2025 Summer Program - Sophomore - Technology (TG) - Federal Reserve Bank (FRB)

Company

Federal Reserve Bank of New York

The Sophomore Career Exploration Internship gives you the opportunity to gain valuable work experience at a unique institution. Through project-based work and professional development activities, you’ll get both an introduction to professional life and an understanding of the New York Fed’s consequential and dynamic work.  In addition to your daily responsibilities, you’ll gain personal and professional skills to help you prepare for the next steps in your education and career journeys. You’ll be part of a collaborative and inclusive cohort and be paired with a mentor who’s excited to support you. During your internship, you’ll also learn more about our Junior Summer Analyst program, which serves as a recruitment pipeline for the New York Fed’s entry-level hiring.

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 will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.  
 
The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance. 

What we do:   

The Technology Group (TG) is responsible for the strategic planning and provisioning of automation services to the Bank. These include application development, data architecture, network, communications and data center infrastructure and operations, project management, technology vendor management, and overall information technology and information security. The Group also provides national information security, incident response, national remote access and enterprise search services for the Federal Reserve System.

Your role as a Summer Technology Group Intern:

• Candidates will be responsible for technology work in any of the Technology Group’s areas, including but not limited to information security, data management, software development, or end user services for the Bank.

• Responsibilities may include coding software, testing code, preparing and managing data, and/or running competitive analyses and research for the Bank’s technology teams.

• Additional responsibilities may include analyzing current and new technology architecture designs as well as implementing and deploying applications across multiple environments.

What we are looking for:  

The Sophomore Career Exploration Internship Program is open to applicants who have completed their sophomore year at a 4-year college by the beginning of the internship. The program is extremely competitive, and size is limited.

As a sophomore intern in the Technology Track, you have a demonstrated interest in computer science, information systems, application development, business technology, or related discipline and a strong academic record. Specific technical skills may be required depending on area and project. Other general requirements include:

• Must have an expected graduation date of Winter 2026 or Spring 2027

• Working knowledge of MS Office Suite

• Strong analytical and critical thinking skills demonstrated by the ability to assimilate new information, and manage multiple tasks

• Basic programming skills in one or more areas: Java, JavaScript, SQL, Scala, Python, HTM/CSS

• Ability to communicate effectively, both orally and written

• Ability to grasp information quickly

• Attention to detail

• Ability to work productively in a high-performance team atmosphere and as an independent analyst

 To Apply:Please include a resume and unofficial transcript. Applications for our 2025 Sophomore program close on October 4th, 2024 at 11:59pmEST*. For a full breakdown of the recruitment timeline, visit our website.

This is a paid internship. Please note, summer housing is not provided.

Salary Range: Your regular wages for the 8 weeks will be paid on a semi-monthly basis and will be calculated based on an annual salary of $65,600, less applicable taxes.We believe in transparency at the NY 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 Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.  

    

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.  

  

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.  

  

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.organd we’ll be glad to help.Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.   

  

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.  

  

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.   

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

No

Job Category

Internship

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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