The candidate must have an expected graduation date of Winter 2025 or Spring 2026, an interest in banking, finance, business, economics, or public policy with a strong academic record, interpersonal and collaboration skills, written and verbal communication skills, organization and resourcefulness, ability to learn new tools/systems, experience with Microsoft Office Suite, solid analytical abilities, and a preferred cumulative GPA of 3.0.

The candidate will be responsible for supporting the research and market analysis conducted by the Markets Group, assisting with economic and financial data analysis, and providing support for the Group's funds, securities, trading and settlement activities.

Banking & Finance

United States

New York

Large

We are the San Francisco Fed, public servants with a congressionally mandated mission to promote a healthy and sustainable economy and support the nation’s financial and payment systems. With offices in Los Angeles, Seattle, Salt Lake City, and Portland, as well as cash processing in Phoenix, we are the Twelfth Federal Reserve District. We serve one fifth of the nation’s population—the largest and most diverse of the twelve Federal Reserve Districts within the Federal Reserve System.

As part of the nation’s central bank, we inform monetary policy, regulate banks, administer certain consumer protection laws, and act as a financial partner to the U.S. government. We listen, learn, and reflect the communities we serve so we can make better decisions and policy to help our nation thrive.

We also have unique responsibilities and areas of expertise within the Federal Reserve System. For example, the San Francisco Fed is the headquarters for the Federal Reserve’s Cash Product Office, which oversees and supports the entire System’s cash distribution process. With global technology hubs in our District, our Fintech team facilitates innovation that is designed to improve market efficiency, yield public benefits, and promote people and businesses’ fair, informed, and transparent access to financial services. As part of our commitment to understanding how current and future risks affect our dual mandate goals, our Sustainable Growth team in Economic Research focuses their research on assessing the economic effects of a changing climate.

Unreserved opportunity is the touchstone that guides our work. We believe opportunity is not a luxury—it is a necessity and needs to be accessible to everyone. By achieving our dual mandate of maximum employment and price stability, we see ourselves as opportunity builders, helping our economy and every American reach their full potential.


Finance

Federal Reserve Bank of San Francisco

Program Description:&nbsp;<ul><li>The Sophomore Career Exploration Internship provides outstanding undergraduate students with the opportunity to gain valuable work experience with a unique institution. Through project work assignments and professional development activities, sophomore interns are provided with both an introduction to professional life, and an understanding of the work of the New York Fed.&nbsp;</li><li>In addition to their daily responsibilities, sophomore interns will develop personal and professional skills to support their success in the workforce. Interns will experience a cohort-model of learning, while receiving a mentor pairing with a more experienced professional at the Bank. Sophomore interns will also have the opportunity to learn more about the Junior Summer Analyst program, which serves as a recruitment pipeline for the New York Fed’s entry-level hiring.&nbsp;</li></ul>What We Do:&nbsp;The Markets Group at the Federal Reserve Bank of New York consists of multiple business areas 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:&nbsp;<ul><li>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)&nbsp;</li><li>Monitors and analyzes financial market developments for key stakeholders and policymakers within the Federal Reserve System&nbsp;</li><li>Monitors and analyzes developments related to financial stability&nbsp;&nbsp;</li><li>Supports debt issuance and debt management on behalf of the U.S. Treasury&nbsp;</li><li>Provides foreign exchange services to the U.S. Treasury&nbsp;</li><li>Provides account services to foreign central banks, international agencies, and U.S. government agencies.</li></ul>

Currently Studying

Program Description: The Sophomore Career Exploration Internship provides outstanding undergraduate students with the opportunity to gain valuable work experience with a unique institution. Through project work assignments and professional development activities, sophomore interns are provided with both an introduction to professional life, and an understanding of the work of the New York Fed. In addition to their daily responsibilities, sophomore interns will develop personal and professional skills to support their success in the workforce. Interns will experience a cohort-model of learning, while receiving a mentor pairing with a more experienced professional at the Bank. Sophomore interns will also have the opportunity to learn more about the Junior Summer Analyst program, which serves as a recruitment pipeline for the New York Fed’s entry-level hiring. What We Do: The Markets Group at the Federal Reserve Bank of New York consists of multiple business areas 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 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.

2024 Sophomore Career Exploration Program - Markets Group - NYC

Requirements

Responsibilities

Federal Reserve Bank of San Francisco

Mission & Purpose