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2024 Sophomore Career Exploration Program - Legal & Compliance Group

Applications are closed

  • Internship
    Full-time
    Summer Internship
  • Banking & Finance
  • New York

Requirements

  • A demonstrated interest in finance, accounting, economics, capital markets, business, ethics and compliance, or operational management with a strong academic record and passion for data analysis. 
  • High interest in Finance, Banking, or Economics, with a strong academic record and a passion for public service.
  • Detail oriented with excellent interpersonal and written communication skills. Demonstrated working knowledge of Microsoft Office Suite (e.g., Excel, Word, PowerPoint) and Acrobat.
  • Ability to work independently as well as in a team environment.
  • Preferred cumulative GPA: 3.0
  • Expected graduation between Winter 2025 and Spring 2026

Responsibilities

  • The Legal & Compliance Group comprises five separate and distinct Functions: Bank Applications, Compliance, Group Operations and Strategy, Legal, and Records Management. Internships will be available in the:
  • Compliance Function: Identifies and assesses risks related to the failure to comply with the Bank's code of conduct, internal policies, and regulations principally associated with anti-money laundering, U.S. economic sanctions compliance, fraud risk, sensitive data management, trading operations, and other restrictions related to employee conduct.
  • Group Operations and Strategy Function: Provides the Legal & Compliance Group with resources and strategies in furtherance of group and Bank objectives through its three business units: Business Operations and Strategy, GOAS Prime Services, and Risk Management and Contingency Planning.
  • Legal Function: Provides effective, efficient and client-focused legal services to the Federal Reserve Bank of New York. The Enterprise Legal Services (ELS) division provides a range of expertise in support of the Bank’s mission and operations through its four business units: Enforcement and Litigation, Financial Intelligence and Investigations, Employment and Corporate Matters, and Technology and Contracts.
  • 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.

Serving the Second District and the Nation

Finance
Industry
1001-5000
Employees
1914
Founded Year

Mission & Purpose

The Federal Reserve Bank of New York works within the Federal Reserve System and with other public and private sector institutions to foster the safety, soundness and vitality of our economic and financial systems. Some of its most critical functions include the implementation of monetary policy, supervision and regulation of depository institutions, international operations and financial services. The New York Fed oversees the Second Federal Reserve District, which includes New York State, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico and the U.S. Virgin Islands. Though we serve the public interest in a geographically small area, the New York Fed is the largest Reserve Bank in terms of assets and volume of activity. We accomplish this with talented and innovative people working within a collaborative and inclusive culture. We welcome and invite engagement and discussion on our Linkedin page. In order to maintain a productive exchange of thoughts, opinions, and ideas we prohibit any comments that contain: •Defamation of an individual, group or organization •Spam: posting identical or similar posts repeatedly •Obscenity or vulgarity •Misleading or fraudulent statements and false information •A violation of another’s intellectual property rights •commercial in nature The views, opinions and experiences expressed in user-submitted comments are solely those of the author and do not necessarily reflect those of the Federal Reserve Bank of New York. We reserve the right to remove comments, at our discretion and without notice.

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