Summer Internship - SRC Risk Analytics & Surveillance

262900 Requisition #

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.


The Federal Reserve Bank of Philadelphia is seeking an undergraduate senior or graduate level or Ph.D. level college student for a summer internship in the Risk Analytics & Surveillance group in the Supervision, Regulation & Credit business unit.  The intern will support the ongoing development of any warning model for banks' consumer compliance risk.  This model has been identified as a department high priority objective.  The intern work will mainly focus on enhancing the current model using text mining to extract additional risk drivers from exam reports and testing the impact of such independent variables on model performance; testing other specifications in order to improve model fit; enhancing the Random Forest specification of the model.   The intern will also assist the team with other ongoing analytical and modeling work.



Required Skills:


  • Proficiency in SAS, R, Python, STATA

 Preferred Skills:


  • Research experience is preferred
  • Good written and oral communication skills
  • Good presentation skills
  • Good initiative and creativity
  • Good problem solving skills
  • Good attention to detail
  • Good organization skills
  • Interest in text mining, machine learning and artificial intelligence applications for statistics and econometrics


Certain eligibility rules apply.




Background investigations including drug testing are required for all new hires as a condition of employment, after the job offer is made.   Employment may not begin until the Bank accepts the results of the background investigation.



The Federal Reserve Bank of Philadelphia believes that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop, and retain the most talented people from a diverse candidate pool. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.










Applicants must be able to provide work authorization to prove their eligibility to work in the United States.  An applicant for employment also must be a U.S. Citizen, U.S. National or hold a permanent resident/green card with intent to become a U.S. Citizen.


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