Summer 2025 Intern – Data Analytics Intern (OIG) - R024686

Primary Location : DC-Washington

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Employee Status : Temporary

Overtime Status : Non-exempt

Job Type : Internship

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Relocation Provided: : No

Compensation Grade Low: : FH Pay Grade 20

Compensation Grade High: : FH Pay Grade 20

Minimum Salary: : $25.58

Maximum Salary: : $39.42

Posting Date : Sep 12, 2024

Minimum Education

Enrolled in an undergraduate or 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 undergraduate and 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 an undergraduate or 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.

Principal Duties and Responsibilities
The Board of Governors of the Federal Reserve System’s (Board’s) Office of Inspector General conducts audits and evaluations of the Board and the Consumer Financial Protection Bureau (CFPB’s) programs and operations to assess and promote economy, efficiency, and effectiveness in these programs and operations while helping to prevent and detect fraud, waste, and abuse. The Data Analytics (DA) section uses various software tools, such as ACL, Monarch, Tableau, Python, and R, to perform detailed analyses of Board and CFPB databases that support OIG audits and investigations and the DA section’s forensic evaluations and risk assessments of Board and CFPB programs and operations. The Data Analytics Intern will assist DA teams in providing support to OIG audits and investigations and in conducting forensic evaluations and risk assessments of Board and CFPB programs and operations.

• Assists as a team member in providing support to OIG audits and investigations and in conducting forensic evaluations, risk assessments, or other reviews.
• May support the team in conducting its planning activities for the applicable review to establish the appropriate objectives, scope, and methodology, which is a key preliminary step in our reviews.
• May interface with other Board division representatives, Reserve Bank officials, or CFPB officials while executing roles and responsibilities.
• Assists in data gathering and helps determine how the information will be reviewed. Assists in developing and/or modifying methods to ensure thorough and accurate data analysis is performed.
• Assists in preparing workpapers in support of the team’s reports/memorandums that are timely, well written, complete, and supportive of data analysis performed.
• May assist in developing applications and automated queries to analyze and evaluate data to determine patterns, trends, recurring events, control weaknesses, and anomalies in support of audits, evaluations, investigations, and other reviews.
• Participates in message development presentations to senior management. These presentations provide senior management with the opportunity to evaluate the appropriateness of findings and message(s) resulting from the review.

Find out more about the OIG:

• What We Do - https://oig.federalreserve.gov/it-what-we-do.htm
• Data Analytics - https://oig.federalreserve.gov/data-analytics.htm 
• FAQs - https://oig.federalreserve.gov/faq-about-oig.htm#information-technology

Suggested Major(s)/Minor(s): Information technology, computer science, or related fields, either graduate or undergraduate.
Required Skills and Knowledge:

• Strong oral and written communication skills, data analysis skills, as well as intellectual curiosity and professional skepticism.
• Strong and highly adaptable problem solving skills.

Required Documents for Application: Resume, two letters of recommendation required.
Location: This internship will be hybrid, with 1–2 on-site days per week. 
US Citizenship is required for all Board internships and applicants must be current students, graduating from their program fall 2025 or later.
Keywords: #OIG, #CIGIE, #FRB, #data analytics, #data mining, #data literacy, #information technology, #AI, #Generative AI, #NLP, #Python, #ACL, #Tableau, #Power BI, #Monarch, #R programming
Learn more about our internship program: https://www.federalreserve.gov/careers-internships.htm