2027 Summer Intern - Markets Group - New York Innovation Center - Graduate Intern

About this role

Company Federal Reserve Bank of New York

When you work at the New York Fed, you have the opportunity to make 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 time remains important to achieving our mission.  

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 New York Innovation Center (NYIC) conducts technological research, experimentation, and prototyping to generate insights into high-value central-bank-related opportunities. As a group within the New York Fed, the NYIC informs leaders, researchers, and the public about potential applications of new financial technologies in central banking.  

How You’ll Make an Impact as a Markets NYIC Intern – NYC (Graduate)  

• Contribute and work alongside a team of researchers, analysts, strategists, and technologists with common goals in research and development.  

• Support the NYIC team in aligning on strategic   objectives   and the achievement of key outcomes.  

• Collaborate with others to develop business cases, implementation plans, and/or key metrics to support the execution of strategic   objectives .  

• Conduct thorough technical and market research to   identify   innovative solutions and emerging technologies relevant to central banking.  

• Analyze data and trends to provide insights and recommendations for potential applications of   new technologies .  

• Prepare detailed reports, presentations, and documentation to communicate research findings and strategic recommendations.  

• Stay abreast of the latest developments in financial technology and innovation, providing regular updates and insights to the team.  

The Unique Skill Sets We’re Looking For:  

• Strong understanding of research methodologies and analytical techniques.  

• Proficiency   in data analysis tools and programming languages such as Python, R, or SQL.  

• Strong analytical skills, with the ability to gather and analyze information, enrich a topic, prove/disprove a hypothesis, and create a narrative.  

• Strong problem-solving skills and the ability to work independently as well as in a team environment.  

• Excellent collaboration skills with an ability to scope a business problem and develop creative   viable   options for solving it.  

• Keen interest in learning and working with new research tools, methodologies, and technologies, with a capacity to learn quickly and adapt to new situations.  

• Familiarity with Agile development methodologies, such as Scrum or Kanban, is a plus.  

• Excellent written and verbal communication skills to effectively present research findings and recommendations.  

  To Apply:   The application deadline is   October   5 th , 202 6   (11:59 PM EST) *.   This is a paid internship. Please note, summer housing is not provided.   Expected graduation between Winter 202 7   & Spring 202 8 .  

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 .   

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 val

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