2024 Sophomore Career Exploration Program - Corporate Group
Federal Reserve Bank of Minneapolis
CompanyFederal Reserve Bank of New YorkWorking 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.
Please note: Apply to all areas that you are interested in within the various tracks. For example, to apply to the entire policy track, you must submit applications for Markets, Research, and Supervision. This does not apply to Technology.*
The Sophomore Career Exploration Internship provides outstanding undergraduate students with the opportunity to gain valuable work experience with a unique institution. Through project work assignments and professional development activities, sophomore interns are provided with both an introduction to professional life, and an understanding of the work of the New York Fed.
In addition to their daily responsibilities, sophomore interns will develop personal and professional skills to support their success in the workforce. Interns will experience a cohort-model of learning, while receiving a mentor pairing with a more experienced professional at the Bank. Sophomore interns will also have the opportunity to learn more about the Junior Summer Analyst program, which serves as a recruitment pipeline for the New York Fed’s entry-level hiring.
What we do:
The Corporate Group is dedicated to being a trusted, strategic business partner to clients Bankwide. The Group delivers a broad range of innovative, impactful solutions that foster the Bank's ability to meet its mission. The Corporate Group is aligned across its functions to provide superior services and value-added resource and financial management that seamlessly support our clients' and the Bank's objectives.
Interns will be placed in either of the following:
Corporate Group Strategy and Support Function is dedicated to extending the Corporate Group’s (CG) ability to deliver innovative, value-added solutions that help advance the Bank’s mission and strengthen its operation. As the Group’s centralized, internal business development partner, CGSS focusses on three service areas, Business Support; Business Technology & Data Management. Enterprise Services and Risk Management, allowing CG’s other functions to align their operations and concentrate on their core competencies.
Procurement Value Management Function 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.
What we are looking for:
A demonstrated interest in finance, accounting, economics, capital markets, business, ethics and compliance, or operational and real estate 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. For Real Estate internships a strong interest in Architecture and/or Engineering.
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. The application deadline is October 4th, 2023 (11:59 PM EST)*.
This is a paid internship. Please note, summer housing is not provided.
Your regular wages for the eight weeks will be paid on a semi-monthly basis and will be calculated based on an annual salary of $64,300.00, less applicable taxes.
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.
In addition, all candidates must undergo an enhanced background check, comply with all applicable information handling rules, and will be tested for all controlled substances prohibited by federal law, to include marijuana.
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, or military service.
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 TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)No
Work ShiftFirst (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.