2027 Summer Intern - Supervision Group - Sophomore

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 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 in 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 (Sophomore) 

The Summer Analyst provides outstanding undergraduate students with the opportunity to gain valuable work experience with a unique institution. Through advanced work assignments and professional development activities, Summer Analysts are provided with an extensive understanding of the work of the New York Fed.  Summer Analysts will be given the opportunity to enhance their business skills through critical financial analysis, formal presentations, research, and writing. Summer Analysts are assigned to a particular business area for the summer, and they will also have opportunities for collaboration with other Summer Analysts, and full-time employees.  

As a Summer Analyst, 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  

 To Apply:  The application deadline is September 28th, 2026 (11:59 PM EST) *. This is 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 will be paid on a semi-monthly basis and will be calculated based on an annual salary of $65,600 

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.