Undergraduate Summer Analyst Program - Office of Employee Benefits- Asset Management (Based in New Jersey)-262281

Primary Location NJ-Newark

Full-time / Part-time Full-time

Employee Status Temporary

Overtime Status Non-exempt

Travel No

Shift Day Job

 

     

At the Federal Reserve Bank of New York, the work we do is consequential and challenging. Our environment encourages growth anddiversity. Our employees flourish in a team-oriented atmosphere and are dedicated to the important mission of the New York Fed.

 

Program Description:  

The Summer Intern Program provides outstanding undergraduate students with the opportunity to gain valuable work experience with a unique institution. Through project work assignments and professional development activities, summer analysts are provided with an extensive understanding of the work of the Federal Reserve Employee Benefits System, which exists to serve employees and retirees from across the country and abroad.

The Office of Employee Benefits (OEB), located in Newark, N.J., comprises a staff of 52 professionals who oversee benefit programs for approximately 45,000 current and former employees of the Federal Reserve. The OEB was established in 1934 to administer the Federal Reserve System’s Retirement Plan. Over time, the OEB's responsibilities have expanded to include additional retirement benefits, health benefits, life insurance, long-term disability and other personal protection plans.

The OEB's mission is to be a center of excellence, providing leadership in formulating employee benefit programs and operating these programs on behalf of the Reserve Banks, Board of Governors and Consumer Financial Protection Bureau with outstanding customer service, sound and cost-efficient operations, professional expertise and ongoing innovation.

Summer interns at the OEB can be placed in any of the following areas, or in a rotation involving some or all of the following:

 

• Asset Management (investments)

• Communications

• Health and Welfare

• Legal and Compliance

• Plan Administration (benefits operations)

• Finance and Accounting

• Information Technology

 

The Summer Intern Program requires that applicants have completed at least their sophomore year of college by the beginning of the internship. The program is extremely competitive and size is limited. As a summer intern at the OEB, applicants must have a demonstrated interest in business, finance, benefits, human resources, information systems, legal, compliance, communications or a related discipline and a strong academic record. Specific skills may be required depending on area and project. General requirements include:

 

• Working knowledge of MS Excel, MS Word, MS PowerPoint;

• Strong analytical and critical thinking skills demonstrated by the ability to assimilate new information, make sound decisions and manage multiple tasks;

• Ability to communicate effectively, both orally and written;

• Ability to grasp information quickly;

• Attention to detail; and

• Ability to work productively in a high-performing, collegial atmosphere.

 

 

Summer housing is not provided.

 

Application Deadline: Applications will be reviewed on a rolling basis.

 

 

 

 

 

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You'll work in an environment with a diverse group of talented professionals to foster and support the safety, soundness, and vitality of our economic and financial systems. It's a challenge that demands the skills of a financial services professional and the intellectual curiosity of an academic—all combined with a passion for public service, as exemplified by our four core values:

 

Community - There are two facets to community here at the Bank: how we relate and connect with each other internally through our Resource Networks, and how we serve the Second District through our outreach initiatives

 

Career – The Bank is committed to leading and developing its people, providing career management and mobility opportunities that allows employees to realize their full potential.

 

Culture – The Bank’s culture is critical to the success of our mission. We offer a welcoming environment where teamwork is key; everyone’s views are respected. The Bank is committed to supporting work-life balance so employees can pursue a challenging career without giving up their passions outside of work.

 

Core Mission - Our work matters. We are part of a unique public service organization that plays a vital role in the word’s economic stage. We take pride in our role and the honest, integrity and respect we employ in all our interactions.

 

The Federal Reserve Bank of New York is committed to a work environment that respects and fully values the strengths and differences of its people. Working at the New York Fed provides talented professionals the chance to grow their skills at an institution that has served a critical role in the financial system of the United States and the world for over a century. An important component of the Bank’s diversity effort is our partnership with several professional non-profit organizations, including INROADS, JumpStart Advisory Group, NBDC Emerging Leaders, Seizing Every Opportunity, National Black MBA, Out for Undergrad, Prospanica and Reaching Out MBA.  Click here to learn more.