2027 Summer Intern - Markets Group - Chicago -Graduate Intern

Federal Reserve System • Chicago, IL

2d • Onsite

About The Position

The Graduate Summer Associate Program gives graduate students 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 and other notable institutions, giving them direct insight into the public service and financial services world
Graduate 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 their long-term careers.
The Markets Group at the Federal Reserve Bank of New York consists of multiple teams 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.

Requirements

• Demonstrated interest in economics, public policy, finance, and a strong academic record.
• Quantitative analysis skills and familiarity working with spreadsheets, databases, and analytical tools (e.g. Excel, SQL).
• Academic exposure and/or experience in international and domestic capital markets and instruments, and US monetary policy and economics
• Ability to source, prepare, and visually represent data for written reports using common tools (e.g. Excel, Tableau)
• Ability to perform preliminary research and help prepare data regarding foreign and domestic markets issues

Nice To Haves

• Programming experience (e.g. Python, R) is a plus
• Relevant professional work experience is also a plus

Responsibilities

• Participate in projects related to analyzing and understanding global and domestic financial market developments
• Support senior staff with economic and financial market data analysis
• Prepare documentation which may include tables, charts and graphs used to support financial market monitoring and analysis conducted by the Group

Benefits

• This is a paid internship.
• Salary Range: Your regular wages for the 10 weeks will be paid on a semi-monthly basis and will be calculated based on an annual salary of $83,500

What This Job Offers

• Job Type: Full-time
• Career Level: Intern