ECON Undergraduates Blog

ECON Undergraduates Blog


2019 Summer/Fall Operational Risk Management Cooperative (Paid Co-Op)

Posted: 28 Feb 2019 09:36 AM PST


Are you an ECON major graduating between December 2019 & May 2020? If yes, check out this opportunity....

2019 Summer/Fall Operational Risk Management Cooperative (Paid Co-Op)
Morgan Stanley, Baltimore, MD
Full-time position, starting July 2019 - December 2019

Read more and apply to interview with them on campus through Careers4Terps (ID # 183255)- March 19 is the application deadline, but applications are being reviewed as they are submitted.

Morgan Stanley's Operational Risk Department (ORD) offers a unique opportunity to work in an area of the Firm with broad exposure to the business and technology operations. Cooperative Education (Co­Op) Programs in Operational Risk gain substantial hand-on experience across multiple areas of the Firm. Operational Risk is the risk of financial loss or other potential damages to the Firm's reputation due to inadequate or failed internal processes, people or systems, or from external events. Operational Risk Co-Op positions include areas of strategic business analysis, process validation, cybersecurity, fraud, third-party, and technology risk. Operational Risk works with the business units and control groups to help ensure Morgan Stanley has a transparent, consistent and comprehensive program for managing operational risk, both within each area and across the Firm globally.

Placement and Duration - The ORD Co-Op Program is a paid opportunity for participants to both learn about the Financial Services Industry, as well as further develop the necessary professional competencies to be successful within Operational Risk. Co-Op participants are part of a 6-month program that runs every year from July to December. Placement varies in accordance with business needs, and is aligned to the skills and interests of the participant, as well as captured feedback throughout the interview process. Co­Ops are integrated into Operational Risk and are expected to take on responsibilities of full time analysts.

Qualifications/Skills/Requirements
The following are prerequisites for all applicants:
  • You are a current undergraduate or graduate student graduating between December 2019 & May 2020
  • You have a strong interest in financial services, with skills specifically within Finance, Economics, Mathematics, Computer Science, Cybersecurity, Technology and/or Data Science/ Data Analytics disciplines
  • You have a minimum GPA of 3.0
  • You possess excellent leadership, interpersonal, communication (both verbal and written) skills to successfully work independently, as well as in a team oriented environment
  • You are detail oriented and possess strong analytical and problem solving skills
  • You have the ability to multitask and manage time effectively
  • You possess advanced Excel knowledge (experience working with large data sets including deconstructing data sets and/or their associated queries)
  • You are proficient in MS Office and related applications (Word, PowerPoint, Visio) 




The Economics of Bail, Fines, and Fees in the U.S. Criminal Justice System

Posted: 28 Feb 2019 05:33 AM PST

The Hamilton Project would like to invite you to their upcoming event:
The Economics of Bail, Fines, and Fees in the U.S. Criminal Justice System
10am-12pm on Friday, March 15, 2019
The Rockefeller-Peterson Room
1777 F Street, NW
Washington, DC 20006



Monetary sanctions have played a role in the U.S. criminal justice system since its founding, but the way these sanctions—bail, fines, fees, and forfeitures—are used has changed dramatically over time and across jurisdictions, as illustrated in the recent Timbs v. Indiana Supreme Court ruling. These sanctions have important effects on who is detained and convicted, their subsequent labor market outcomes, and the priorities of law enforcement agencies. New, rigorous research has provided an opportunity to implement evidence-based reforms: making better use of alternatives to cash bail, adjusting individual sanctions to reflect ability to pay, and breaking the link between sanction revenue and the budgets of law enforcement agencies.

On March 15, The Hamilton Project at the Brookings Institution will host a forum exploring reforms to monetary sanctions, including bail, fines, fees, and forfeitures. The forum will feature introductory remarks by former U.S. Treasury Secretary Robert E. Rubin, followed by two panel discussions exploring policy options to implement reforms to the use of fines, fees, and forfeiture; and the case for reforming or eliminating cash bail.

The panel discussions will feature: Kristen Clarke, president and executive director, Lawyers' Committee for Civil Rights Under Law; Maya Wiley, legal analyst, NBC News & MSNBC and Henry Cohen professor of urban policy and management, senior vice president for social justice, The New School; Jeremy Travis, executive vice president of criminal justice, Arnold Ventures; Jamila Hodge, director, Reshaping Prosecution Program, Vera Institute of Justice; Jo-Ann Wallace, president and CEO, National Legal Aid Defenders Association; Robin Steinberg, CEO, The Bail Project; Danielle Allen, James Bryant Conant university professor and director, Edmond J. Safra Center for Ethics, Harvard University; and Alex Tabarrok, Bartley J. Madden chair in economics, James M. Buchanan Center for Political Economy, department of economics, George Mason University.

The event will coincide with the release of a set of economic facts and three new Hamilton Project proposals that focus on graduating fees and fines according to ability to pay, separating revenue collection from law enforcement budgets, and making better use of alternatives to cash bail.

For updates on the event, follow @HamiltonProj, and join the conversation using #BailFinesFees.

Apply now for the Federal and Global Fellows Program!

Posted: 28 Feb 2019 05:30 AM PST

Want an internship in Washington, D.C.? Interested in global or domestic issues? Apply now to the Global Fellows or Federal Fellows Program! Earn Scholarship in Practice credit and a Fellows Program notation on your transcript!

Both programs combine a fall seminar course in an issue area with a spring internship in Washington D.C. Some of our concentrations include: Critical Regions and International Relations, Responses to Global Challenges, Energy and Environment, and Science Diplomacy. Past internship locations include Department of State, embassies, Department of Homeland Security, National Institutes of Health, Environmental Protection Agency, White House, U.S. Helsinki Commission, and many more!

Year-round activities include trips to Capitol Hill and federal agencies, professional development workshops, and conversations with policymakers.

APPLY NOW!!!

For details regarding the application requirements, go to http://federalfellows.umd.edu and/or http://globalfellowsdc.umd.edu or contact their office: 2407 Marie Mount Hall, 301-314-0261. First wave of applications will be reviewed on March 25. Rolling admissions thereafter.
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