Summer 2026 Intern, Stress Testing- Research, Modeling, and Analysis

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.

About the Team

The Research, Modeling, and Analysis (RMA) group in the Division of Supervision and Regulation at the Board of Governors of the Federal Reserve System (Board) is looking for a talented individual to work in our group as a 2026 Summer Intern. The RMA group is part of the National Stress Testing Program (Program) that conducts the Dodd-Frank Stress Tests of large and systemically important banking organizations operating in the United States. The Program is responsible for developing models and scenarios for stress testing bank portfolios to assess capital adequacy in times of economic and financial market stress.

The RMA group supports the goals of the Program by conducting relevant academic research in the areas of banking, economics, and finance. We also support the Program by doing policy work, such as developing economic and statistical models to measure risk in the bank portfolios.

About the Role

The intern will contribute in both core areas of the team. In terms of research, an intern can expect to support an economist on a research project. This type of work could range from conducting a literature survey of academic research on a topic, to doing data management and statistical analysis in support of an ongoing research project. In terms of policy work, an intern can expect to work on developing analytics and other monitoring tools to help the Program track emerging issues in the banking environment.

Upon successful completion of the program, an intern should:

Develop subject matter expertise in a core area of banking supervision, such as the bank revenue generating process, credit risk, or market risk. T

Become familiar with the research process, hone writing and analytical skills, and have the opportunity to interact with knowledgeable experts in the field.

Develop proficiency in R, Stata, SQL, and other analytical tools necessary for processing economic and financial data.

Suggested Major/Minors: Economics, Finance, or a related discipline

Required Skills/Experience:

• Possess quantitative skills and basic knowledge of statistics,
• Be open to learning new ideas and be willing to read technical documents,
• Communicate effectively, both orally and in writing, to nontechnical audiences and be able to clearly articulate findings,
• Be willing to be a part a cooperative and inclusive environment through strong interpersonal skills with the ability to work in a hybrid work environment.

Required Documents for Application

• CV or Resume
• Cover Letter
• Unofficial Transcript

Notes:

US Citizenship is required for all Board internships and applicants must be current students, graduating from their program Fall 2026 or later.

This internship must be completed in-person in Washington, DC.

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