2026 Summer Intern Risk Group Sophomore
2026 Summer Intern Risk Group Sophomore
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Job Description
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Federal Reserve Bank of New York2026 Summer Intern - Risk Group - SophomoreWhen 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 colleaguesall 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 eight 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 Risk Groups Mission is to help the Bank achieve its strategic objectives through value-added independent and integrated risk assessments independent risk oversight and by providing advice insight and tools that enhance resilience and improve business outcomes.
The candidate will be assigned to a Risk Group Function based on skillset and business need. Skills include a combination of technical strong analytical thinking and communication abilities.
How Youll 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 professionals 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 Were Looking For:
Ability todevelopand 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 October 5th 2025 (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 $65600.
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 youre 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.
Find Out Why Were an Award-Winning Workplace:
Top 3 Most Inspiring Public Sector Workplaces in North America (Inspiring Workplaces)
Early Talent Award Winner (Handshake)
Campus Forward Award Winner (Ripple Match 2023)
Our culture is deeply grounded in our Touchstone Behaviors. By working with us youll 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 youre 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 and well 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.
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.
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 ( or through verified Federal Reserve Bank social media channels.
Required Experience:
Intern
Employment Type
Full-Time
