Year-Round Graduate Intern 2025, Technology Lab - RBOPS - R024701

Primary Location : DC-Washington

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Employee Status : Temporary

Overtime Status : Non-exempt

Job Type : Internship

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Relocation Provided: : Yes

Compensation Grade Low: : FH Pay Grade 22

Compensation Grade High: : FH Pay Grade 22

Minimum Salary: : $33.65/hr

Maximum Salary: : $33.65/hr

Posting Date : Sep 12, 2024

Minimum Education

Enrolled 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.

About the Team & Internship

The RBOPS Technology Lab (TechLab) delivers expertise on payment innovations to Federal Reserve decision makers by researching and conducting hands-on experimentation with technologies broadly relevant to payments, clearance, and settlement. The year-round TechLab intern will support the team’s ongoing payment technologies research work. Potential projects would focus on topics such as blockchain technology, digital assets, artificial intelligence and machine learning, and data analysis. Specific projects will depend on the intern’s knowledge and academic areas of interest. The TechLab expects that the year-round intern will contribute written work and some code product (i.e., Python, R, or JavaScript) as part of their assignments.
Expected Start Date:  January 2025, continuing through at least the end of the summer.
Expected Hours:  20 hours/week during school year, 40 hours/week during summer
Qualifications/Requirements

• U.S. citizenship required
• Currently enrolled in a graduate degree program, or will be enrolled by the time the internship begins and graduating no earlier than August 2025.
• Seeking a degree in economics, mathematics, computer science, operations research, financial engineering, or other quantitative discipline
• Required Skills and Knowledge: Ability to conduct and produce high-level research, demos, and presentations. Familiarity with at least one programming language (Python, Java, R, C /#, etc.) Experience with at least one operating system (Linux, Ubuntu, Windows, etc.)
• Analysis: Business, Communcation, Network, Programmer, Research
• Applications: MS Office Suite, SharePoint
• Programming: C#/ , Java/JQuery
• Preferred Skills: Experience with different machine learning algorithms or statistical methods. Previous experience with AWS products (EC2, CodeCommit, etc.) and blockchain networks (Ethereum, Solana, Hyperledger, etc.) 
  
• Must be committed to working a 40-hour work week for 10-12 weeks during summer 2025

Competencies/Learning Objectives: Develop expertise in emerging technologies related to payment systems and financial services. Gain a working knowledge of different technical and statistical methods commonly used in both current and future payment systems. Develop proficiency in one or more programming languages or operating systems. 
Qualifications/Requirements

• U.S. citizenship required
• Currently enrolled in a graduate degree program, or will be enrolled by the time the internship begins and graduating no earlier than August 2025.
• Seeking a degree in economics, mathematics, computer science, operations research, financial engineering, or other quantitative discipline
• Required Skills and Knowledge: Ability to conduct and produce high-level research, demos, and presentations. Familiarity with at least one programming language (Python, Java, R, C /#, etc.) Experience with at least one operating system (Linux, Ubuntu, Windows, etc.)
• Analysis: Business, Communcation, Network, Programmer, Research
• Applications: MS Office Suite, SharePoint
• Programming: C#/ , Java/JQuery
• Preferred Skills: Experience with different machine learning algorithms or statistical methods. Previous experience with AWS products (EC2, CodeCommit, etc.) and blockchain networks (Ethereum, Solana, Hyperledger, etc.) 
  
• Must be committed to working a 40-hour work week for 10-12 weeks during summer 2025

Required Documents for Application (upload prior to submission): resume, cover letter, & unofficial transcript

Intern Benefits

• Access to LinkedIn Learning & R programming courses
• Professional development and networking opportunities
• Flexible schedule
• Dining options on-site
• On-site fitness center
• Public transit benefits

Location: must be in the office a minimum of 6 days/month, aligning with the division's requirements.

Learn more about our internship program: https://www.federalreserve.gov/careers-internships.htm