2027 Summer Intern - Supervision Group - Junior

Federal Reserve System•New York, NY

2d•Onsite

About The Position

The Undergraduate Summer Analyst Program gives undergraduate juniors 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 Feds, giving them direct insight into the public service and financial services world Junior 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 Supervision Group supervises and regulates financial institutions in the Second District of the Federal Reserve System. We apply our unique insight to influence and execute Federal Reserve System supervision in order to promote a safe, sound, and stable banking and financial system. Staff in the Group assess the safety and soundness of domestic banking institutions and operations of foreign banking organizations in the district through periodic onsite evaluations and offsite financial analysis and surveillance. The Group also analyzes issues and developments to identify emerging supervisory risks and develop domestic and international supervisory policy. Our Supervision Group Intern Program encompasses seven distinct functions —Business Services- Quality Assurance, GSIB (Globally Systemic Important Banks) Risk Exams, Large and Foreign Banking Organizations, Supervisory Analysis, Regional and Community Financial Institutions, Consumer Compliance, and Financial Market Infrastructure, each requiring different expertise. We encourage you to apply if your background aligns with ANY of the skill tracks below, as we match candidates to functions that best fit their strengths and interests. The Summer Analyst provides outstanding undergraduate students with the opportunity to gain valuable work experience with a unique institution. Through advanced work assignments and professional development activities, Summer Analysts are provided with an extensive understanding of the work of the New York Fed. Summer Analysts will be given the opportunity to enhance their business skills through critical financial analysis, formal presentations, research, and writing. Summer Analysts are assigned to a particular business area for the summer, and they will also have opportunities for collaboration with other Summer Analysts, and full-time employees.

Requirements

Demonstrated interest in economics, public policy, and/or finance.
Strong academic record.
Strong written and verbal communication skills with the ability to synthesize information and explain it.
Organized and resourceful, with the ability to work as part of a team and independently.
Ability to assimilate new information and learn new tools/systems.
Curiosity and critical thinking skills.
Research and writing skills.
Proficiency in MS Office Suite.
Must be a U.S. citizen, lawful permanent resident, or meet the definition of a “protected individual” under 8 U.S.C. § 1324b(a)(3), or certain other nonimmigrants authorized to access CSI and/or FOMC information.
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.

Nice To Haves

Data analytics, statistical software tools (Macros, VBA, SQL, Stata, Python), data visualization tools (Tableau), IT/Computer Science, Cyber
Capital markets, risk management, audit, quality assurance
Compliance, legal, consumer protection
Experience in financial institutions (large banks, community banks, financial market infrastructure)
Experience in public sector/regulatory agencies
Experience in consulting firms
Experience in the corporate sector

Responsibilities

Supervises and regulates financial institutions in the Second District of the Federal Reserve System.
Assesses the safety and soundness of domestic banking institutions and operations of foreign banking organizations in the district through periodic onsite evaluations and offsite financial analysis and surveillance.
Analyzes issues and developments to identify emerging supervisory risks and develop domestic and international supervisory policy.
Enhance business skills through critical financial analysis, formal presentations, research, and writing.
Collaborate with other Summer Analysts and full-time employees.