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Company

Federal Reserve Bank of New York

2026 Summer Intern - Markets Group - Graduate (CHICAGO)

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 Graduate Summer Associate Program gives graduate students 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 and other notable institutions, giving them direct insight into the public service and financial services world

Graduate 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 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, monitoring and analyzing financial market developments, to managing foreign customer accounts.

Through its analytical and operational areas, the Markets Group:

+ Manages the size and composition of the Federal Reserve System's balance sheetconsistent with the directives and the authorization of the Federal Open Market Committee(FOMC)

+ Monitors and analyzes financial market developments for key stakeholders andpolicymakers within the Federal Reserve System Monitors and analyzes developmentsrelated to financial stability.

+ Supports debt issuance and debt management on behalf of the U.S. TreasuryProvides foreign exchange services to the U.S. Treasury

+ Provides account services to foreign central banks, international agencies, and U.S.government agencies.

How You’ll Make an Impact as a Markets Intern (Graduate) CHICAGO

+ Participate in projects related to analyzing and understanding global and domestic financial market developments

+ Support senior staff with economic and financial market data analysis

+ Prepare documentation which may include tables, charts and graphs used to support financial market monitoring and analysis conducted by the Group

The Unique Skill Sets We’re Looking For:

+ You should have a demonstrated interest in economics, public policy, 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 data regarding foreign and

+ domestic markets issues

+ Programming experience (e.g. Python, R) is a plus

+ Relevant professional work experience is also a plus

**To Apply:** The application deadline is **October 12** **th** **, 2025 (11:59 PM EST) *** **.** This is a paid internship. Please note, summer housing is not provided. Expected graduation between Winter 2026 & Spring 2027.

_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 $83,500.

_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. _

Find Out Why We’re an Award-Winning Workplace** **:

+ **Top 3 Most Inspiring Public Sector Workplaces in North America** (Inspiring Workplaces, 2024, 2025)

+ **Early Talent Award Winner** (Handshake, 2024, 2025)

+ **Campus Forward Award Winner** (Ripple Match, 2023, 2024, 2025)

**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. (https://www.newyorkfed.org/careers/touchstone-behaviors)

_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_ [email protected] _and_ _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._

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

Yes

Job Category

Internship Family Group

Work 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.

Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday\_Privacy\_Notice.pdf)