Company

Federal Reserve Bank of MinneapolisProgram Overview:
The Federal Reserve Bank of Minneapolis Graduate Intern Program in Data Science is intended to introduce full-time or part-time graduate students to the broader Federal Reserve System and, more specifically, the use of Data Science in the Banking Supervision function. Being at the forefront of overseeing the nation’s largest and most complex financial institutions is a unique opportunity that requires highly analytical and quantitative individuals.

The Intern Program provides an opportunity to work in an intellectually stimulating and collaborative environment, to engage in meaningful public service, and to interact with senior leaders at the Federal Reserve Bank of Minneapolis and across the Federal Reserve System. Interns will gain exposure to and experience with the most important quantitative issues and challenges currently facing the regulatory and financial industries. Interns will receive on-the-job mentoring and professional development as they engage in job duties.

Program Description:

• Learn to manage, manipulate, interpret, and analyze trends in large sets of data and methodology documents.
• Enhance knowledge in programming and the software development life cycle.
• Handle and summarize large amounts of macroeconomic and banking data.
• Become familiar with different metrics and measures that are used to evaluate the health of the banking system.
• Synthesize information and glean insights related to banking conditions around the country.
• Present technical issues to non-technical audiences and clearly articulate findings in verbal and written form.
• Utilize advanced statistical techniques to analyze conditions in the banking sector, or across various industries or communities.
• Participate in internal networking and mentorship opportunities with quantitative staff and leadership across the Federal Reserve System.

Required Qualifications:

• Currently enrolled and actively pursuing a graduate degree in a quantitative field such as (but not limited to) Computer Science, Data Science, Economics, Engineering, Finance, Mathematics, Physics, Statistics, etc.
• Strong academic record in MS or Ph.D. program.
• Knowledge of query languages such as SQL.
• Demonstrated experience with R or Python.
  • Code samples will be requested from selected candidates.
• Ability to work collaboratively within a team.
• Meet Protected Individual requirement.
• Able to work 40 hours per week throughout the duration of the 12-week internship program, starting in June 2024
• Strong preference will be given to local (Minneapolis/St. Paul and Helena metropolitan areas) candidates; remote work options to be considered on an exception basis.

Additional Information:

*This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements. In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a

U.S. citizen and pursue a path to citizenship.

*Hourly wage for this internship is $27.00 per hour. Hourly wage is based on qualifications/experience of the candidate, alignment with market data, the needs of the position, and internal equity.

Additional Preferred Qualifications (Not Required):

• Knowledge of R Shiny dashboard building and reporting experience using R Markdown.
• Knowledge of collaborative version control platforms such as GitLab.
• Knowledge of Finance and Banking.

*The Federal Reserve Bank of Minneapolis is committed to equal employment opportunity (EEO) for all persons in all aspects of employment, without regard to race, color, religion, national origin, sex, age, marital status, disability, sexual orientation, gender identity, or genetic information.

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

No

Job Category

Internship

Work Shift

First (United States of America)

The Federal Reserve Banks believe 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 Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Privacy Notice