Legal Fellow Associate

Company

Federal Reserve Bank of New York

 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.

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. 

Legal Fellowship Program:  

The Legal Fellowship Program is a two-year assignment designed to give a recent law school graduate (including one in a clerkship or legal fellowship) the opportunity to work at the Federal Reserve Bank of New York.    

The Legal Fellow will rotate through the two divisions of the Legal Function within the Legal and Compliance Group.  Through this rotation, the Legal Fellow will have the opportunity to take on a wide variety of legal work, which may include the following types of matters, among others:  financial institution supervision and regulation, market and discount window operations, regulatory enforcement investigations, account and financial services, payments law and regulation, employment, transparency, contracts, and litigation.  The Legal Fellow also will have exposure to compliance work, including in the areas of financial crimes (anti-money laundering, countering terrorism financing, and economic sanctions programs), fraud, sensitive data, Markets Desk trading, ethics and conduct, third-party compliance, controls testing, and risk assessment.  

 

Our Unique Work:    

The Legal Function's mission is to provide high-quality legal services to the Bank.

The function is headed by the Bank's general counsel and is divided into two divisions, each headed by a deputy general counsel:  


* The Supervision, Markets, and Financial Services (SMFS) division provides legal advice in connection with (i) financial institution supervisory and regulatory matters, including legal support for supervision and regulatory reporting and legal analysis of regulatory applications; (ii) the Bank’s open market, U.S.

Treasury auction, foreign exchange, reference rate and discount window operations; (iii) the Bank’s external ...