2027 Summer Intern - Audit Group - Junior Intern

Federal Reserve Bank (FRB); New York (NY); On-site; USD 61,000 - 83,000; Part time

Benefits offered by this job

Paid internship

Mentor support

Networking with senior leaders

Learning events with leaders

Job summary

The Federal Reserve Bank of New York offers a paid Undergraduate Summer Analyst Internship in its Audit Group. Juniors completing at least their sophomore year will perform auditing tasks, attend meetings, and support data analytics efforts under mentorship.

The program emphasizes collaborative learning, real-world impact, and professional development. Interns work ten weeks on a single business area, with opportunities to network across the Bank and gain insight into public service and

Qualifications

• Must have completed at least sophomore year of college.
• Strong interest in banking, business, economics, public policy, risk management or finance.
• Excellent analytical and written communication skills.

Responsibilities

• Assist in internal auditing activities including planning, controls testing, attending and minuting meetings, and reporting.
• Collaborate with Data Analytics to analyze and present audit information.
• Support special projects through research and information organization.
• Participate in department events.

Skills

Analytical skills

Microsoft Office

Written communication

Interpersonal skills

Team collaboration

Education

Sophomore year completed

Tools

Microsoft Office Suite

Job description

Company Federal Reserve Bank of New York

When you work at the New York Fed, youhave the opportunity tomake 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 timeremainsimportant 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 tenweeks, andhave 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 toassistthe Board of Directors in the effective execution of its responsibilities for the Bank and the Federal Reserve System.Internal Auditaccomplishesits purpose by providing independent, risk-based assurance and insight that strengthens the Federal Reserve System’s ability to fulfill its mission andmaintainpublic 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,attendingand 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
• Participatein 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,strengthsand weaknesses, and develop suggestions to improve efficiency and effectiveness
• Ability to workindependently,cooperatively in a team environment and build collaborative relationships
• Excellent interpersonal and written communication skills are necessary
• Demonstrated working knowledge of Microsoft Office Suite withdemonstratedability to develop and apply spreadsheets,databaseand research tools and graphic presentation

The application deadline is October 5th, 2026 (11:59 PM EST).

This is a paid internship.

Expected graduation between Winter 2027 Spring 2028

Other Things to Know: 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

We believe in transparency at the New York Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions

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 inquiries 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.