2024 Graduate Summer Associate - Markets (NYC)

Federal Reserve Bank of New York

Sep 25, 2023

Applications are closed

Job
Full-time
Entry Level
Banking & Finance
$93K
New York

Requirements

The Markets Summer Associate Program is open to students graduating with an advanced degree during the winter 2024 or Spring 2025. The program size is limited. 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, but not required
Relevant professional work experience is also a plus, but not required

Responsibilities

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 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.
Your role as a Summer Associate in Markets:
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
Help execute the Group's funds, securities, trading and settlement activities, including the preparation and maintenance of preliminary internal reports, data entry of operations results, discrepancy follow-up and resolution, and testing the implementation of new products

Federal Reserve Bank of New York

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.