2027 Summer Intern - Risk Group - Sophomore 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 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 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 professional s   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 application deadline is   September 28 th ,   2026   (11:59 PM EST)   * .   This   is a paid internship. Please note, summer housing is not provided.   Expected graduation between   Winter 202 8   Spring 202 9  

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 a

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