2027 Summer Intern - Technology Group - Sophomore

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

Job summary

The Federal Reserve Bank of New York invites sophomore students to join its Technology Intern program for ten weeks, focusing on IT areas such as security, data management, software development, and end user services. Interns work on real projects, receive mentorship, and participate in professional development events with senior leaders, gaining hands-on experience and building a professional network.

This onsite internship emphasizes collaboration in a high-performance environment, with

Qualifications

• Demonstrated interest in computer science, information systems, application development or business technology.
• Working knowledge of MS Office Suite.
• Strong analytical and critical thinking skills demonstrated by the ability to assimilate new information and manage multiple tasks.
• Basic programming skills in one or more areas: Java, JavaScript, SQL, Scala, Python, HTML/CSS.
• Ability to communicate effectively, both orally and written.
• Ability to grasp information quickly.
• Attention to detail.
• Ability to work productively in a high-performance team atmosphere and as an independent analyst.

Responsibilities

• Responsibilities may include coding software, testing code, preparing and managing data, and or running competitive analyses and research for our technology teams.
• Additional responsibilities may include analyzing current and new technology architecture designs or implementing and deploying applications across multiple environments.

Skills

Analytical thinking

Communication skills

Programming basics

Attention to detail

Team collaboration

Tools

MS Office Suite

Job description

Program 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.

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, and an experienced professional mentor to support them throughout the program. Access to learning events with senior leaders from the New York Fed gives 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.

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

Candidates will be responsible for technology work in any of our IT areas, including but not limited to information security, data management, software development, business operations, or end user services. Responsibilities may include coding software, testing code, preparing and managing data, and or running competitive analyses and research for our technology teams. Additional responsibilities may include analyzing current and new technology architecture designs or implementing and deploying applications across multiple environments.

Qualifications & Requirements

• Demonstrated interest in computer science, information systems, application development or business technology.
• Specific technical skills may be required depending on area and project.
• Working knowledge of MS Office Suite.
• Strong analytical and critical thinking skills demonstrated by the ability to assimilate new information and manage multiple tasks.
• Basic programming skills in one or more areas: Java, JavaScript, SQL, Scala, Python, HTM/CSS.
• Ability to communicate effectively, both orally and written.
• Ability to grasp information quickly.
• Attention to detail.
• Ability to work productively in a high-performance team atmosphere and as an independent analyst.

Benefits & Compensation

Paid internship. 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. 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.

Eligibility & Compliance

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

Our culture is 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.

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.

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.

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.

Job Characteristics

• Full time / Part time: Full time
• Regular / Temporary: Temporary
• Job Exempt: No
• Job Category: Internship
• Family Group Work Shift: First (United States of America)

About the Bank

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.