2027 Summer Intern - Corporate Group - Sophomore

Federal Reserve Bank of New York; New York (NY); On-site; USD 59,000 - 72,000; Full time

Job summary

The Federal Reserve Bank of New York offers a Sophomore Career Exploration Internship that provides project-based work, mentor support, and professional development in a mission-driven environment. Interns join one of the Corporate Group areas for ten weeks, gaining real-world experience and networking with leaders.

Interns will analyze data, develop Tableau dashboards, and prepare reports, while learning about public service, risk management, and finance within a supportive, inclusive culture.

Qualifications

• Undergraduate sophomore seeking a 10-week internship in a government-finance context.
• Strong interest in data analysis, project management, and public service.
• Proficient with Microsoft Office tools and ability to learn new software quickly.

Responsibilities

• Prepare and submit data analytics reports for assigned business areas.
• Respond to operational service requests from Event Management, Business Support, and Real Estate teams.
• Support and enhance PowerPoint presentations for leadership with new slides.
• Create Tableau dashboards for reporting and exploration.
• Analyze procurement policies to provide guidance updates.

Skills

Data analysis

Project management

Business operations

Risk management

Event management

Real estate management

Finance

Accounting

Ethics and compliance

Supplier diversity

Tools

Excel

Word

PowerPoint

Acrobat

Job description

Company Federal Reserve Bank of New York When you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation. Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S. economy and stability of the global financial system. At the Bank, we work full-time onsite with our teams. We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission.

Program Description:

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.

Our Unique Work:

The Corporate Group is dedicated to being a trusted, strategic business partner to customers Bank wide, delivering a broad range of innovative, impactful solutions that help the New York Fed meet its mission. The Group is aligned across its Functions to provide superior services and value-added resource and financial management that support our clients and the Bank meet objectives.

Interns will be placed in one of the Group’s following Function Business Areas:

• Corporate Group Support & Enterprise Services (GS&ES) which serves as the Group’s centralized, internal business development partner, allowing CG’s other functions to align their operations and concentrate on their core competencies.
• CGSS focusses on three service areas, Business Support: Business Technology & Data Management.
• Enterprise Services and Risk Management Procurement Value Management (PVM) maximizes value for the Bank by reducing the total cost of ownership of goods and services procured from third parties, managing the Bank’s vendor-related spend as a strategic resource, supporting the governance of vendor relationships utilizing a risk-adjusted and advisory approach, and enhancing our solution delivery for our clients in support of their business objectives.
• Corporate Real Estate ("CRE") provides a safe, effective and efficient work environment in normal and contingency situations. CRE is a valued business partner that enables business areas through the delivery of facilities operations, workplace solutions, space design, and management of capital improvement programs. CRE manages the NY Fed’s real estate portfolio in alignment with the mission, vision and values of the institution and is adaptive to change.
• Business Finance Partners (BFP) provides relevant, strategic financial and business insights to Bank business areas in support of the Bank's priorities. The teams support each Group's strategic resource and financial management needs, including budget planning and management.
• Their Finance Program Management (FPM) team provides standardized financial support for the Bank's key programs, including centralized management of personnel and benefits.
• It’s Financial Planning and Analysis (FP&A) team serves as the Bank's central finance function, managing the overall financial portfolio.

How You’ll Make an Impact as a Corporate Group Intern (Sophomore)

Work as a member of key business areas collaborating with and supporting teams on a variety of initiatives, projects and day-to-day responsibilities. This can include:

• Preparing, reviewing and submitting data analytics reports for the business areas they are assigned to.
• Responding to operational service requests that come into the Event Management, Business Support and Real Estate teams.
• Providing support to enhance the teams’ existing PowerPoint presentations for circulation to key partners and Bank leadership: redesign, new slides, and formatting.
• Participating and attending business area meetings and Group events.
• Performing assignments designated by Business Area managers.
• Creating dynamic and user-friendly Tableau dashboards for both reporting and exploratory purposes.
• Analyzing data using statistical methods / tools to identify patterns and trends.
• Collaborating with direct team members and other business stakeholders on projects and responsibilities.
• Analyzing Procurement Value Management’s policies, standards, and related documentation to provide insights into updating the guidance and resource documents.

The Unique Skill Sets We’re Looking For:

A demonstrated interest in business operations, data analysis, program and project management, risk management, event management real estate management, engineering/architecture, finance, accounting, ethics and compliance, risk management, supplier diversity, with a strong academic record and 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.

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 $65,600. We believe in transparency at the New York Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

Company Culture:

We are deeply grounded in our Touchstone Behaviors. By working with us, you’ll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success, and set clear expectations for leading with impact at every stage of your career.

Accessibility:

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at [e-mail] and we’ll be glad to help. Please note, this email box is designed exclusively to assist job applicants with accommodation requests. All other inquires, including the status of applications, will not receive a response.

Additional Information:

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.

Job Classification:

Full Time / Part Time Full time Regular / Temporary Temporary Job Exempt (Yes / No) No Job Category Internship Family Group Work Shift First (United States of America) The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Application Guidance:

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

Privacy Notice and Company Overview:

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us:

Our reputation precedes us. There will always be room for personal growth. Our people are first. You’ll find the right balance. Your responsibilities will be meaningful. We hope that you will be our future colleague.

Further Opportunities:

Please check back later for more information on available job opportunities.