Federal Reserve Bank (FRB)
Graduate Intern in Data Science – B (Finance)
Program Description:
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. Interns will gain exposure to and experience with the most important quantitative issues and challenges currently facing the regulatory and financial industries.
Interns will work with staff to build work products such as dashboards and reports that process large amounts of banking and macroeconomic data and synthesize it into a succinct risk assessment. Interns will develop production-quality code, assist in implementation testing, and support creation of technical documentation. Candidates with appropriate skill sets may also utilize advanced statistical techniques to analyze conditions in the banking sector, or across various industries or communities.
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 Minneapolis Fed and across the Federal Reserve System. Interns will receive coaching, training, and professional development as they engage in job duties. Upon completion of their graduate degree, Interns will have a strong basis of experience to inform a future career in quantitative finance in the banking sector.
Training and professional development components:
Required Qualifications:
Additional Preferred Qualifications (Not Required):
The Board of Governors of the Federal Reserve System mandates individuals authorized to access banking supervision and regulation Confidential Supervisory Information (CSI) must be "Protected Individuals", which covers two categories of persons: U.S. citizens or lawful permanent residents and other non-citizens who apply for citizenship within six months of becoming eligible and, if offered a position, will sign a Declaration of Intent to become a United States Citizen. This position is authorized to access CSI and as such requires the incumbent to be a Protected Individual.
A requirement of this position is that the employee must be fully vaccinated and received all approved boosters against COVID-19 or qualify for an accommodation from the Bank's vaccination policy; the Bank will provide accommodations as required by law for individuals unable to be vaccinated due to medical condition or sincerely held religious belief.
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.
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.