The Federal Reserve System · New York
Otherposted 5d ago
Program Description:
The Graduate Summer Associate Program gives graduate students the opportunity to gain valuable work experience at a unique institution. Through dynamic, project-based work assignments and professional development activities, students get:
A cohort-based learning model with a strong sense of community
Real-world experience that helps them build strong skills and knowledge in their area of interest
The chance to contribute to meaningful work that makes an impact on the lives of all Americans
Opportunities to meet, network with, and work alongside our mission-driven, curious colleagues—all of whom are happy to share their experiences and advice
An experienced professional mentor to support them throughout the program
Access to learning events with senior leaders from the New York Fed and other notable institutions, giving them direct insight into the public service and financial services world
Graduate interns work in one specific business area or function for ten weeks, and have access to opportunities for collaboration with other students and employees from around the Bank.
At the end of the program, students leave with strong skills, professional connections, and meaningful experiences that will support them their long-term careers.
Our Unique Work:
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.
Our Supervision Group Intern Program encompasses seven distinct functions —Business Services- Quality Assurance, GSIB (Globally Systemic Important Banks) Risk Exams, Large and Foreign Banking Organizations, Supervisory Analysis, Regional and Community Financial Institutions, Consumer Compliance, and Financial Market Infrastructure, each requiring different expertise. We encourage you to apply if your background aligns with ANY of the skill tracks below, as we match candidates to functions that best fit their strengths and interests.
How You’ll Make an Impact as a Supervision Intern (Graduate)
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, and full-time employees.
The Unique Skill Sets We’re Looking For:
The Supervision Group's Summer Associate Program is open to graduate students 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. We encourage candidates of all backgrounds (including Liberal Arts) to apply.
Core Skills - All candidates should demonstrate:
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
Research and writing skills
Proficiency in MS Office Suite
Specialized Skills – In addition to the core skills some of our roles would benefit from some of the skills below
Data & Technology: Data analytics, statistical software tools (Macros, VBA, SQL, Stata, Python), data visualization tools (Tableau), IT/Computer Science, Cyber
Risk & Markets: Capital markets, risk management, audit, quality assurance
Governance, Compliance & Policy: Compliance, legal, consumer protection
Valued Industry Experience:
Financial institutions (large banks, community banks, financial market infrastructure)
Public sector/regulatory agencies
Consulting firms
Corporate sector (1-2 years preferred)
To Apply: The application deadline is October 5th, 2026 (11:59 PM EST) *.This is a paid internship. Please note, summer housing is not provided. Qualified Candidates are expected to graduate between Winter 2027 Spring 2028.
Other Things to Know:
Salary Range: Your regular wages for the 10 weeks will be paid on a semi-monthly basis and will be calculated based on an annual salary of $94,900
We believe in transparency at the New York Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.
This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.
Our culture is deeply grounded in our Touchstone Behaviors. By working with us, you’ll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success, and set clear expectations for leading with impact at every stage of your career. Learn more.
Apply now if you’re ready to join us in strengthening the U.S. economy together. Want to consider our other opportunities? Click here to see all our open roles.
The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.
We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this email box is designed exclusively to assist job applicants with accommodation requests. All other inquires, including the status of applications, will not receive a response.
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.
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.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.