2027 Summer Intern - Supervision Group - Sophomore

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

Benefits offered by this job

Mentorship

Professional development events

Paid internship

Job summary

The Federal Reserve Bank of New York invites undergraduate sophomores to join the Sophomore Career Exploration Internship. Ten weeks of project-based work, professional development, mentorship, and access to senior leaders are provided. This paid internship is onsite in New York, with housing not provided; expected graduation Winter 2028-Spring 2029.

Salary is based on an annual rate of $65,600, paid semi-monthly, and reflects competitive compensation for public service internships.

Qualifications

• 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.

Skills

Strong communication

Team collaboration

Analytical thinking

Research skills

MS Office

Education

Undergraduate sophomore

Tools

MS Office Suite

Data analysis tools

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 witha 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 for tenweeks, 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:

TheSupervision 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 supervisionin order topromote 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 toidentifyemerging supervisory risks and develop domestic and international supervisory policy.

Our Supervision GroupIntern Programencompasses seven distinct functions—Business Services- Quality Assurance, GSIB (Globally Systemic Important Banks) Risk Exams, Large and Foreign Banking Organizations, SupervisoryAnalysis, Regional and Community Financial Institutions, Consumer Compliance, and Financial Market Infrastructure,eachrequiringdifferentexpertise. 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 .

The Unique Skill SetsWe’reLooking For:

As a Summer Analyst, you must have a demonstrated interest in economics, public policy, and/or finance and a strong academic record.**We encourage candidates of all backgrounds (includingLiberalArts) to apply.**

**CoreSkills -All candidates shoulddemonstrate:**

• 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 assimilatenew informationand learn new tools/systems

• Curiosity and critical thinking skills

• Research and writing skills

• Proficiencyin MS Office Suite

**Specialized Skills–In addition to the core skills some of our roles wouldbenefitfrom some of the skills below**

• Data & Technology: Data analytics, statistical software tools (Macros, VBA, SQL, Stata, Python), data visualization tools (Tableau), IT/Computer Science, Cyber

• Risk & Markets: Capital markets, risk management, audit, quality assurance

• Governance,Compliance & Policy: Compliance, legal, consumer protection

To Apply: The application deadline is September 28** th****, 2026(11:59 PM EST)*.**Thisis a paid internship. Please note, summer housing is not provided.Expected graduation betweenWinter 2028 Spring 2029.

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 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 inquiries, 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 accuracy 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.

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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