2027 Summer Intern - Markets Group - Chicago - Junior Intern
Company
Federal Reserve Bank of New YorkWhen 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.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 Undergraduate Summer Analyst Program gives undergraduate juniors 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 witha strong senseof 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 Feds, giving them direct insight into the public service and financial services world
Junior interns work in one specific business area or function for tenweeks, andhave 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 Markets Group at the Federal Reserve Bank of New York consists of multiple teams that fulfill a range of responsibilities, from planning and executing open market operations,monitoringand analyzing financial market developments, to managing foreign customer accounts.
How You’ll Make an Impact as a Markets Intern - CHI (Junior)
Through its analytical and operational areas, the Markets Group:
Manages the size and composition of the Federal Reserve System's balance sheet consistent with the directives and the authorization of the Federal Open Market Committee (FOMC)
Monitors and analyzes financial market developments for key stakeholders and policymakers within the Federal Reserve System
Monitors and analyzes developments related to financial stability
Supports debt issuance and debt management on behalf of the U.S. Treasury
Provides foreign exchange services to the U.S. Treasury
Provides account services to foreign central banks, international agencies, and U.S. government agencies.
As a summer analyst in Markets, you could be part of the following staff units: Capital Markets and Institutions, Central Bank and International Account Services, Cross Market Monitoring and Analysis, Cross Portfolio Policy and Analysis, Discount Window and Collateral Valuation, International Markets, Money Markets, Mortgage Markets, or Treasury Markets. This list is notexhaustive,and opportunities are dependent on Business need.
Summer Analyst Responsibilities (include):
Prepare charts, tables,graphsand other supporting documentation to be used in the research and market analysis conducted by the Group
Support senior staff with economic and financial data analysis
Help execute the Group's funds, securities,tradingand settlement activities, including the preparation and maintenance of preliminary internal reports, data entry of operations results, discrepancy follow-up and resolution, and testing the implementation of new products
The Unique Skill Sets We’re Looking For:
You should have a demonstrated interest in financial markets, economics, public policy or finance, and a strong academic record. You should also have:
Quantitative analysis skills and familiarity working with spreadsheets, databases, and analytical tools (e.g.Excel, SQL).
Academic exposure and/or experience in international and domestic capital markets and instruments, and US monetary policy and economics
Ability to source, prepare, and visually represent data for written reports using common tools (e.g.Excel, Tableau)
Ability to perform preliminary research and help prepare dataregardingforeign and domestic markets issues
Programming experience (e.g.Python, R) is a plus
To Apply: The application deadline isOctober5th , 2026(11:59 PM EST) *. This is a paid internship. Please note, summer housing is not provided.Expected graduation between Winter 2027& Spring 2028.
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 $63,400
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. Whetheryou’restretching into the job or are a more seasoned candidate, we aim to pay competitively for you
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’llhave the opportunity to develop anddemonstrateyour 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 achievesuccess, andset clear expectations for leading with impact at every stage of your career.Learn more.
Apply now ifyou’reready to join us in strengthening the U.S. economy together. Want to consider our other opportunities?Click hereto 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 aboutourcode of conduct and conflicts of interest rules.
We value accessibility for all candidates and are happy to provide an accommodation orassistance. Please email us at[email protected] andwe’llbe glad to help. Please note, this is a dedicated e-mail box designed exclusively toassistapplications 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,skillsor working conditions associated with the job. While this is intended to bean accuratereflection 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.
Full Time / Part Time
Full timeRegular / Temporary
TemporaryJob Exempt (Yes / No)
NoJob Category
Internship Family GroupWork Shift
First (United States of America)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.