2025 Summer Program- Graduate- Supervision

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 Supervision Group supervises and regulates financial institutions in the Second District of the Federal Reserve System. We apply our unique insight to influence and execute Federal Reserve System supervision in order to promote a safe, sound, and stable banking and financial system. Staff in the Group assess the safety and soundness of domestic banking institutions and operations of foreign banking organizations in the district through periodic onsite evaluations and offsite financial analysis and surveillance. The Group also analyzes issues and developments to identify emerging supervisory risks and develop domestic and international supervisory policy.

The Supervision Group is comprised of the following functions: Consumer Compliance; Large & Foreign Banking Organizations; Supervisory Policy & Strategy; Large Institution Supervision Coordinating Committee (LISCC) Programs; Regional, Community and Foreign Institutions & Financial Market Infrastructure.

Program Description: 

The Graduate Summer Associate Program provides outstanding graduate students with the opportunity to gain valuable work experience with a unique institution. Through advanced work assignments and professional development activities, Summer Associates are provided with an extensive understanding of the work of the New York Fed.  Summer Associates will be given the opportunity to enhance their business skills through critical financial analysis, formal presentations, research, and writing. Summer Associates are assigned to a particular business area for the summer, and they will also have opportunities for collaboration with other Summer Associates, Summer Analysts and full-time employees. In addition to their daily responsibilities, Summer Associates attend weekly presentations hosted by senior management. These presentations provide an extensive overview of the New York Fed’s responsibilities and operations and offer a unique opportunity to learn about full-time career opportunities upon graduation. The Summer Associate Program is the primary recruiting event for the New York Fed's full-time campus hiring.

What we are looking for:  

The Supervision Group’s Summer Associate Program is open to graduate students who will complete their studies and graduate in Winter 2025 or Spring 2026 with demonstrated and applicable full-time work experience. As a Summer Associate, you must have a demonstrated interest in economics, public policy, and/or finance and a strong academic record.  

Additional requirements include:

• Strong written and verbal communication skills with the ability to synthesize information and explain it

• Organized and resourceful, with the ability to work as part of a team and independently

•  Ability to assimilate new information and learn new tools/systems

• Curiosity and critical thinking skills

• Proficiency in MS Office Suite; statis