2025 Summer Program- Junior- Markets Group (CHICAGO))

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 Markets Group at the Federal Reserve Bank of New York consists of multiple teams that fulfill a range of responsibilities, from planning and executing open market operations, monitoring and analyzing financial market developments, to managing foreign customer accounts.

Your role as a Summer Markets Analyst (Chicago)

Through its analytical and operational areas, the Markets Group:

• Manages the size and composition of the Federal Reserve System's balance sheet consistent with the directives and the authorization of the Federal Open Market Committee (FOMC)

• Monitors and analyzes financial market developments for key stakeholders and policymakers within the Federal Reserve System

• Monitors and analyzes developments related to financial stability

• Supports debt issuance and debt management on behalf of the U.S. Treasury

• Provides foreign exchange services to the U.S. Treasury

• Provides account services to foreign central banks, international agencies, and U.S. government agencies.

As a summer analyst in Markets, you could be part of the following staff units: Capital Markets and Institutions, Central Bank and International Account Services, Cross Market Monitoring and Analysis, Cross Portfolio Policy and Analysis, Discount Window and Collateral Valuation, Group Shared Services, International Markets, Money Markets, Mortgage Markets, Treasury Auction, or Treasury Markets.

Summer Analyst Responsibilities (include):

• Prepare charts, tables, graphs and other supporting documentation to be used in the research and market analysis conducted by the Group

• Support senior staff with economic and financial data analysis

• Help execute the Group's funds, securities, trading and settlement activities, including the preparation and maintenance of preliminary internal reports, data entry of operations results, discrepancy follow-up and resolution, and testing the implementation of new products

What we are looking for:  

• The Markets Summer Analyst Program is open to rising seniors graduating Winter 2025 or Spring 2026. The program size is limited. You should have a demonstrated interest in financial markets, economics, public policy or finance, and a strong academic record. You should also have:

• Quantitative analysis skills and familiarity working with spreadsheets, databases, and analytical tools (e.g. Excel, SQL).

• Academic exposure and/or experience in international and domestic capital markets and instruments, and US monetary policy and economics

• Ability to source, prepare, and visually represent data for written reports using common tools (e.g. Excel, Tableau)

• Ability to perform preliminary research and help prepare data regarding foreign and domestic markets issues