Undergraduate and Graduate Summer Programs

The Undergraduate Summer Analyst and Graduate Summer Associate Programs provide outstanding students with the opportunity to gain valuable work experience in public service at the New York Fed. Through advanced project work assignments and professional development activities, analysts and associates gain an extensive understanding of the New York Fed’s work. Summer analysts and associates also have the opportunity to enhance their business skills through critical financial analysis, formal presentations, research and writing.

Analysts and associates are assigned to particular areas or functions, but have opportunities for collaboration with other analysts, associates and employees from around the New York Fed. In addition to their daily responsibilities, analysts and associates attend weekly presentations hosted by senior management on the New York Fed’s responsibilities and operations.

The summer program allows participants to learn about career opportunities in public service at the New York Fed. The program is a direct feeder for the Bank’s full-time analyst and associate rotational programs.

Applications for the 2018 summer internship program will open on Monday, August 14.

REQUIREMENTS

Requirements include, but are not limited to:

  • Students graduating between December 2018 – May 2019
  • Demonstrated interest in banking, business, economics, public policy, risk management or finance with a strong academic record and passion for public service;
  • Excellent interpersonal and written communication skills;
  • Demonstrated working knowledge of Microsoft Office Suite.

* Our highly competitive summer programs begin in early June

UNDERGRADUATE SUMMER ANALYST PROGRAM

Applicants who have completed at least their sophomore year of college by the beginning of the internship are eligible. Specific requirements may be applied based on the New York Fed area or function.

Audit Group

The Audit Group provides independent, objective internal audit services designed to add value and improve the Federal Reserve System's risk management, control, and governance processes, and support the achievement of its objectives.

Legal – Compliance

The Compliance Function is responsible for identifying, monitoring and remediating legal, regulatory and reputational risks to the Bank by identifying compliance risk, handling Code of Conduct-related issues, and evaluating the compliance programs for the Bank’s business functions.

Markets: New York & Chicago Opportunities Open

The Markets Group at the Federal Reserve Bank of New York consists of multiple business areas that fulfill a range of responsibilities, from planning and executing open market operations, monitoring and analyzing financial market developments, to managing foreign customer accounts. Through its analytical and operational areas, the Markets Group:

  • Manages the size and composition of the Federal Reserve System's balance sheet consistent with the directives and the authorization of the Federal Open Market Committee (FOMC)
  • Monitors and analyzes financial market developments for key stakeholders and policymakers within the Federal Reserve System
  • Monitors and analyzes developments related to financial stability
  • Supports debt issuance and debt management on behalf of the U.S. Treasury
  • Provides foreign exchange services to the U.S. Treasury
  • Provides account services to foreign central banks, international agencies, and U.S. government agencies.
Research and Statistics Group

Research:
The Research Group at the Federal Reserve Bank of New York conducts long and short-term research and provides analytic support for the Bank’s responsibilities relating to monetary policy, banking supervision, payments systems, funding facilities and other economic and financial issues.

Statistics:
The Statistics Function Collects, reviews and analyzes regulatory, deposit, credit, security, organizational structure and cross border data submitted from domestic and foreign depository institutions, capital market participants, and bank holding companies.

Risk Group

The Risk Group provides independent risk oversight, assesses the Bank's financial and operational risks, and oversees policy development related to systemically important payment, clearing and settlement activity.

Supervision Group

The Supervision Group at the Federal Reserve Bank of New York supervises and regulates financial institutions in the Second District. The Group’s mission is to ensure a safe, sound, and accessible financial system. Staff in the Group assess the safety and soundness of domestic banking institutions, operations of foreign banking organizations, and systemically important banks and nonbanks including financial market utilities in the District.

Technology Group

The Technology Group (TG) is responsible for the strategic planning and provisioning of automation services to the Bank. These include application development, data architecture, network, communications and data center infrastructure and operations, project management, technology vendor management, and overall information technology and information security. The Group also provides national information security, incident response, national remote access and enterprise search services for the Federal Reserve System.

GRADUATE SUMMER ASSOCIATE PROGRAM

Applicants who have completed their 1st year of graduate studies by the beginning of the internship are eligible. Specific requirements may be applied based on the New York Fed area or function.

Corporate Group

The Business Continuity Office manages the Bank's business continuity program and framework to ensure robust business continuity planning, awareness, and readiness across all business lines.

Executive Office

The Strategic Planning Office (SPO) is comprised of the Strategic Planning & Evaluation, Financial Planning & Analysis, as well as an internal consulting and central project management offices to support implementation of Bank-wide initiatives. The SPO has designed a planning, resourcing and evaluation process to enable clear articulation of the Bank’s strategic priorities; alignment, integration and rationalization of its resource allocation; and support for and evaluation of performance against strategic and resource plans.

Markets: New York & Chicago Opportunities Open

The Markets Group at the Federal Reserve Bank of New York consists of multiple business areas that fulfill a range of responsibilities, from planning and executing open market operations, monitoring and analyzing financial market developments, to managing foreign customer accounts. Through its analytical and operational areas, the Markets Group:

  • Manages the size and composition of the Federal Reserve System's balance sheet consistent with the directives and the authorization of the Federal Open Market Committee (FOMC)
  • Monitors and analyzes financial market developments for key stakeholders and policymakers within the Federal Reserve System
  • Monitors and analyzes developments related to financial stability
  • Supports debt issuance and debt management on behalf of the U.S. Treasury
  • Provides foreign exchange services to the U.S. Treasury
  • Provides account services to foreign central banks, international agencies, and U.S. government agencies.
Data and Statistics

The Data Capabilities Office (DCO) is responsible for driving the Bank's strategy on data, elevating the capacity for connecting and synthesizing the increasing number and scale of disparate and complex informational sources, and creating insightful analysis and policy work. It provides internal consulting services on data analytics and data science.

Supervision Group

The Supervision Group at the Federal Reserve Bank of New York supervises and regulates financial institutions in the Second District. The Group’s mission is to ensure a safe, sound, and accessible financial system. Staff in the Group assess the safety and soundness of domestic banking institutions, operations of foreign banking organizations, and systemically important banks and nonbanks including financial market utilities in the District.