The Federal Reserve Bank of Philadelphia's Consumer Finance Institute (CFI) is seeking a paid Intern to work with our team. The hourly rate for this position is $21.00 per hour for undergraduate students, $25.00 for graduate students, and $28.00 for PhD level students.
Principal Duties and Responsibilities:
The Consumer Finance Institute seeks a well-trained and motivated research intern to support the written and statistical research output of its research fellows in a part-time capacity (with full-time possible during summer). Your primary responsibility will be to assist research fellows with empirical research into consumer finance topics and to report findings verbally and in written form for inclusion in research papers. You will gain experience querying, cleaning, and analyzing very large data sets. Candidates must be a junior or senior undergraduate student; a graduate student; or a recent BA/BS/MS graduate; or a PhD student in a quantitative discipline such as economics, computer science, engineering, mathematics, or statistics. Precise job role and work will be tailored to candidate's experience.
Qualifications/Requirements:
Candidates should have demonstrated research capacity as evidenced by research papers or research assistance employing statistical and/or econometric analysis. Successful applicants will have taken three or more courses in statistics, econometrics, and economics and should be familiar with statistical software such as Stata, R, or Python. Candidates should also be proficient with the MS Office suite. Experience with SQL or Spark a plus. The ideal candidate will be highly motivated; will possess strong oral and written communication skills.
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 "rb@myworkday.com". 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 TalentAcquisition@phil.frb.org.
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.
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 full 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. Applicants must be able to provide work authorization to prove their 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.
For summer and nearly full-time engagements, candidates should be able to work on site in a hybrid capacity (at least two days onsite a week). For part-time periods, onsite requirements are negotiable and flexibility is at the discretion of the hiring manager.
Learn more about the Philly Fed and its culture. Learn more about working for the Philly Fed.
To apply: Please upload your cover letter, resume, and transcript.
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