2025 Summer Program- Graduate - New York Innovation Center (NYIC) at Federal Reserve Bank (FRB) in New York, New York

Job Description:

Company

Federal Reserve Bank of New York

The Graduate Summer Associate 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 an extensive understanding of the New York Fed’s consequential and dynamic work. You’ll also be given the opportunity to enhance your business skills through critical financial analysis, formal presentations, research and writing—all designed to prepare you for what’s next in your education and career journey. As an associate, you’ll be assigned to a particular business area while also having opportunities to collaborate with other associates, other analysts, and employees from around the Bank. In addition to your daily responsibilities, you’ll attend weekly presentations hosted by New York Fed leaders. These presentations aim to provide an extensive overview of the Bank's responsibilities and operations and offer a unique opportunity to learn about full-time career opportunities, as our summer program is the primary recruitment source for the New York Fed's fulltime 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 New York Innovation Center (NYIC) conducts technological research, experimentation, and prototyping to generate insights into high-value central-bank-related opportunities. As a group within the New York Fed, the NYIC informs leaders, researchers, and the public about potential applications of new financial technologies in central banking.

Your role as an NYIC Summer Analyst

Contribute and work alongside a team of architects, designers, engineers, product managers, and business strategists with common goals with research and development

• Support the NYIC team in aligning on strategic objectives and the achievement of key outcomes.




• Work with others to develop business cases, implementation plans, and/or key metrics to support the execution of strategic objectives.




• Support innovation projects initiatives through technical research, experimentation, development, and analysis




• Design, develop, and maintain high-performance, reliable, secure applications, and libraries, writing clean, efficient, and well-documented code.




• Contributing design to computer programs




• Write clean, efficient, and well-documented code.

What we are looking for:  

• Expected graduation between Winter 2025 and Spring 2026




• Strong understanding of computer science principles and concepts.




• Proficiency in at least one programming language, such as C++, Python, Go, etc.




• Strong analytical skills, with ability to gather and analyze information, enrich a topic, prove/disprove a hypothesis, and create a narrative




• Strong problem-solving skills and the ability to work independently as well as in a team environment.




• Strong collaboration skills with an ability to scope a business problem and develop creative viable options for solving it




• Kean Interest in learning and working with new programming languages, design patterns, and tools, with a Capacity to learn quickly and adapt to new situations




• Familiarity with Agile development methodologies, such as Scrum or Kanban, is a plus.

  To Apply: Please include a resume and unofficial transcript. Applications for our 2025 Graduate 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 will be paid on a semi-monthly basis and will be calculated based on an annual salary of $94,900, 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)

Yes

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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