Company

Location: Chicago (hybrid)
Majors: Business, Business Management, Economics, MIS

Job Description

Federal Reserve Financial Services (FRFS) Product Management team responsible for all aspects of the product development lifecycle and revenue management of identity and access management solutions.

A few job duties include: Data analysis, assistance with revenue and cost analysis, product lifecycle management, project coordination, intern capstone project coordination, product external opportunity identification

Who we are:

One of the most influential, trusted and prestigious financial institutions in the world. The Federal Reserve Bank of Chicago, serving five states, is one of the 12 regional reserve banks in the United States. The twelve banks along with the Board of Governors in Washington, D.C., make up the nations central bank.

What makes us unique? We are a regulatory bank. This internship gives you the opportunity to intern for a bank that supervises other banks.

Summer 2023 Intern Product Management Intern

Who we are:

One of the most influential, trusted and prestigious financial institutions in the world. The Federal Reserve Bank of Chicago, serving five states, is one of the 12 regional reserve banks in the United States. The twelve banks, along with the Board of Governors in Washington, D.C., make up the nations central bank.

What makes us unique? We are a regulatory bank. This internship gives you the opportunity to intern for a bank that supervises other banks.

Job Description

Federal Reserve Financial Services (FRFS) Product Management team responsible for all aspects of the product development lifecycle and revenue management of identity and access management solutions.

A few job duties include: Data analysis, assistance with revenue and cost analysis, product lifecycle management, project coordination, intern capstone project coordination, product external opportunity identification

This program provides students with the opportunity to gain valuable research experience, network with peers in the field, and to work side-by-side with our economists and research assistants to support research and policy work. The program is designed to help students develop quantitative analysis, critical thinking, and writing skills throughout the summer experience.

Summer projects typically ask interns to:

• Support economists in their basic and applied research inclusive of collecting data, conducting moderately complex statistical analysis, writing code for model estimations and organizing the presentation of results
• Assist with research and analysis of public policy issues and events
• Prepare a variety of charts, tables, and descriptive text for staffs and department management.

Internship Program Details:

The Federal Reserve Bank of Chicago Summer Intern Program is a paid internship that is open to undergraduate, graduate and PHD students. It begins in June and continues for 12 consecutive weeks. Interns work 40 hours per week and are assigned to one department.

These internships are ideal for students looking to build their research porfolios, who have a potential interest in graduate school, or who are considering applying for the Chicago Feds Research Assistant program after graduation. Economic Research Interns are given priority consideration for 2024 RA openings providing positive recommendations regarding performance throughout their internship experience.

Application Process:

• October 2022 and onward applications
• Mid November 2022 and onward - Interviews
• December 2022 offers accepted
• June 5, 2023 or June 12, 2023 Start dates

Job Requirements:

• Currently pursuing at least a Bachelors degree, graduating Fall 2023 or later, in economics, finance, or related field (e.g. statistics, computer science, mathematics, business)
• Show evidence of aptitude for quantitative and analytical skills
• Some exposure to data/programming languages (e.g. Stata, R, Matlab, Python, etc.)

**ALL APPLICATIONS MUST INCLUDE 1) A COVER LETTER, 2) RESUME, and 3) an UNOFFICIAL TRANSCRIPT**

Additional Requirements:

• All Federal Reserve Bank of Chicago employees must be fully vaccinated against COVID-19, unless the Bank grants an accommodation based on medical condition or sincerely held religious belief.
• Some of these positions may require the Supervision and Regulations specific requirements explained below. Applicants must be US Citizens or permanent residents with the intent to become US Citizens.
• As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Banks 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.

Other Requirements and Physical Requirements

This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.

Full Time / Part Time

Regular / Temporary

Job Exempt (Yes / No)

Job Category

Work Shift

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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