fintech • Payments • Financial Services
The Role

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!
Job Summary:
The Federal Reserve Bank of Philadelphia is seeking an undergraduate professional with preferred majors in data analytics or finance/economics. This position may be fully remote, though a hybrid model where the intern comes into the office 2-3 times a week to work with the project manager and other 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 $22.00 per hour depending on the candidate's education.  

What You Will Do:  

The intern will be working as a team member and assist with multiple projects owned by the Securities Data Management Services (SDMS) team. The SDMS team is responsible for data management of third-party vendor data as well as pledged loan data for the Discount Window program. The intern will also have an opportunity to connect and collaborate with other members within the Collateral Data Support Team (CDST). 

The intern in this role will be given a package of datasets and be required to develop a deep understanding of the individual datasets as well as the relationships between data sets. Use cases will need to be developed to assist in the design of a data model for the package. The project involves exploratory data analysis (EDA), presentation of findings, data documentation, and application testing. As the Federal Reserve System is undergoing a mandatory cloud migration, the project will also involve the migration of several existing code and tools to be compatible with the team’s cloud solutions. 
 

What You Have: 

  • An undergraduate student pursuing a degree related to data analytics, finance, or economics 

Required Skills: 

  • Basic familiarity with Python is required and should be possessed at a data analyst level (will not be asked to write software applications but will use the language to perform EDA and automate testing and analytics functions) 

  • Proficient in writing basic SQL queries and joining multiple tables is a requirement 
     

Preferred Competencies: 

  • Strong verbal and written communication skills 

  • Experience solving complex problems 

  • Strong attention to detail

  • Good organizational skills

  • Ability to work well independently and with a team

  • Strong presentation and communication skills to share findings 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.
  • 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 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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The Company
Kansas City, MO
2,289 Employees

What We Do

This page is dedicated to Federal Reserve System career and employment related information only. Comments not pertaining to Fed recruiting will be removed. The Fed - Make a world of difference in the global economy OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government. OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward. Why Our People Choose Us: Our reputation precedes us There will always be room for personal growth Our people are first You’ll find the right balance Your responsibilities will be meaningful We hope that you will be our future colleague. Find your preferred locations around the United States and explore the breadth of opportunity available at the Federal Reserve. Atlanta https://www.frbatlanta.org/ Boston http://www.bostonfed.org/ Chicago https://www.chicagofed.org/ Cleveland https://www.clevelandfed.org/ Dallas http://dallasfed.org/ Kansas City https://www.kansascityfed.org/ Minneapolis https://www.minneapolisfed.org/ New York http://www.newyorkfed.org/ Philadelphia https://www.philadelphiafed.org/ Richmond https://www.richmondfed.org/ San Francisco http://www.frbsf.org/ St. Louis https://www.stlouisfed.org/ Board http://www.federalreserve.gov/

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