2027 Summer Intern - Audit Group - Sophomore Intern

Federal Reserve System; New York (NY); On-site; USD 666,000 - 798,000; Full time

Benefits offered by this job

Paid internship

Job summary

Federal Reserve Bank of New York is offering a Sophomore Audit Intern position. You will participate in planning, controls testing, attending and minuting audit meetings, and reporting under guidance from Internal Audit.

As a Sophomore intern, you will have access to the Data Analytics team for analysis and presentation, work on special projects, and engage in department events. Eligibility requires at least freshman year and strong analytic, communication skills.

Qualifications

• Demonstrated interest in banking, business, economics, public policy or finance with strong academics.
• Detail oriented with excellent interpersonal and written communication skills.
• Comfort with MS Office (Excel, Word, PowerPoint) and Acrobat.
• Ability to execute audit procedures and testing for control compliance.
• Strong analytical skills to understand processes and identify improvements.

Responsibilities

• The role includes planning, controls testing, attending and minuting audit meetings with clients, and reporting.
• Where applicable, collaborate 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 within the department.

Skills

Interest in banking/public policy

Attention to detail

Written communication

Teamwork

Independent work

Education

Sophomore year in college or higher

Tools

Microsoft Office Suite

Adobe Acrobat

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 Sophomore Career Exploration Internship gives undergraduate sophomores 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 Fed, giving them direct insight into the public service and financial services world

Sophomore 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 (Sophomore)

• 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 freshman 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

• Detail oriented with excellent interpersonal and written communication skills

• Demonstrated working knowledge of Microsoft Office Suite (e.g., Excel, Word, PowerPoint) and Acrobat

• 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 as well as in a team environment

The application deadline is September 28th, 2026 (11:59 PM EST). This is a paid internship. Please note, summer housing is not provided. Expected graduation between Winter 2028 Spring 2029.

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 $65,600.

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 is 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 email box is designed exclusively to assist job applicants with accommodation requests. All other inquiries, including the status of applications, will not receive a response.

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

Temporary

No

Internship Family Group

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.