All positions for the 2008 summer program have been filled. Recruiting for the 2009 summer program will begin on December 1, 2008.

Overview

The Legal Function handles all of the Bank's legal work, including managing the Bank's involvement in litigation, conducting transactions and formulating general policy, participating in negotiations, and drafting and reviewing documents, contracts and correspondence. It consists of the following divisions: The Bank Supervision and Markets Division handles matters relating to bank and bank holding company regulation and supervision, capital markets and the developing law of domestic and international payments. The Financial Services and Automation Division represents the Bank in its financial activities, including the electronic transfers of funds and securities, the collection of checks and the processing of automated clearing house items. It also supports the Bank's account relationships with foreign central banks and international financial organizations and handles contract and procurement matters for the entire Bank. The Enforcement, Litigation, Protection, Investigations and Corporate Affairs Division handles all litigation in which the Bank has an interest, pursues regulatory enforcement investigations and formal actions and supports the corporate activities of the Bank. Protection oversees the force of armed protection officers that ensures the physical security of the Bank's property and employees.

Program Structure

The Legal Function hires four first-year law students each summer for a 10-week clerkship program. Law Clerks receive challenging, diverse assignments from each of the three divisions of the Legal Function. The assignments usually involve legal research and writing, and are typical of the assignments given to attorneys in the Legal Function. Law Clerks are paired up with mentors for the summer to provide guidance on a personal and professional basis. Many cultural and social activities are planned for the enjoyment of the Law Clerks and other members of the Group, including wine and cheese receptions, a tour of the New York Stock Exchange, a lunch in Chinatown and other events. Law Clerks are paid approximately $3,033 semi-monthly.

Qualifications

First-Year Law Students: The Summer Law Clerk Program requires that applicants complete their first year of law school by the beginning of the clerkship—late May/early June. The program is highly competitive and the size is limited to four Law Clerks. We seek applicants with intellect, creativity and drive. We look for outstanding academic records, evidence of strong research and writing skills, relevant work experience, an interest in and commitment to public sector employment, maturity and personal achievement. Applicants must be available for in-Bank interviews during January, February and March. Second-Year and Third-Year Law Students: The Legal Function does not currently hire second-year law students for summer positions or hire third-year law students for attorney positions. Accordingly, we are unable to accept applications from second-year or third-year students. Experienced Attorneys: Positions in the Legal Function for experienced attorneys become available from time to time. These positions are posted separately, so please submit resumes for such positions directly to the appropriate listing or check this site in the future for further updates. Applicants should submit their resumes electronically. Search Current Openings All applications must be received no later than March 31. It is not necessary to include your transcript when you submit your resume for consideration. Selected candidates may be requested to supply this information at a later date.