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Year Round (PhD) Intern, Stress Testing Net Revenue - Supervision & Regulation at Federal Reserve Board of Governors in Washington, Washington DC

Posted in General Business 30+ days ago.

Type: Full-Time





Job Description:

Minimum Education

E nrolled in a 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 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 a 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.The Ph.D. internship within the Division of Supervision & Regulation (S&R) provides graduate Ph.D. students the opportunity to collaborate with research economists and policymakers, conduct research towards their dissertation and contribute to the mission of the Board. We offer two six-month opportunities: an internship starting in the summer of 2024 with the Stress Testing Research, Modeling and Analysis (RMA) group and an internship starting in the winter of 2025 with the Policy Research and Analytics (PRA) group. This posting is for the position with the Stress Testing RMA group.

While at the Board, Ph.D. interns will:

  • Primarily focus on researching a topic of their own choosing, furthering dissertation research begun before the internship
  • Strengthen their oral presentation skills through hosting and presenting 1-2 seminars on their work
  • Build institutional knowledge and technical skills by engaging in policy work related to their interests
  • Work with confidential regulatory data collected within the division, if approved
  • Develop relationships and collaborate with Board economists, through which they will receive feedback on their work
  • Learn about preparing for the job market
  • Participate in our extensive seminar series

    Supervision & Regulation Division & RMA Group
    The successful candidate works alongside economists within the Division of Supervision & Regulation, specifically within our Stress Testing group. Economists in this group support related policy work while conducting research on a range of research areas, including but not limited to the economics of financial intermediation by banks and non-banks, and the implications on bank supervision and regulation, financial stability, and real economic activity.


    The RMA Group
    Stress Testing RMA is a group in S&R responsible for coordinating the system-wide efforts to implement and execute the Dodd-Frank Act supervisory stress tests. RMA group economists and analysts conduct research and facilitate key policy and technical decision-making on all issues related to the implementation of the supervisory stress tests, including overall framework, supervisory model development, scenario design, data collection, and infrastructure development.


    Internship Requirements
    Desired Degree Program or Coursework: Must be enrolled in an accredited graduate level program pursuing a Ph.D. in Economics, Finance, or a related field of study with a minimum 3.0 GPA. Preference is given to students at an advanced stage of writing their dissertation.


    Preferred Research Interests


  • Banking
  • Banking Regulation
  • Corporate Finance
  • Financial Risk Management
  • Financial Intermediation

    Anticipated Start Date & Term


  • July 2024 through the end of the calendar year.

    Required Documents for Application (attach prior to submission)


  • CV or Resume
  • Cover Letter (Please describe why you are interested in this position, as well as whether you have any specific project in mind)
  • Work from Thesis (ex: current drafts, presentation slides)
  • Unofficial Graduate Program Transcript
  • Contact Information (Name, Email, Phone Number) for Two Potential Letters of Recommendation

    Notes


  • Deadline to submit your application is March 24, 2024.
  • This position is open to candidates able to work in either a hybrid or remote capacity.
  • U.S Citizenship is required for all Board internships and applicants must be current students, graduating from their program Spring 2025 or later.




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