Summer Intern, Compliance

New York, New York, United States

Our Vision: To make New York City the global model for inclusive innovation and economic growth, fueled by the City’s diverse people and businesses.   

Our Mission: Creating a vibrant, inclusive, and globally competitive economy for all New Yorkers. 

Internship Program Overview: Our 2025 Summer Internship Program is a paid 10-12-week internship program, scheduled to begin on June 2, 2025. Interns are expected to work full-time throughout the summer.  

Summer interns will join an intern class consisting of undergraduate and graduate students to work on exciting projects in one of EDC’s many dynamic departments. Summer Interns will also participate in training programs, networking events, and other professional development opportunities over the course of the program.  

Our Summer 2025 Internship Program application deadline is Monday, December 2. All materials must be submitted by EOD that date – incomplete or late applications will not be considered. 

Department Overview: The Compliance Department at NYCEDC ensures that projects successfully realize their value to the city of New York and enforces remedies when contractual obligations are not met. Compliance is responsible for the management, administration, and reporting of a diverse portfolio consisting of New York City Industrial Development Agency (NYCIDA) and Build NYC Resource Corporation (Build NYC) transactions, NYCEDC land sales, applied science projects, certain loan agreements, and Business Incentives Rate energy saving program. In addition, Compliance plays a critical role in the preparation of annual public disclosure reports as mandated by State and local laws.  

The Intern will assist Compliance Project Managers who are responsible for the day-to-day management, maintenance, data accuracy, and enforcement of a diversified portfolio. The Intern will also engage in special projects assigned by Senior Vice President, Vice Presidents and Assistant Vice Presidents. 

Intern Responsibilities: 

  • Assist Project Managers with the tasks to manage and administer portfolios of economic development agreements, including: 
    • Reading transaction documents to determine project requirements and covenants 
    • Obtaining and analyzing required reporting documents in order to verify client compliance with various project requirements. 
    • Maintaining and updating the Compliance database 
    • Maintaining files and drafting correspondence/memos documenting client compliance, defaults, and corrective actions  
    • Preparing and conducting site visits to inspect construction progress that is compliance with project agreements. 
    • Contacting portfolio project contacts via phone and email  
  • Other duties as assigned 

Qualifications & Requirements: 

  • Preferred field(s) of study: Business, Economics, Finance, Public Policy, and any related fields 
  • Must be enrolled in an undergraduate or graduate degree program; recent graduates are also encouraged to apply 
  • Demonstrated enthusiasm for the mission of NYCEDC 
  • Demonstrated written, verbal, and analytical skills  
  • Demonstrated experience in using database and presentation tools, including Excel, PowerPoint, and Word 
  • Detail-oriented and organized, with the ability to multi-task and manage deadlines 
  • Ability to work in collaborative, cross-functional teams 
  • Ability to work full-time, Monday-Friday 9AM-5PM and complete the entirety of the 10-week program 

Salary Target: $19.00/hour (undergraduate-level students); $24.00/hour (graduate-level students) 

For more information, visit our website at edc.nyc. 

Salary Range

$19 - $24 USD

About Us: New York City Economic Development Corporation is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers. We take a comprehensive approach, through four main strategies: strengthen confidence in NYC as a great place to do business; grow innovative sectors, with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city’s future economy. 

NYCEDC is committed to offering competitive benefits to support employee health, happiness, and work-life balance.  We offer comprehensive benefits and unique perks to ensure NYCEDC employees flourish in their professional and personal lives:  

  • Generous employer subsidized health insurance 
  • Medical, dental, and pharmacy plans  
  • Vision and hearing benefits
  • Flexible spending accounts for healthcare and dependent care  
  • Short term and long-term disability coverage
  • 100% employer covered life insurance and supplemental life insurance coverage
  • Up to 25 vacation days
  • Floating Holidays and Summer Fridays
  • Parental leave - up to 20 paid weeks
  • Retirement savings programs
    • Company-paid 401(a) defined contribution plan
    • 457(b) tax-advantaged retirement savings plan
  • Tuition Reimbursement program
  • Continuing education and professional development
  • Public Service Loan Forgiveness (PSLF) eligible employer
  • College savings plan
  • Backup childcare  
  • Gym membership discounts
  • A Calm.com membership for mindfulness and mental health support  
  • Employee discounts through Plum Benefits and much more   

Benefits listed above may vary based on the length and nature of your employment with New York City Economic Development Corporation. These benefits are subject to be modified at any time, at the discretion of the organization. 

The New York City Economic Development Corporation is an Equal Opportunity Employer. Our Diversity, Equity, and Social Responsibility Mission is to create a People First strategy by attracting, retaining, and engaging a diverse and talented workforce. Like the city of New York, NYCEDC knows our strength comes from each of our connected parts, making the fabric of our organization better and stronger because of our unique employees' talents. 

For more information, visit our website at edc.nyc. 

 

 

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