Summer Internship – Research Department – Regional (Onsite)

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 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 undergraduate, recent graduate, or graduate intern with a preferred major in Economics, Quantitative Social Science or History.  You must have experience and interests in both quantitative social sciences and history.  This opening will be onsite and may be eligible to work in a hybrid capacity on an as needed basis.  The work schedule is Monday – Friday (40 hour per week).  This is a 10-week paid internship. 

The salary grade for this position is as follows:

Undergraduate level student or recent graduate : $22.00 per hour.

Graduate level student or recent graduate: $26.00 per hour.

Final salary and offer will be determined by the applicant’s background, experience, and skills, and internal equity and alignment with market data

NOTE:  You will support 2 economists

Projects:

• You will support creating a database of vehicle registrations covering 1900-2019. The primary tasks include finding, researching, and requesting historical sources of vehicle data, digitizing these documents if not already digitized, and performing quality control and cleaning.
• You will create economic data to study housing affordability, particularly wages for public sector jobs.
• You support data construction for a project studying the reversal of the Chicago River.
• You may assist with other projects as needed.

Required Skills:

• Microsoft office suite fluency required.
• Knowledgeable with R, Stata, and/or Python preferred.
• Organization and attention to detail are essential.
• Sitting at a computer for long periods of time, potentially scanning documents and visiting archives

Preferred Competencies:

Good written and communications skills

Attention to details

Good organizational skills

Ability to work individually and with teams

Flexibility to manage multiple priorities

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 an onsite – hybrid opportunity.

• 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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