Full-Time

Summer Law Clerk-Legal Group

Confirmed live in the last 24 hours

The Federal Reserve System

The Federal Reserve System

1,001-5,000 employees

Central bank managing U.S. monetary policy

Fintech
Financial Services

Compensation Overview

$94.9kAnnually

Entry

No H1B Sponsorship

New York, NY, USA

Hybrid in-person/remote work environment; must reside within commutable distance of New York City.

US Citizenship Required

Category
Legal & Compliance
Clerk
Clerical & Data Entry
Requirements
  • Must be a first-year law student
  • Outstanding academic records
  • Strong research and writing skills
  • Interest in and commitment to public sector employment
  • Maturity and personal achievement
Responsibilities
  • Receive challenging, diverse assignments from the Legal Function
  • Conduct legal research and writing
  • Engage in assignments typical of junior attorneys
  • Be paired with mentors for guidance
The Federal Reserve System

The Federal Reserve System

View

The Federal Reserve System serves as the central bank of the United States, playing a crucial role in shaping the nation's economy and financial stability. It formulates national monetary policy, which involves managing interest rates and money supply to promote economic growth and control inflation. The Federal Reserve also supervises and regulates banks and bank holding companies to ensure a safe and sound banking system. Additionally, it provides financial services to banks and the U.S. government, acting as a bank for banks. What sets the Federal Reserve apart from other financial institutions is its unique position as a government entity that operates independently to achieve its economic goals. The primary goal of the Federal Reserve is to foster a stable financial system and a healthy economy, ultimately benefiting the public and the global economy.

Company Stage

N/A

Total Funding

N/A

Headquarters

null, null

Founded

1913

Simplify Jobs

Simplify's Take

What believers are saying

  • FedNow Service's expansion could improve transaction efficiency and customer satisfaction.
  • Increased focus on digital currency may enhance regulatory and innovation capabilities.
  • Basel III Endgame discussions may strengthen financial system resilience.

What critics are saying

  • Leadership changes may lead to shifts in policy direction.
  • Large bank mergers could increase scrutiny on competition and fair lending.
  • Slow adoption of FedNow by major banks may hinder its effectiveness.

What makes The Federal Reserve System unique

  • The Federal Reserve is the central bank of the United States.
  • It plays a crucial role in formulating national monetary policy.
  • The Fed supervises and regulates banks and bank holding companies.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

401(k) Retirement Plan

Paid Vacation

Paid Sick Leave

Paid Holidays

Pet Insurance

Wellness Program