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Federal Reserve Bank of San Francisco · 1 day ago

Summer Intern - Supervision & Regulation - BSA / AML

Philadelphia, PA

Internship

Onsite

Intern

$28/hr - $32/hr

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that make up the Federal Reserve System. They are seeking a Summer Intern in Supervision & Regulation to assist with a research project focused on financial modeling and data analysis.

BankingFinanceFinancial Services

Responsibilities

The intern will be working on a research project to gain deeper understanding of the Y-14Q PPNR G2 Schedule and its underlying data structure

This project helps us to identify potential model improvements and refinement

The intern will engage with modeling teams to assess model assumptions, document findings, and provide recommendations

The intern can help to build up interest income for loans' model performance monitoring process, including back-testing, stability testing, etc

For the usage of non-confidential data to assess interest income spread modeling, the intern will be working on modeling the loan interest income rate spreads using Y-9C or call report

The focus is to explore how spreads vary across time and across portfolio, to explore correlations between spreads and macroeconomic indicators

Qualification

StataR programmingQuantitative skillsFinancial statements knowledgeRegulatory reporting knowledgeVerbal communicationWritten communicationProblem solvingAttention to detailOrganizational skillsIndependent workPresentation skills

Required

A master's or PhD student pursuing a degree related to Economics or Finance

Experience in Stata, R programming and MS Office Suite

Strong quantitative skills in areas of econometrics and statistics

Preferred

Knowledge of financial statements, or regulatory reporting (i.e. Call report, Y-9C, Y-14)

Verbal and written communication skills

Problem solving skills

Attention to detail is needed to make sure that the data work has been performed correctly

Organizational skills to annotate and document their work such that others can pick up where the project left off

Ability to work well independently with little supervision, the project manager will be available to assist

Strong presentation and communication skills to share what they have completed concisely and effectively

Company

Federal Reserve Bank of San Francisco

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We are the Federal Reserve Bank of San Francisco—public servants with a mission to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans.

Founded in 1913