2027 Summer Intern - Legal & Compliance Group - Sophomore Intern

Federal Reserve System•New York, NY

7d•Onsite

About The Position

The Sophomore Career Exploration Internship gives undergraduate sophomores the opportunity to gain valuable work experience at a unique institution. Through dynamic, project-based work assignments and professional development activities, students get: A cohort-based learning model with a strong sense of community Real-world experience that helps them build strong skills and knowledge in their area of interest The chance to contribute to meaningful work that makes an impact on the lives of all Americans Opportunities to meet, network with, and work alongside our mission-driven, curious colleagues—all of whom are happy to share their experiences and advice An experienced professional mentor to support them throughout the program Access to learning events with senior leaders from the New York Fed, giving them direct insight into the public service and financial services world Sophomore interns work in one specific business area or function for ten weeks, and have access to opportunities for collaboration with other students and employees from around the Bank. At the end of the program, students leave with strong skills, professional connections, and meaningful experiences that will support them in their long-term careers. The Legal and Compliance Group comprises of 3 separate and distinct Functions: Compliance, Group Operations and Strategy, and Legal. Internships will be available in the: Compliance Function: Identifies and assesses risks related to the failure to comply with the Bank's code of conduct, internal policies, and regulations principally associated with anti- money laundering, U.S. economic sanctions compliance, fraud risk, sensitive data management, trading operations, and other restrictions related to employee conduct. Group Operations and Strategy Function: Provides the Legal & Compliance Group with resources and strategies in furtherance of group and Bank objectives through its three business units: Business Operations and Strategy, GOAS Prime Services, and Risk Management and Contingency Planning. Legal Function: Provides effective, efficient and client-focused legal services to the Federal Reserve Bank of New York. The Enterprise Legal Services (ELS) division provides a range of expertise in support of the Bank’s mission and operations through its four business units: Enforcement and Litigation, Financial Intelligence and Investigations, Employment and Corporate Matters, and Technology and Contracts.

Requirements

A demonstrated interest in finance, accounting, economics, capital markets, business, ethics and compliance, or operational management with a strong academic record and passion for data analysis.
High interest in Finance, Banking, or Economics, with a strong academic record and a passion for public service.
Detail oriented with excellent interpersonal and written communication skills.
Demonstrated working knowledge of Microsoft Office Suite (e.g., Excel, Word, PowerPoint) and Acrobat.
Ability to work independently as well as in a team environment
Expected graduation between Winter 2028 Spring 2029
U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.

Responsibilities

Contribute to the execution of various activities that support Legal & Compliance Group projects and programs which may include:
Document Review and Analysis (assistance with review of documents maintained within the Division to determine whether they should be maintained or destroyed in accordance with Records Management Policy)
Review of agreements/contracts (review compiled agreements and discuss relevant provisions)
Case Law Update (review summary document of cases and descriptions; confirm each case has not been overturned)
Drive initiatives to meet business goals and implement operational efficiencies.