2025 Summer Program - Sophomore- Legal & Compliance

Company

Federal Reserve Bank of New York

The Sophomore Career Exploration Internship gives you the opportunity to gain valuable work experience at a unique institution. Through project-based work and professional development activities, you’ll get both an introduction to professional life and an understanding of the New York Fed’s consequential and dynamic work.  In addition to your daily responsibilities, you’ll gain personal and professional skills to help you prepare for the next steps in your education and career journeys. You’ll be part of a collaborative and inclusive cohort and be paired with a mentor who’s excited to support you. During your internship, you’ll also learn more about our Junior Summer Analyst program, which serves as a recruitment pipeline for the New York Fed’s entry-level 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 Legal and Compliance Group comprises four separate and distinct Functions: Bank Applications, Compliance, Group Operations and Strategy, and Legal. Internships will be available in the:

• Compliance Function: Identifies and assesses risks related to the failure to comply with the Bank's code of conduct, internal policies, and regulations principally associated with anti- money laundering, U.S. economic sanctions compliance, fraud risk, sensitive data management, trading operations, and other restrictions related to employee conduct.

• Group Operations and Strategy Function: Provides the Legal & Compliance Group with resources and strategies in furtherance of group and Bank objectives through its three business units: Business Operations and Strategy, GOAS Prime Services, and Risk Management and Contingency Planning.

• Legal Function: Provides effective, efficient and client-focused legal services to the Federal Reserve Bank of New York. The Enterprise Legal Services (ELS) division provides a range of expertise in support of the Bank’s mission and operations through its four business units: Enforcement and Litigation, Financial Intelligence and Investigations, Employment and Corporate Matters, and Technology and Contracts.

Your role as a Summer Legal and Compliance Analyst

Contribute to the execution of various activities that support Legal & Compliance Group projects and programs which may include:

• Document Review and Analysis (assistance with review of documents maintained within the Division to determine whether they should be maintained or destroyed in accordance with Records Management Policy);

• Review of agreements/contracts (review compiled agreements and discuss relevant provisions);

• Case Law Update (review summary document of cases and descriptions; confirm each case has not been overturned); and

• Drive initiatives to meet business goals and implement operational efficiencies.

What we are looking for:  

• A demonstrated interest in finance, accounting, economics, capital markets, business, ethics and compliance, or operational 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.

• 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

• Expected graduation between Winter 2026 and Spring 2027  

To Apply: Please include a resume and unofficial transcript. Applications for our 2025 Sophomore program close on October 4th, 2024 at 11:59pm EST*. For a full breakdown of the recruitment timeline, visit our website. This is a paid internship. Please note, summer housin