Summer 2027 Intern – Audit Intern – OIG

Federal Reserve Board; Washington (District of Columbia); On-site; USD 37,000 - 45,000; Full time

Job summary

The Federal Reserve Board offers internship opportunities for undergraduate and graduate students in economics, finance, accounting, information systems, and data analysis. Interns work under a supervisor or mentor and participate in audits, evaluations, and inspections of Board and CFPB programs.

Locations are in Washington, DC, with options for in-person, remote, or hybrid arrangements depending on team needs. Applicants must be U.S.

Qualifications

• Enrolled in an undergraduate or graduate degree program and returning to continue studies after internship.
• U.S. citizenship required.
• Internships are paid and may be in-person, remote, or hybrid depending on team needs.

Responsibilities

• Assist as a team member on audits, evaluations, inspections, or other reviews.
• Support planning activities to establish objectives, scope, and methodology.
• Gather data, conduct analysis, and prepare workpapers.
• Develop findings and messages for applicable reviews.
• Possibility to participate in presentations to OIG senior management.
• Attend meetings with Board division representatives, Reserve Bank officials, or CFPB officials.

Skills

Communication

Data analysis

Problem solving

Attention to detail

MS Office

Teamwork

Education

Accounting / Economics / Finance

Tools

Excel

Word

PowerPoint

Job description

Always verify and apply to jobs on the official Federal Reserve Board career site or through verified Federal Reserve Board social media channels.

Minimum Education

Enrolled in an undergraduate or graduate degree program at an accredited university and returning to continue studies after the internship.

Minimum Experience

0

Summary

The Federal Reserve Board (Board) provides students opportunities for career success. The Board’s Internship program is designed to provide valuable work experience for undergraduate and graduate students considering careers including, but not limited to, economics, finance and accounting, information systems, and data analysis. The Board believes that by combining academic endeavors with project-related work experience, qualified and capable college students can gain the practical knowledge need in a competitive global job market. Internships are paid positions with salaries commensurate with credit hours; internships may be in-person, remote or hybrid, depending on the needs of the team. Employment in the Board’s internship program is granted to U.S. citizens. Applicants must be currently enrolled in an undergraduate or graduate degree program at an accredited university and returning to continue studies after the internship. Interns receive a syllabus or research project plan outlining their projects and goals for the internship. Interns are assigned a supervisor or mentor to guide them through their internship, and regular check-in meetings with their manager to manage performance expectations and assist with learning goals. Interns have access to a wide range of training programs and events for professional development purposes.

Principal Duties And Responsibilities

The Board of Governors of the Federal Reserve System’s (Board’s) Office of Inspector General conducts audits, evaluations, and inspections of the Board and the Consumer Financial Protection Bureau’s (CFPB’s) programs and operations to assess and promote economy, efficiency, and effectiveness in these programs and operations while helping to prevent and detect fraud, waste, and abuse. The Audit Intern will assist in conducting audits, evaluations, and inspections of Board and CFPB programs and operations.

• Assists as a team member on audits, evaluations, inspections, or other reviews.
• May support the team in conducting its planning activities for the applicable review to establish the appropriate objectives, scope, and methodology.
• May assist in gathering data, conducting analysis, and preparing workpapers.
• May assist in developing the findings and message for the applicable review.
• Potential to participate in presentations to OIG senior management.
• May participate in meetings with Board division representatives, Reserve Bank officials, or CFPB officials.

Remarks

There are three audit intern positions available within groups conducting the following types of work:

• reviews of the Board’s and CFPB’s financial institution oversight programs
• operational components of the Board and the CFPB, including divisions that are responsible for human capital; personnel security; records management; data governance; economic research (Board), and Board member support (Board)
• performance audits, evaluations, and inspections in areas such as procurement, facilities, payment systems, consumer affairs, and Reserve Bank oversight

Find Out More About The OIG

• About Us – https://oig.federalreserve.gov/aboutus.htm
• Reports – https://oig.federalreserve.gov/reports.htm
• Careers – https://oig.federalreserve.gov/careers.htm

Suggested Major(s)/Minor(s)

Accounting, economics, finance, public administration, or information technology, either graduate or undergraduate

Required Skills And Knowledge

• Strong oral and written communication skills, data analysis skills, as well as intellectual curiosity and professional skepticism.
• Strong and highly adaptable problem solving skills.
• Strong attention to detail, accuracy, analytical and critical thinking skills.
• Proficient in Microsoft Office (Excel, Word, PowerPoint).
• Ability to work independently and in teams.

Required Documents For Application

• résumé
• cover letter describing interest in an audit internship with the Board and CFPB OIG
• two letters of recommendation
• unofficial transcript

Location

The internship location is in Washington, DC, primarily onsite.

US Citizenship is required. Applicants must be current students, graduating from their program August 2027 or later. Proof of enrollment will be required.

Keywords

#OIG, #audit, #auditing, #performanceaudits, #FRB, #CIGIE, #oversight, #compliance, #compliancereview, #evaluation

Learn more about our internship program

https://www.federalreserve.gov/careers-internships.htm

Job Type

Intern (Fixed Term)

Job Exempt

No

Relocation Provided:

No

Compensation Grade(s)

FH Pay Grade 20 - FH Pay Grade 22

Pay

$26.68 - $33.65

Rehabilitation Act

The Board complies with the Rehabilitation Act of 1973, as amended, and provides job applicants with disabilities reasonable accommodations to assist them in applying for jobs at the Board. If you have a disability and would like to request an accommodation in order to apply for a job at the Board, please call 202-452-3880 or e-mail [e-mail].

Equal Opportunity Employer

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or application, membership, or service in the uniformed services.

Privacy

You may review the Federal Reserve Board's Privacy Act Notice at https://www.federalreserve.gov/careers/files/fr1273.pdf.

Paperwork Reduction Act

OMB No. 7100-0181
Approval Expires October 31, 2029
Public reporting burden for this collection of information is estimated to average 0.26-0.71 hours per response, including the time to gather and maintain data in the required form and to review instructions and complete the information collection. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden to: Secretary, Board of Governors of the Federal Reserve System, Washington, DC 20551; and to the Office of Management and Budget, Paperwork Reduction Project (7100–0181), Washington, DC 20503. The Federal Reserve may not conduct or sponsor, and an organization (or a person) is not required to respond to a collection of information unless it displays a currently valid OMB control number.