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The Stress Testing Research section in the Division of Supervision and Regulation conducts research and analysis that informs model and policy developments relating to the Federal Reserve’s stress testing program. The stress testing program consists of a set of forward-looking exercises intended to ensure that the largest financial institutions in the U.S. have sufficient capital to absorb losses and to continue to support operations during adverse economic conditions. The section economists have an active research agenda and work on research topics that vary from analyzing the impact of the COVID-19 pandemic to testing whether bank supervision affects credit to evaluating factors that lead to wealth inequality.
The summer intern in the Stress Testing Research section of the Division of Supervision and Regulation will collaborate with section Economists and Research Assistants (RAs) on a variety of policy-relevant research projects. The intern will work closely with section staff to analyze, interpret, and present data using R, Stata, or SAS. Stress Testing Research interns use and further develop their technical skills and their understanding of banking, finance, and economics. We work extensively with a variety of programming and statistical packages and provide training and assistance in developing proficiency.
Over the course of the summer internship, the student will:
– improve their programming skills (in R, Stata, or SAS)
– gain insight into economic analyses and interpretation
– become familiar with a variety of research topics
– and have an opportunity to contribute to a research paper or a policy project
While completing the above objectives, the student will gain experience with programming languages, analyzing, handling, and organizing data, and will have an opportunity to participate in original research. We hope this experience will help the student to determine if a career in research and economic policy would be of interest upon graduation.
Minimum level of education desired: College Junior
Suggested Majors: Computer Science, Mathematics, Statistics, Economics, Finance, Business, Public Policy
Required Skills: Experience with R, Stata, or SAS or another analytical/statistical software.
Preferred Skills: Experience with R
This internship can be completed virtually. The selected candidate must complete the required background investigation prior to starting in this role. Note: This may impact the amount of time between offer acceptance and a start date. If selected to interview, your recruiter will review the typical timeline and process in more detail.
US Citizenship is required for all Board internships and applicants must be current students, graduating from their program fall 2022 or later.
Full vaccination is required as a condition of employment, unless a legally required exception applies.