Federal Reserve Bank of New York Associate Interview Questions
& Process

You will go through multiple interview rounds. The first round will be with two senior attorneys who focus on different fascinating areas within the NY Fed. The second round will be about 3 hours long and involve multiple interviewers. They want to assess your ability to keep up, think on your feet, and if you are a normal person. Everyone is very nice and open, but it's a very intense and competitive process.

I got referred by a friend to this job and was super excited about the NY Fed's mission. A recruiter called me pretty fast and set up a screener. Then, I had two panel interviews with a bunch of interviewers asking mostly behavioral questions about my past work. I thought it went great, but then... nothing. They said they'd let me know by the end of the week, but I heard nothing. I followed up with the recruiter, no reply. After three weeks, I reached out to my friend, who said the Fed is really slow and HR has had a lot of turnover. The next week, I interviewed somewhere else and got an offer quickly. I told the Fed recruiter I'd rather work there, but it didn't seem to change anything. I didn't take the other offer. Another month passed, and the recruiter emailed saying I was still in the running but might fit another role better. I asked about the timeline for that, and they said "about 2 weeks." So, I did two more panel interviews, really hoping for a position. And guess what? Same old story... radio silence from the recruiter for a whole month. I even tried reaching out to interviewers directly, no response. My friend at the Fed then talked to the recruiter, and *then* I got an email saying I wasn't selected (2 months after the interview!). I was shocked that a place that supposedly values its employees doesn't respect candidates' time. They wasted months of mine. My friend mentioned that HR at the Fed just went through a big reorganization and that's why things are slow and people are leaving, leaving many positions open. I bet others had this happen too, but with the job market, people have other options. This whole experience was unprofessional.

I went through 2 phone interviews for this role. They were 2-on-1 with senior associates, managers, and directors. The interviews were mainly behavioral with some situational questions. The interviewers were nice, but hiring decisions seem to be slow. It's been 4 months since I applied, 2 months since I was shortlisted, 1 month since the first round, and another month after the second round with no updates. Maybe it's because of COVID, but I expected a faster process.