2027 Summer Intern - Supervision Group - Graduate

Federal Reserve System•New York, NY

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, and 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 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.

Requirements

Graduate students with demonstrated and applicable full-time work experience.
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 “protected individual” under 8 U.S.C. § 1324b(a)(3), or certain other nonimmigrants authorized to access CSI and/or FOMC information.
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.

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
Financial institutions (large banks, community banks, financial market infrastructure)
Public sector/regulatory agencies
Consulting firms
Corporate sector (1-2 years preferred)

Responsibilities

Enhance business skills through critical financial analysis, formal presentations, research, and writing.
Be assigned to a particular business area for the summer.
Collaborate with other Summer Associates and full-time employees.