Federal Reserve Board of Governors
Summer Intern 2022 - Stress Testing Modeling & Analysis - Division of Supervision & Regulation (Finance)
The summer intern will refine and automate analytics used by senior leaders to vet the models and/or the ongoing results of the stress test.. This will involve refining charts, tables, or other summaries based on an ad hoc guidance received from senior members of the Stress Testing Function. Interns successful in this effort may also have the opportunity to assist in longer-run model research projects geared towards 2023-2024 implementation.
Over the course of the internship, the student will:
- improve their general quantitative research skills
- increase their general subject matter knowledge of banking and banking risk analysis
- gain additional knowledge of how risk practitioners use models outside of academia
- learn how to highlight key relationships between variables in a quantitative model
- become skilled at manipulating and merging real-world data more complicated than those typically used for practice in a classroom or educational setting
- further develop general R programming skills and write clean code with future users in mind
- participate and learn about the bank supervisory process
While completing each of the above learning objectives, a student will gain experience that will help determine if a career in quantitative financial analysis and/or financial institution supervision would be of potential interest upon graduation.
The candidate should be skilled in programming in R to manipulate data and produce tables and graphics in R. The candidate should be able to write clean, modular code that others can read and re-use, be comfortable working with and exploring very large data sets, and possess basic knowledge of the financial and banking industry, basic knowledge of financial accounting, and basic knowledge of various financial markets and products. The candidate should also have good writing skills.
Minimum level of education desired: College Junior
This internship can be completed virtually.
The selected candidate must complete the required background investigation prior to starting in this role. Note: This may impact the amount of time between offer acceptance and a start date. If selected to interview, your recruiter will review the typical timeline and process in more detail.
US Citizenship is required for all Board internships and applicants must be current students, graduating from their program fall 2022 or later.