Summer 2025 Intern, Stress Testing- Research, Modeling, and Analysis - Division of Supervision and Regulation - R024655
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 17, 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 Team

The Research, Modeling, and Analysis (RMA) group in the Division of Supervision and Regulation is part of the National Stress Testing Program that conducts the Dodd-Frank Stress Tests of large and systemically important banking organizations operating in the United States. The Program is responsible for developing models and scenarios for stress testing bank portfolios to assess capital adequacy in times of economic and financial market stress.

The RMA group, consists of 3 sections: Market Risk, Credit Risk, and Net Revenue, which all support the goals of the Program by conducting relevant academic research in the areas of banking, economics, and finance. We also support the Program by doing policy work, such as developing economic and statistical models to measure risk in the bank portfolios. This position will n

About the Role

A summer intern will contribute in both of these core areas. In terms of:

• Research:
• Support an economist on a research project- work could range from conducting a literature survey of academic research on a topic, to doing data management and statistical analysis in support of an ongoing research project.
• Policy:
• Work on developing analytics and other monitoring tools to help the Program track emerging issues in the banking environment.

• Develop subject matter expertise in a core area of banking supervision, such as the bank revenue generating process, credit risk, or market risk.
• Become familiar with the research process, hone writing and analytical skills, and have the opportunity to interact with knowledgeable experts in the field.
• Develop proficiency in R, Stata, SQL, and other analytical tools necessary for processing economic and financial data.

Suggested Major/Minor: Economics, Finance, Statistics, or a related field of study.

Required Skills and Knowledge:

• Demonstrated quantitative skills and basic knowledge of statistics
• Knowledge of or demonstrated experience using R or Stata
• Open to learning new ideas and willing to read technical documents
• Ability to communicate effectively, both orally and in writing, to nontechnical audiences and be able to clearly articulate findings
• Strong interpersonal skills with the ability to work in a hybrid work environment

• Resume/CV (PDF Version)
• Cover letter detailing interest in the position and qualifications
• Copy of current unofficial transcript

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: R024655