hero



2024 Sophomore Summer Exploration Program - Executive Office

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

New York, NY, USA
Posted on Wednesday, August 30, 2023

Company

Federal 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.


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.

Program Description:

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 Enterprise Strategy Office at the Federal Reserve Bank of New York NY (FRBNY or “the Bank”) is responsible for working with senior leadership to develop the strategic priorities for the organization, communicate the strategy to both internal and external stakeholders and coordinate the execution of the Bank’s strategic plan.

Your role as a Summer Associate in Executive Office:

  • Support the Enterprise Strategy team in activities and deliverables that support the implementation of Bank Strategic Priorities.

  • Work with others in the development of strategic planning activities such as research, content development, and/or key management reporting that includes aggregation and synthesis of information stemming from multiple sources.

  • Support various special projects, as needed, providing learning and development exposure to Bank wide process, products, and staff.

What we are looking for:

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

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

  • Experience in delivering successful outcomes on projects with multiple stakeholders and divergent interests.

To Apply:

Please include a cover letter, 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.

Salary:

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.

Federal Reserve Bank of New York summer internships are limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization and U.S. permanent residents who have applied for naturalization within six months of being eligible to do so. Interns must remain in the United States for certain aspects of the pre-employment & background check process, which will start approximately 6 weeks (around mid-March) prior to the first day of the internship.

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 Time

Full time

Regular / Temporary

Regular

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.

Privacy Notice