Summer Associate Program - Federal Reserve Bank of New York

Summer Associate Program – Corporate Group
Summer Associate Program Description:
The Graduate Summer Associate Program provides outstanding graduate students with the opportunity to gain valuable work
experience with a unique institution. Through advanced project work assignments and professional development activities,
associates are provided with an extensive understanding of the work of the New York Fed. Summer associates will be given the
opportunity to enhance their business skills through critical financial analysis, formal presentations, research and writing.
Associates are assigned to a particular area or function for the summer, but they will also have opportunities for collaboration with
other associates and with employees from around the Bank. In addition to their daily responsibilities, associates attend weekly
presentations hosted by senior management. These presentations provide an extensive overview of the Bank's responsibilities and
operations, and offer a unique opportunity to learn about full-time career opportunities upon graduation. The summer program is the
largest recruitment source for the New York Fed’s full time campus hiring.
Corporate Group:
The Corporate Group provides various services to support the Bank and each of its business areas. These services include:
 Accounting and financial management;
 Business continuity, investment review and central project management;
 Real estate and building support, dining services, event planning, vendor management, procurement and travel;
 Enterprise data management; and,
 Business process excellence.
Summer Associates within Corporate can be placed in one of the following areas:
 Business Process Excellence Office – The BPE Office provides central support for BPE by consulting with business
areas on how to apply the discipline, coaching BPE project teams, monitoring the progress of BPE deployment across the
Bank, providing BPE tools and resources to business areas, and promoting best practices.
 Corporate Group Strategy and Operations (CGSO) – CGSO provides a full range of real estate and general services to
the Bank that are aligned with business needs and focused on efficiency, customer service, and cost effectiveness.
 Enterprise Data Management Office (EDMO) – The Enterprise Data Management Office (EDMO) is responsible for
driving, influencing, and coordinating data management initiatives to ensure achievement of Bank objectives with the FR
Board and other FRBs by concentrating its efforts primarily on strengthening three interrelated areas of data management.
 Financial Management (FM) – FM consists of two subdivisions, Corporate Accounting and Financial Planning and
Analysis.
o Corporate Accounting’s operating objective is to provide high-quality accounting support that is responsive to the
needs of business areas and customers. In addition, FM provides an oversight role to maintain the integrity of the
Bank's financial records.
o The core mission of Financial Planning and Analysis (FP&A) is to support and add value to the process of
managing and allocating resources in support of the Bank’s long-term strategic goals, to ensure the integrity of
financial control activities, and to promote efficiency in financial management processes.
 Strategic Investment and Resiliency Assessment Office (SIRA) – SIRA facilitates the Bank's business continuity
planning and investment review. SIRA supports the Operational Risk Committee (ORC), the Contingency Planning
Committee (CPC), and the Investment Review Committee (IRC).
Requirements:
The Summer Associate Program requires that applicants complete their first year of graduate study. The program is extremely
competitive and size is limited. Master’s degree program in Business Administration, Economics, Finance or Accounting is a plus.
Additional requirements include:
 Advanced knowledge of MS Excel, MS Word, MS Access;
 Strong analytical and critical thinking skills demonstrated by the ability to assimilate new information, make sound decisions,
and manage multiple tasks
 Ability to communicate effectively, both orally and written;
 Attention to detail; and
 Ability to work productively in a high-performance team atmosphere and as an independent associate.
Internships may require access to confidential supervisory information, or Federal Open Market Committee Data which is limited to "Protected
Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, U.S.
permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within
six months of being eligible to do so.

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