Undergraduate Summer Analyst Program - Legal Group


: $83,800.00 - $203,780.00 /year *

Employment Type

: Full-Time


: Legal

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Primary Location
NY-New York City

Full-time / Part-time

Employee Status

Overtime Status


Day Job


At the Federal Reserve Bank of New York, the work we do is consequential and challenging. Our environment encourages growth and diversity. Our employees flourish in a team-oriented atmosphere and are dedicated to the important mission of the New York Fed.

Program Description:

The Undergraduate Summer Analyst Program provides undergraduate students with the opportunity to gain valuable work experience with a unique institution. Through project work assignments and professional development activities, analysts are provided with an extensive understanding of the work of the New York Fed.

In addition to their daily responsibilities, analysts attend weekly events where they have an opportunity to collaborate with their peers and Senior Management. These events provide a thorough overview of the Bank's responsibilities and operations, and offer a unique opportunity to learn about full-time career opportunities upon graduation. The summer program is the largest recruitment source for the New York Fed's full time entry-level hiring.

Legal (Compliance) Group:

Identifies monitors and remediates legal, regulatory and reputational risks to the Bank by identifying compliance risk, handling Code of Conduct-related issues, and evaluating the compliance programs for the Bank's business functions.

Summer Intern Responsibilities (include but are not limited to):

  • Support the Compliance Department and Ethics Office various work streams that require annual and quarterly updating (Annual Report, Procedure Manual, Briefing Books, etc.).
  • Engage with internal and external stakeholders to support the Personal Trading Compliance Program.
  • Assist the Compliance Function with suspicious activity monitoring, risk assessments and other compliance program activities (Data Privacy, Trading Compliance, etc.).
  • Provide research as needed for ad hoc investigations and memos.


  • The summer analyst opportunity in the Legal Group is open to candidates who have completed at least their sophomore year of college by the beginning of the internship
  • Applicants must have a demonstrated interest in banking, business, economics, public policy, risk management or finance with a strong academic record and passion for public service
  • Excellent interpersonal and written communication skills are essential
  • Demonstrated working knowledge of Microsoft Office Suite with demonstrated ability to develop and apply spreadsheets, database and research tools and graphic presentations
  • Good analytical skills, including ability to analyze business and financial activities, understand and describe process flows, strengths and weaknesses, and develop suggestions to improve efficiency and effectiveness
  • Ability to work cooperatively in a team environment and build collaborative relationships

To Apply: Please include a resume and unofficial transcript. The application deadline isNovember 1, 2019 (11:59 PM EST)*. Internships are paid, summer housing is not provided.

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.

The Federal Reserve Bank of New York is committed to Equal Employment Opportunity. We will consider all qualified applicants for employment regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or any other legally protected status.

Why the Fed:

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'll work in an environment with a diverse group of talented professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It's a challenge that demands the skills of a financial services professional and the intellectual curiosity of an academic-all combined with a passion for public service, as exemplified by our four core values:

Community- There are two facets to community here at the Bank: how we relate and connect with each other internally through our Resource Networks, and how we serve the Second District through our outreach initiatives

Career- The Bank is committed to leading and developing its people, providing career management and mobility opportunities that allows employees to realize their full potential.

Culture - The Bank's culture is critical to the success of our mission. We offer a welcoming environment where teamwork is key; everyone's views are respected. The Bank is committed to supporting work-life balance so employees can pursue a challenging career without giving up their passions outside of work.

Core Mission- Our work matters. We are part of a unique public service organization that plays a vital role in the word's economic stage. We take pride in our role and the honest, integrity and respect we employ in all our interactions.

The Federal Reserve Bank of New York is committed to a work environment that respects and fully values the strengths and differences of its people. Working at the New York Fed provides talented professionals the chance to grow their skills at an institution that has served a critical role in the financial system of the United States and the world for over a century. An important component of the Bank's diversity effort is our partnership with several professional non-profit organizations, including INROADS, JumpStart Advisory Group, NBDC Emerging Leaders, Seizing Every Opportunity, National Black MBA, Out for Undergrad, Prospanica and Reaching Out MBA. Click here to learn more.

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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