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2024 Data Insights and Analytics Summer Internship

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Data Science
Multiple locations
Posted on Monday, September 18, 2023

Company

Federal Reserve Bank of San FranciscoThe Federal Reserve Bank of San Francisco believes in the diversity of our people, ideas, and experiences and our committed to building inclusive culture that representative of the communities we serve.



FEDERAL RESERVE SYSTEM OVERVIEW

The Federal Reserve Bank’s mission and work are built on over hundred years of strength, stability, and excellence. No other organization does what we do or has a greater impact on global economies. Our mission is to promote low inflation, full employment, and financial stability as well as provide services to financial institutions and the Treasury.



FEDERAL RESERVE BANK OF SAN FRANCISCO OVERVIEW

The Reserve Bank of San Francisco is one of twelve Reserve Banks responsible for setting the nation’s monetary policy, serving the as the fiscal agent for the United States Treasury and supervising banking institutions, ensuring their stability and compliance with banking regulations. Our headquarters are in San Francisco, CA serving the largest geographic district within the Federal Reserve System. With Branches offices in Los Angeles, Seattle, Portland, Salt Lake City, and Phoenix.



SF FED INTERN PROGRAM OVERVIEW

Invest in your future and consider joining the SF Fed Intern Program. Our paid internship program will offer you the opportunity to work on projects that supports the Bank’s business and impact the United States economy.



GROUP/DEPARTMENT OVERVIEW

Do you have a passion for data? Are you curious about monetary policy and regulation of banking organizations? If so, an exciting opportunity as a Data Insights + Analytics intern awaits you!

The Data Insights + Analytics Group are data storytellers who meaningfully inform the decision-makers that drive the financial health of our nation's economy. We champion data quality through innovative solutions, timely reporting, tech automation, and collaborative support of the Twelfth District and our System partners. As an intern, you will draw upon your knowledge of finance, accounting, economics, and data analytics to collaborate with a dynamic team whose primary focus is to ensure that data collected are fit for its intended use by the Board of Governors and other stakeholders.



POSITION/PROJECT OVERVIEW

This internship role will primarily work on a data analysis project to enhance our quality assurance activities. The project involves interacting with financial, structure, and/or reserves data using a variety of tools, emerging technologies, or new methodologies. The focus is to identify inconsistencies, trends, and/or anomalies that provide improved data quality and value-added contextual information. There will also be opportunities to participate in data analytics projects that support the Group, the District, and the Statistics and Reserves business lines.

KEY RESPONSIBILITIES

Once you are here, you’ll help process, analyze, and report on data to ensure quality, timeliness, and conformity with accounting principles and regulatory requirements by:

  • Using internal Federal Reserve tools to collect data for certain financial, monetary, structure, and bank credit reports

  • Responding clearly and knowledgeably to external and internal requests for information, including providing reporting guidance to institutions and explanatory information regarding unusual data findings to stakeholders

  • Using Excel, R, and/or Python to automate certain processes

REQUIREMENTS:

  • U.S. Citizen or Permanent Residency

  • Currently a junior or senior enrolled in a 4-year bachelor’s degree program

  • Ability to work 40 hours week throughout the duration of the approximately 10 - week internship program.

PREFERRED SKILLS:

  • Pursuing a degree in economics, finance, accounting, statistics, data science, or related field

  • Experience with analyzing data sets

  • Familiarity with financial statements (balance sheet, income statement, etc.)

  • Ability to work collaboratively, think critically, meet deadlines, and communicate effectively

  • Proficient use of Excel (graphs, pivot tables, etc.)

  • Knowledge of R, Python, Power BI, or Tableau is a plus

Hourly Range: Min: $22.00 - Mid: $24.00 - Max: $28.00 (Location: San Francisco)

Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and alignment with market data.

The Federal Reserve Bank of San Francisco is an Equal Opportunity Employer.

Full Time / Part Time

Part 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.

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