2027 Summer Intern - Supervision Group - Graduate
About The Position
The Graduate Summer Associate Program at the Federal Reserve Bank of New York offers graduate students valuable work experience at a unique institution. Through dynamic, project-based work assignments and professional development activities, students gain a cohort-based learning model with a strong sense of community, real-world experience to build skills and knowledge, the chance to contribute to meaningful work impacting all Americans, and opportunities to network with mission-driven colleagues. Each intern is assigned an experienced professional mentor and has access to learning events with senior leaders. Graduate interns work in one specific business area or function for ten weeks, collaborating with other students and employees, and leave with strong skills, professional connections, and meaningful experiences for their long-term careers. The Supervision Group supervises and regulates financial institutions in the Second District, promoting a safe, sound, and stable banking and financial system. Staff assess the safety and soundness of domestic banking institutions and foreign banking organizations through evaluations and financial analysis, and analyze emerging supervisory risks and develop policy. The Supervision Group Intern Program includes 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.
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 protected individual to access confidential supervisory information (CSI) and/or Federal Open Market Committee (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 Risk
- 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.
Benefits
- Paid internship
- Semi-monthly pay based on an annual salary of $94,900
- Opportunities for professional development
- Access to learning events with senior leaders
- Experienced professional mentor
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What This Job Offers
Career Level
Intern
