2025 Summer Program - Junior - Corporate at Federal Reserve Bank (FRB) in New York, New York

Job Description:

Company

Federal Reserve Bank of New York

The Undergraduate Summer Analyst Program provides you with the opportunity to gain valuable work experience at a unique institution. Through advanced project-based work and professional development activities, you’ll get a thorough understanding of the New York Fed’s consequential and dynamic work. You’ll also be given the opportunity to enhance your business skills through essential financial analysis, formal presentations, research, and writing—all designed to prepare you for what’s next in your educational and career journey. As an analyst, you’ll be assigned to a particular area or function while also having opportunities to collaborate with other analysts, other associates, and employees from around the Bank. In addition to your daily responsibilities, you’ll attend events and weekly presentations hosted by New York Fed leaders. These presentations aim to provide an overview of the Bank's responsibilities and operations and offer an exciting opportunity to learn about full-time career opportunities, as our summer program is the largest recruitment source for the New York Fed’s full-time campus hiring.

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.  
 
The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance. 

What we do:   

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.

Your role as a Summer Corporate Intern:

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 Business Support and Real Estate teams.




• Drafting internal communications for newsletters.




• Provide 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.




• create dynamic and user-friendly Tableau dashboards for both reporting and exploratory purposes.




• Analyze data using statistical methods / tools to identify patterns and trends.




• Collaborate with direct team members and other business stakeholders on projects and responsibilities.




• Analyze Procurement Value Management’s policies, standards, and related documentation to provide insights into updating the guidance and resource documents.

What we are looking for:  

• A demonstrated interest in business operations, data analysis, program and project 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.




• Preferred cumulative GPA: 3.0




• Expected graduation between Winter 2025 & Spring 2026   

To Apply: Please include a resume and unofficial transcript.

Applications for our 2025 Junior program close on October 11th, 2024 at 11:59pm EST*. For a full breakdown of the recruitment timeline, visit our website. This is a paid internship. Please note, summer housing is not provided.

Salary Range: Your regular wages for the 10 weeks for juniors will be paid on a semi-monthly basis and will be calculated based on an annual salary of $72,100, less applicable taxes.We believe in transparency at the NY 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.  

  

Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. 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.  

  

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.  

  

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.   

  

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.  

  

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

No

Job Category

Internship

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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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