Summer 2025 Intern, Policy Planning and Strategy - Division of Supervision and Regulation at Federal Reserve Board of Governors in Washington, Washington DC

Job Description:

Minimum Education

E nrolled in a graduate degree program at an accredited university and returning to continue studies after the internship.

Minimum Experience

0

Summary

The Federal Reserve Board (Board) provides students opportunities for career success. The Board's Internship program is designed to provide valuable work experience for graduate students considering careers including, but not limited to, economics, finance and accounting, information systems, and data analysis. The Board believes that by combining academic endeavors with project-related work experience, qualified and capable college students can gain the practical knowledge need in a competitive global job market. Internships are paid positions with salaries commensurate with credit hours; internships may be in-person, remote or hybrid, depending on the needs of the team. Employment in the Board's internship program is granted to U.S. citizens. Applicants must be currently enrolled in a graduate degree program at an accredited university and returning to continue studies after the internship. Interns receive a syllabus or research project plan outlining their projects and goals for the internship. Interns are assigned a supervisor or mentor to guide them through their internship, and regular check-in meetings with their manager to manage performance expectations and assist with learning goals. Interns have access to a wide range of training programs and events for professional development purposes.Policy Planning coordinates and manages contributions to domestic and international working groups, analyzes longer-term fundamental shifts in the policy environment, and keeps policy leaders informed on forward-looking topics.

Primary responsibilities of the role:
* Help build the technical infrastructure that provides the ability to identify topics and trends that may have a medium-term impact on banks, the broader economy, and international coordination.
* Collaborate within the Section to develop techniques to more rapidly visualize impactful results.
* Develop repeatable data analyses, visualizations, or workflow automation routines to identify signals of change in the economic, social and technological environment by integrating data from outside sources, sectors, and fields.
Learning objectives for the intern:
* Direct application of data science and data visualization tools to the policy making process
* Use NLP tools to process large amounts of text data, extract key topics, and produce relevant charts and visualizations
* Understanding of S&R strategy and workflow
* Exposure to S&R policy leaders

Significant Coursework in Computer Science, Data Science, Mathematics, Statistics, Economics, or Statistics, Economics, or a related field. * Coursework in Economics, Finance, and Public Policy are a plus. Key competencies: * Must be proficient in at least two of the following programming languages: Python, R, or Stata. * Experience building natural language processing (NLP) tools, accessing structured and unstructured data via application programming interfaces (APIs) and/or web scrapping technology, and leveraging NLP and/or generative artificial intelligence for data analysis are all a plus. * Demonstrated experience in building visualizations, including dashboards, interactive websites, and/or standalone reports. * Experience creating and evolving physical and logical data models; creating diagrams and technical documentation; contributing to the development of data management and governance practices; and expanding data security and privacy controls.
Preference for a college senior or graduate student pursuing a quantitative degree.