Summer Intern - Risk Group - Sophomore Intern

Company

Federal Reserve Bank of New York

When you work at the New York Fed, youhave the opportunity tomake an impact in our communities and across the nation. Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S. economy and stability of the global financial system.

At the Bank, we work full-time onsite with our teams. We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to timeremainsimportant to achieving our mission.

Program

Description:

The Sophomore Career Exploration Internship gives undergraduate sophomores 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, giving them direct insight into the public service and financial services world

Sophomore interns work in one specific business area or function fortenweeks, 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 in their long-term careers.

Our Unique Work:

The mission of the Risk Group is to generate innovative and forward-looking opportunities that enable the Bank to leverage risk-related data and disciplines to be at the forefront of anticipating, adapting, and acting in pursuit of achieving its Mission.

The candidate will be assigned to a Risk Group Function based on skillset and business need. Skills required include a combination of technical, strong analytical thinking and communication abilities.

How You’ll Make an Impact as a Risk Intern (Sophomore)

• Contribute to the execution of the following risk management activities

• Collect and analyze data and information to measure, monitor, and evaluate risk management practices and metrics

• Collaborate with risk management professionals to analyze controls, dependencies and handoffs of critical processes.

• Support program management and business analysis-related risk management activities

• Generate reports, prepare inventories, plans, assessments, analyses, and other analytic and guidance documents to drive effective risk management practices using tools such as Excel, PowerPoint, SharePoint, and Tableau

• Update program status reports and communications across FRBNY and FRS

The Unique Skill Sets We’re Looking For:

• Ability to develop and develop data solutions and professional presentations

• Some knowledge and quantitative interest in risk management principles helpful

• Analyze business activities, understand, and describe process flows, strengths and weaknesses, and develop suggestions to improve efficiency and effectiveness

• Willingness to learn new skills and tools and ability to collaborate

To Apply: The Final date to receive applications is September 28
** th****,2026(11:59 PM EST)*.
** Thisis a paid internship. Please note, summer housing is not provided.

Expected graduation between

Winter 2028

Spring 2029

Other Things to Know:

Salary Range:
Your regular wages for the 10 weeks…