What are the responsibilities and job description for the 2026 Summer Intern - New York Innovation Center - Graduate position at Federal Reserve Bank of New York?
Company
Federal Reserve Bank of New York
2026 Summer Intern - New York Innovation Center - Graduate
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:
Our Unique Work:
The New York Innovation Center (NYIC) conducts technological research, experimentation, and prototyping to generate insights into high-value central-bank-related opportunities. As a group within the New York Fed, the NYIC informs leaders, researchers, and the public about potential applications of new financial technologies in central banking.
How You’ll Make an Impact as a Markets NYIC Intern – NYC (Graduate)
Other Things to Know:
Salary Range: Your regular wages for the 10 weeks will be paid on a semi-m
monthly basis and will be calculated based on an annual salary of $94,900
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.
Apply now if you’re ready to join us in strengthening the U.S. economy together. Want to consider our other opportunities? Click here to see all our open roles.
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 ny.leaves@ny.frb.org 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
Federal Reserve Bank of New York
2026 Summer Intern - New York Innovation Center - Graduate
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
Our Unique Work:
The New York Innovation Center (NYIC) conducts technological research, experimentation, and prototyping to generate insights into high-value central-bank-related opportunities. As a group within the New York Fed, the NYIC informs leaders, researchers, and the public about potential applications of new financial technologies in central banking.
How You’ll Make an Impact as a Markets NYIC Intern – NYC (Graduate)
- Contribute and work alongside a team of researchers, analysts, strategists, and technologists with common goals in research and development.
- Support the NYIC team in aligning on strategic objectives and the achievement of key outcomes.
- Collaborate with others to develop business cases, implementation plans, and/or key metrics to support the execution of strategic objectives.
- Conduct thorough technical and market research to identify innovative solutions and emerging technologies relevant to central banking.
- Analyze data and trends to provide insights and recommendations for potential applications of new technologies.
- Prepare detailed reports, presentations, and documentation to communicate research findings and strategic recommendations.
- Stay abreast of the latest developments in financial technology and innovation, providing regular updates and insights to the team.
- Expected graduation between Winter 2026 and Spring 2027
- Strong understanding of research methodologies and analytical techniques.
- Proficiency in data analysis tools and programming languages such as Python, R, or SQL.
- Strong analytical skills, with the ability to gather and analyze information, enrich a topic, prove/disprove a hypothesis, and create a narrative.
- Strong problem-solving skills and the ability to work independently as well as in a team environment.
- Excellent collaboration skills with an ability to scope a business problem and develop creative viable options for solving it.
- Keen interest in learning and working with new research tools, methodologies, and technologies, with a capacity to learn quickly and adapt to new situations.
- Familiarity with Agile development methodologies, such as Scrum or Kanban, is a plus.
- Excellent written and verbal communication skills to effectively present research findings and recommendations.
Other Things to Know:
Salary Range: Your regular wages for the 10 weeks will be paid on a semi-m
monthly basis and will be calculated based on an annual salary of $94,900
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.
- 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)
Apply now if you’re ready to join us in strengthening the U.S. economy together. Want to consider our other opportunities? Click here to see all our open roles.
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 ny.leaves@ny.frb.org 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
Salary : $94,900