Company/Organization: The Volcker Alliance

Description:

In 2013, the Volcker Alliance and the Yale Program on Financial Stability jointly launched a multi-pronged project focused on financial regulation. The project broadly aims to develop recommendations to improve the implementation of financial regulation. The Volcker Alliance is exploring how the United States financial regulatory agency structure can be modernized and made more responsive to the dynamic needs of the American and world economies. The ultimate objective is to reduce the possibility that the problems caused by inconsistencies, loopholes, and ineffectiveness experienced in the past will reoccur in the future. The objective of the Volcker Alliance project is to identify a financial regulatory framework that can adapt and respond to the need to maintain a stable financial system environment while encouraging healthy competition and useful innovation among different financial products and a variety of financial providers. In seeking to achieve this objective, the Volcker Alliance will be concerned with the five major federal regulators of banks and securities firms, but also give attention to other financial service providers and their business practices. In making its analysis the Volcker Alliance will explore the benefits from financial agency consolidation, including improvements in the implementation and administration of the Dodd-Frank Act. The Alliance will release a report detailing the challenges of financial regulation and propose ways to improve the overall implementation of financial regulation. The Research Intern’s primary responsibility will be to research and analyze specific aspects of the federal financial regulatory system, and to draft summary memorandums or reports. In addition to working with the Volcker Alliance team, the Research Intern may work with staff of both the Yale Program on Financial Stability as well as other external partners and experts. The Research Intern will support the Project Manager to produce a final report, with a detailed set of recommendations, for completion in 2014. The project may also involve follow-up steps to support implementation of the recommendations in the report.

Qualifications:

Knowledge of federal financial regulatory structure and operations;
Candidate for advanced degree in economics, finance, business, statistics, public administration, public policy, or related topics preferred;
Between three to eight years of work experience preferred, in positions with research responsibilities and/or responsibilities related to finance and/or financial regulation;
Excellent research and writing skills;
Strong data and statistical analysis skills desirable;
Hard-working and able to deliver written products on deadlines;
Willingness to work primarily on-site, and potentially to travel to New Haven or Washington, D.C. on occasion; and
Poised, personable, and willing to adapt to changing circumstances in a start-up atmosphere.
The Research Intern, Financial Regulation position ideally would extend from early summer through the fall semester, with the possibility of contract renewal in 2015. Candidates should be available to work 15-40 hours per week over the course of six to seven months, beginning in May or June, 2014. The Research Intern’s exact schedule of work will be determined by their schedule of other commitments and project demands.

Additional Info:

The Volcker Alliance is seeking a paid part-time or full-time Research Intern, Financial Regulation. The position is based in New York City and reports the Project Manager, Financial Regulation. Current graduate students in relevant fields of study are strongly encouraged to apply. The Volcker Alliance was launched in 2013 to address the challenge of effective execution of public policies and to rebuild public trust in government. As a nonpartisan organization, the Volcker Alliance aims to catalyze new thinking and action with respect to federal, state, and local government in the U.S. and abroad. Working in partnership with educational institutions, governmental organizations, businesses, and public interest enterprises, the Volcker Alliance will sponsor research on government performance, make actionable recommendations for policy and implementation, and provide a forum for discussion of new ideas and tools to strengthen policy execution at all levels of government. Beyond that, the Alliance is committed to taking actions that contribute to a high degree of confidence in both the decision-making processes of government and in its administrative management. The Volcker Alliance seeks to rekindle intellectual, practical, political and academic interest in the implementation of policy – the “nuts and bolts” (and electrons) of governance – and serve as a catalyst for sustained government improvement.

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