Year-Round Intern, LISCC Recovery & Resolution - Division of Supervision and Regulation - R024651
Primary Location : DC-Washington
:
Employee Status : Temporary
Overtime Status : Non-exempt
Job Type : Internship : : : Relocation Provided: : No Compensation Grade Low: : FH Pay Grade 20 Compensation Grade High: : 22 Minimum Salary: : 50,600 Maximum Salary: : 68,900
Posting Date : Sep 6, 2024

Position Description

Minimum Education

Enrolled in an undergraduate or graduate degree program at an accredited university and returning to continue studies after the internship.

Minimum Experience

0

Summary

The Federal Reserve Board (Board) provides students opportunities for career success. The Board's Internship program is designed to provide valuable work experience for undergraduate and graduate students considering careers including, but not limited to, economics, finance and accounting, information systems, and data analysis. The Board believes that by combining academic endeavors with project-related work experience, qualified and capable college students can gain the practical knowledge need in a competitive global job market. Internships are paid positions with salaries commensurate with credit hours; internships may be in-person, remote or hybrid, depending on the needs of the team. Employment in the Board's internship program is granted to U.S. citizens. Applicants must be currently enrolled in an undergraduate or graduate degree program at an accredited university and returning to continue studies after the internship. Interns receive a syllabus or research project plan outlining their projects and goals for the internship. Interns are assigned a supervisor or mentor to guide them through their internship, and regular check-in meetings with their manager to manage performance expectations and assist with learning goals. Interns have access to a wide range of training programs and events for professional development purposes.

Position Requirements

About the Role

The mission of the LISCC Recovery and Resolution Preparedness Program (RRP) is to promote the resiliency of systemically important banks and minimize the impact of their distress or failure on the financial system. RRP Interns will gain exposure to the supervisory process of large financial institutions, through review of various reports, meetings, and assessments of firms’ capabilities to create recovery and resolution plans. The interns will work closely with members of the Board's RRP section; and occasionally other Board Divisions through cross over projects with RRP staff.
Responsibilities will include:
• Contributing to supervisory work in assessing LISCC firms’ resolution and recovery preparedness
• Performing quantitative and qualitative analysis related to resolution financial topics
• Participating in training opportunities on recovery and resolution

Requirements

Suggested Major/Education: Public Policy, Statistics, Accounting, Finance, Economics, or another related field of study

Required Skills/Knowledge:

• Strong analytical and critical thinking skills, including past use of statistical or modeling software
• Strong organizational skills and a demonstrated ability to manage multiple responsibilities
• Experience using R programming or Stata
• Demonstrated interest in AI/ML

• Anticipated Work Hours: During the summer, 40 hours per week; during the school semesters, 15-20 hours per week
• Anticipated Start Date: ASAP
• Anticipated Work Environment: This internship can be completed fully remote OR in a hybrid capacity in Washington, DC.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or application, membership, or service in the uniformed services.

Req ID: R024651