2027 Summer Intern - Research Group - Sophomore Intern

Federal Reserve System; New York (NY); On-site; USD 666,000 - 798,000; Full time

Benefits offered by this job

Mentor program

Professional development events

Networking with leaders

Job summary

The Federal Reserve Bank of New York is offering a Sophomore Career Exploration Internship in Research & Statistics. The program provides project-based work, mentorship, and professional development to undergraduates looking to build skills in economics, policy analysis, and data science.

Interns work in a defined business area for ten weeks, with opportunities for collaboration across the Bank. A strong academic record and interest in economics or public policy are emphasized, along with

Qualifications

• Interest in economics, public policy, mathematics or statistics with a strong academic record
• Ability to provide concise, articulate economic analysis in written and verbal form
• Strong analytical and quantitative skills with attention to detail
• Experience with data analysis and large databases is preferred
• Familiarity with Microsoft Office Suite and basic programming concepts

Responsibilities

• Assist economists and research staff in analyzing current public policy issues and events
• Contribute to long-term, academically oriented research projects
• Conduct econometric analyses for Bank publications and academic journals
• Prepare clear, concise economic analyses and summaries
• Collaborate with team members and stakeholders across divisions

Skills

Economics

Public policy

Data analysis

Statistical software

Microsoft Office

Communication

Team collaboration

Education

Undergraduate sophomore

Tools

R

Stata

Matlab

Python

SAS

Excel

Job description

Company

Federal Reserve Bank of New York

When you work at the New York Fed, youhave the opportunity tomake 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 timeremainsimportant 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 senseof 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 fortenweeks, andhave 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 Research & Statistics Group - Research function at the Federal Reserve Bank of New York conducts
• policy-oriented academic research and provides analytic support for the Bank’s responsibilities relating to monetary policy, monetary policy execution, banking supervision, payments systems, and other economic and financial issues. As a summer analyst in Research, responsibilities may include:
• Assisteconomists and research associates in the analysis of current public policy issues
• and events.
• Assisteconomists and research associates in long-term, academically oriented research
• projects.
• Conduct econometric analyses intended for Bank publications as well as academic journals.

How You’ll Make an Impact as a Research & Statistics Intern (Sophomore)

• As a summer analyst in Research, you must have a demonstrated interest in economics, public policy, mathematics or statistics, and a strong academic record.Additionalrequirements include:
• Ability to provide concise, articulate, and insightful economic analysis in written and verbal form.
• Good leadership skills with the ability to think strategically anddemonstratea broader viewpoint on assignments
• An interest in banking, finance, business, economics, or public policy with a strong academic record
• Interpersonal and collaboration skills, including the willingness and ability to foster working relationships with a range of stakeholders
• Written and verbal communication skills with the ability to synthesize information and explain it clearly
• Organized and resourceful, with the ability to work as part of a team and independently
• Ability to assimilate new informationand learn new tools/systems
• Solid analytical abilities

The Unique Skill Sets We’re Looking For:

• A demonstrated interest in finance, accounting, economics, capital markets, business, ethics and compliance, or operational management with a strong academic record and passion for data analysis.
• High interest in Finance, Banking, or Economics, with a strong academic record and a passion for public service.
• Experience in data analysis, handling large databases,and using statistical packages (e.g., R, Stata,Matlab, Julia, SAS, Gauss, TSP, RATS, EViews, PROCSQL), or other computer programming experience (e.g., Java, C++, Python).
• Detail oriented with excellent interpersonal and written communicationskills.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.

Other Things to Know:

_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. Whetheryou’restretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

_This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of "protected individual" under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. 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.

Our culture is deeply grounded in our Touchstone Behaviors. By working with us,you’llhave the opportunity to develop anddemonstrateyour 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 achievesuccess, andset clear expectations for leading with impact at every stage of your career. Learn more.

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.

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

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This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts,skillsor working conditions associated with the job. While this is intended to bean accuratereflection 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.

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.

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.

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