Sophomore Summer Internship – Legal & Compliance

About the role

The Federal Reserve Bank of New York offers a ten‑week Summer Internship for undergraduate sophomores interested in legal and compliance work. Interns join a cohort, receive mentorship, and contribute to real projects that support the Bank’s mission of financial stability.

Key responsibilities

• Assist the Compliance Function with risk identification related to anti‑money laundering, sanctions, fraud, and data management.
• Support Group Operations and Strategy by contributing to business operations, prime services, and risk‑management planning.
• Provide research and drafting assistance to the Legal Function on regulatory and contractual matters.
• Participate in cross‑functional meetings and collaborate with staff across the Legal & Compliance Group.

Required profile

• Currently enrolled as a sophomore in an undergraduate program.
• Strong interest in legal, regulatory, or compliance fields.
• Analytical mindset with good written and verbal communication skills.
• Ability to work onsite in New York for the full ten‑week period.

Required skills

What we offer

• Cohort‑based learning environment with a strong sense of community.
• Mentorship from experienced professionals throughout the program.
• Access to learning events featuring senior leaders from the New York Fed.
• Opportunities to network with mission‑driven colleagues across the Bank.
• Hands‑on experience that builds skills and professional connections for future careers.