- Communication Skills
- Machine Learning
Federal Reserve Bank of Chicago
Primary Location IL-Chicago
Full-time / Part-time Full-time
Employee Status Temporary
Overtime Status Non-exempt
Job Type Internship
Shift Day Job
Job Sensitivity Tier II - No Credit Check
Who we are:
Do you want to work for one of the most influential, trusted and prestigious financial institutions in the world? The Federal Reserve Bank of Chicago is one of the 12 regional reserve banks in the United States, along with the Board of Governors in Washington, D.C., that make up the nation’s central bank. The Seventh Federal District is made up of five states, which includes all of Iowa and most of Illinois, Indiana, Michigan and Wisconsin. The Seventh District comprises a considerable part of the nation’s manufacturing base – especially capital goods and consumer durables as well as production agriculture and food processing.
Internship Program Details:
The Federal Reserve Bank of Chicago Summer Intern Program is a paid internship that provides undergraduate, graduate and PHD students with the opportunity to gain valuable work experience at the Federal Reserve Bank. Through project oriented hands on assignments and professional development activities, interns receive a solid overview of the Fed while contributing to their designated Bank department.
The Summer Intern Program begins in June and continues for 12 consecutive weeks. Interns are expected to work 40 hours per week and assigned to one department for the summer.
As a part of the Summer Internship program, interns are expected to work on a group project during the course of the program.
October 2019 and onward – applications
Mid October 2019 and onward - Interviews
January – offers accepted
June 1, 2020 or June 8, 2020 – Start dates
Business Unit Description:
The RSD Data Analytics team provides innovative solutions to data analysis efforts within Supervision and Regulation helping into support the identification and prioritization of supervisory risks, leveraging the portfolio and risk specialists expertise, and ensuring clear communication and partnership across the Department, Bank, and System.
Building dashboards of key metrics supporting examinations
Building machine learning models to understand financial data.
Present data analytics results in a clear manner with a business focused mindset.
Learn about the FRS supervision process.
Participating in an AGILE work environment.
Senior or Graduate level student.
Data Science coursework within any of Economics, Statistics, Computer Science or other similar majors.
Practical experience with at one or more of: Python, R, SAS, SQL
Solid understanding of machine learning and statistics concepts to interpret model output.
Presentation and communication skills
If your internship requires school credit, please let the recruiter know if you are selected.
This position requires access to confidential supervisory 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, U.S. permanent residents who are not yet eligible to apply for naturalization and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so.
As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities, and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.