Sorry, this job is no longer accepting applications. See below for more jobs that match what you’re looking for!

Intern-It Majors: Data Science, Data Analytics And Information Sciences

Expired Job

Federal Reserve Bank Chicago , IL 60602

Posted 2 months ago

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 business 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.

Application Process

  • October 2018 thru November 2018 applications

  • Mid October 2018 and onward

  • Interviews
  • January offers accepted

  • June 3, 2019 or June 10, 2019 Start dates

General Skillsets:

  • An excellent academic record

  • Demonstrated leadership abilities

  • Strong critical thinking and analytical skills

  • Outstanding oral and written communication skills

  • Knowledge of Microsoft Office products including Word, Excel, PowerPoint

Preferred areas of study: Undergraduate/Graduate/PHD students studying Data Science, Data Analytics and Information Sciences

Intern Openings (Listed below are the specific internship openings available. Please apply to this posting if you are interested in any of the positions listed below).


  • Data Science (Graduate or PhD. candidates preferred)

The IT Districts Analytics group is an analytic group that provides advanced analytics services to the business lines across the Federal Reserve Bank of Chicago. Some of the types of machine learning projects that we have worked on include macroeconomics time series forecasting using recurrent neutral networks, risk classification of commercial bank loans using supervised and fraud analytics of wire and ACH data. While our group is small, we work on some of the most difficult problems within the Fed using advanced algorithms and technologies.

Responsibilities may include:

  • Develop predictive models using machine learning and deep learning

  • Program scripts ingest, clean and process structured and unstructured data

  • Meet with subject matter experts to understand their problem and define metrics for success

  • Research machine learning algorithms that can be applied to real0world problems

Intern Operational Risk Management (Supervision and Regulation)

The Operational Risk (OpsRisk) team of the Risk specialist Division (RSD) is primarily composed of experiences staff members with deep technical and analytical skills and/or extensive industry or supervisory experience. Staff members' competencies often are highly specialized and gained through a variety of means including within and outside the Fed. OpsRisk specialist analyze and report on key significant and emerging risk, financial industry issues and trends in areas that include: Data Governance, Regulatory Reporting, Accounting, Operational Risk Management, Information Technology, Information (Cyber) Security, Internal Audit, Third Party Risk Management, Bank Secrecy Act/Anti-Money Laundering (BSA/AML), Office of Foreign Assets Control (OFAC) and Governance & Controls. Our Specialist conduct horizontal analyses and identifies key trends related to specific risks across the Seventh District and the System. Our staff provides support to district and System examinations teams' initiatives and conduct research and development for related tools.

Responsibilities may include:

  • Performing all aspects of data analysis and reporting from sourcing, cleansing, normalizing and analyzing the data to visualizing the results

  • Document steps taken/processes followed to ensure analyses are reproducible

  • Prepare written commendatory to support data analyses to translate technical results and key findings to a non-technical-audience

  • Present findings and key results of data analyses to stakeholders ranging from immediate supervisor to Department Management

  • Assist team members and management in identifying key operational risks within individual financial firms, across the portfolio or District to assist in prioritizing supervision resources

Intern System Administration/IT Operations Analyst

Data Logging and Analytics (DLA) is the Federal Reserve Systems (FRS) enterprise capability for capturing, governing and analyzing data. Our mission is to strengthen the operational performance and information security posture if the FRS via 'single pane of glass' data analytics.

Responsibilities may include:

  • Assist with access and security control compliance reviews

  • Assist with service request (data ingestion) request documentation by ensuring the required data has been collected in order to proceed with request review assignment

  • Assist with daily system health reporting and escalation

Please note the US Citizen/Permanent Resident with Intent to become a US Citizen questions below only relate to the Supervision & Regulation department internships.

Additional Requirements:

Some of these positions may require the Supervision and Regulation specific requirements explained below:

Applicants must be U.S. Citizens or permanent residents with the intent to become a U.S. Citizen. 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 of 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.

See if you are a match!

See how well your resume matches up to this job - upload your resume now.

Find your dream job anywhere
with the LiveCareer app.
Download the
LiveCareer app and find
your dream job anywhere

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Data Science Analytics Manager

Mcdonald's Corporation

Posted 3 days ago

VIEW JOBS 11/13/2018 12:00:00 AM 2019-02-11T00:00 McDonald's is proud to be one of the most recognized brands in the world, with restaurants in over 100 countries and billions of customers served each year. We are a people business just as much as we are a restaurant business. We strive to be the most inclusive brand on the planet by building diverse teams who create delicious, feel good moments that are easy for everyone to enjoy. At McDonald's, we are dedicated to using our scale for good: good for people, our industry and the planet. We see every day as a chance to have a genuine impact on our customers, our people and our partners. We will continue to take on big, global initiatives while remaining great neighbors and supporters of our local communities. We are moving fast and are building a world class team to help us. This means that McDonald's is looking for innovators, leaders, sprinters who are focused on creating memorable experiences for our customers, employees and partners. Joining McDonald's means thinking big on a daily basis and preparing for a career that can have impact around the world. As a Data Science/Analytics manager on our Digital Experience Analytics team, you will translate advanced business analytics problems into technical approaches that yield actionable recommendations. You will develop models that enable the business to make data-driven decisions which increase top line sales as well as bottom line profit. You will work cross functionally with our marketing, insights, and finance functions to help optimize our digital cross channel strategy. * Shares complex information related to areas of expertise and/or to gain acceptance of new or enhanced business solutions. "Evangelizes" new ideas / solutions to gain acceptance from a wide range of audiences. * Develops business approaches and new or enhanced processes. * Develops algorithms to determine relevant products, offers, and content to display to users. Develops and maintains the end to end A/B testing plans including strategy, roadmap, and execution. Analyze search patterns and customer behaviors to inform strategies * Integrates machine learning techniques for continuous improvement of results. * Leads personalization efforts by incorporating customer models and app data. * Guides and mentors a wide range of audiences. May provide subject matter expertise to the business. May participate in teaching and training members of the work team. Mcdonald's Corporation Chicago IL

Intern-It Majors: Data Science, Data Analytics And Information Sciences

Expired Job

Federal Reserve Bank