2027 Summer Intern - Audit Group - Junior Intern

Federal Reserve System; New York (NY); On-site; USD 134,000 - 179,000; Full time

Job summary

The New York Fed is seeking an Audit Intern (Junior) to assist the Internal Audit group with planning, controls testing, meeting attendance and reporting. You will also collaborate with the Data Analytics team to analyze audit information and support special projects with research and organizing information.

Eligible candidates have completed at least their sophomore year, possess an interest in banking or public policy, strong analytical and communication skills, and the ability to work both

Qualifications

• Interest in banking, economics, public policy or finance with strong academics.
• Knowledge of risk management principles.
• Ability to execute audit procedures and analyze controls.

Responsibilities

• Handle all aspects of internal auditing, including planning, controls testing, meetings and reporting.
• Collaborate with Data Analytics to analyze audit information.
• Support special projects with research and information organization.
• Participate in team events with the department.

Skills

Interest in banking

Analytical skills

Communication skills

Teamwork

Education

Undergraduate student (sophomore year)

Tools

Microsoft Office

Job description

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.

Program Description

The Undergraduate Summer Analyst Program gives undergraduate juniors the opportunity to gain valuable work experience at a unique institution. Through dynamic, project-based work assignments and professional development activities, students get:

• A cohort-based learning model with a strong sense of community
• Real-world experience that helps them build strong skills and knowledge in their area of interest
• The chance to contribute to meaningful work that makes an impact on the lives of all Americans
• Opportunities to meet, network with, and work alongside our mission-driven, curious colleagues-all of whom are happy to share their experiences and advice
• An experienced professional mentor to support them throughout the program
• Access to learning events with senior leaders from the New York Feds, giving them direct insight into the public service and financial services world

Junior interns work in one specific business area or function for ten weeks, and have access to opportunities for collaboration with other students and employees from around the Bank.

At the end of the program, students leave with strong skills, professional connections, and meaningful experiences that will support them in their long-term careers.

Our Unique Work

The primary purpose of the Federal Reserve Bank of New York's Audit Group (Internal Audit) is to assist the Board of Directors in the effective execution of its responsibilities for the Bank and the Federal Reserve System. Internal Audit accomplishes its purpose by providing independent, risk-based assurance and insight that strengthens the Federal Reserve System's ability to fulfill its mission and maintain public trust.

How You'll Make an Impact as an Audit Intern (Junior)

• The role will include all aspects of internal auditing, including planning, controls testing, attending and minuting audit meetings with clients, and reporting
• Where applicable, work with Internal Audit's Data Analytics team to analyze and present audit information
• Support special projects by conducting research and organizing information
• Participate in team events with the department

The Unique Skill Sets We're Looking For

• The summer analyst opportunity in the Audit Group is open to candidates who have completed at least their sophomore year of college by the beginning of the internship
• You must have a demonstrated interest in banking, business, economics, public policy, risk management or finance with a strong academic record and passion for public service
• Knowledge of risk management principles
• Risk-focused perspective, with the ability to understand and review financial and/or information technology risks and controls within business processes
• Ability to execute audit procedures and testing for control compliance
• Good analytical skills, including ability to analyze business and financial activities, understand and describe process flows, strengths and weaknesses, and develop suggestions to improve efficiency and effectiveness
• Ability to work independently, cooperatively in a team environment and build collaborative relationships
• Excellent interpersonal and written communication skills are necessary
• Demonstrated working knowledge of Microsoft Office Suite with demonstrated ability to develop and apply spreadsheets, database and research tools and graphic presentation

Other Things to Know

Salary Range: Your regular wages for the 10 weeks will be paid on a semi-monthly basis and will be calculated based on an annual salary of $72,100

This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of "protected individual" under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.

Our culture is deeply grounded in our Touchstone Behaviors. By working with us, you'll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success, and set clear expectations for leading with impact at every stage of your career. Learn more.

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at [e-mail] and we'll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

No

Job Category

Internship Family Group

Work Shift

First (United States of America)

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.