Undergraduate Intern – Business Analysis Focus

Federal Reserve Bank of Minneapolis; Minneapolis (MN); On-site; USD 32,000 - 34,000; Full time

Job summary

Federal Reserve Bank of Minneapolis is offering a 12-week summer internship for undergraduate students to learn about the nation's central banking system. Interns are matched to departments, perform work that supports risk, audit, compliance, and supervisory functions, and participate in workshops with opportunities to build a professional network.

The program runs May 24, 2027, to August 13, 2027, with 40 hours per week on-site. Compensation is $23.00 per hour.

Qualifications

• Currently pursuing a post-secondary degree and must be enrolled when applying.
• Excellent oral and written communication skills.
• Familiarity with standard office software (e.g., Microsoft Office) and willingness to learn new tools.
• Effective interpersonal communication skills.
• Demonstrate behaviors aligned with core values: Service, Integrity, Inclusion, Initiative, Accountability, Objectivity.
• Some positions require U.S. citizenship.

Responsibilities

• Completing quality assurance risk assessments.
• Supporting statistical and structural reporting data collection and quality analysis.
• Organizing enterprise risk management and compliance data.
• Analyzing emerging risk trends.
• Assisting with business impact assessments.
• Evaluating earnings and capital components.
• Observing bank examinations.

Skills

Communication skills

Interpersonal skills

Education

Undergraduate student

Tools

Microsoft Office

Job description

Company Federal Reserve Bank of Minneapolis

Be a part of our 2027 summer intern cohort! We are currently accepting applications from undergraduate college students who are interested in learning more about the nation's central banking system while contributing in real ways to our work. As an intern, you'll be matched with a department that can leverage your skills and experience, and you’ll perform work that helps teams meet their goals—ultimately supporting the organization’s mission. You’ll also have opportunities to participate in workshops designed for our intern cohort, build your professional network, and gain exposure to a wide variety of careers.

This internship runs for 12 weeks from May 24, 2027, to August 13, 2027. Interns work 40 hours/week and are paid $23.00/hour. This position requires a regular on-site presence.

Applications open November 1, 2026, and close January 3, 2027 at midnight.

Sponsorship: Individuals who need immigration sponsorship now or in the future are not eligible for this position.

Skills Development: Interns strengthen analytical, regulatory, and critical-thinking skills that support risk, audit, compliance, and supervisory functions. Skill-building may include:

• Risk management concepts and frameworks
• Financial and data analysis
• Internal audit processes
• Change management methodologies
• Root cause and critical analysis techniques
• Regulatory reporting and data quality review
• GRC tools and Power BI for visualization and insights

Examples of work performed include:

• Completing quality assurance risk assessments
• Supporting statistical and structural reporting data collection and quality analysis
• Organizing enterprise risk management and compliance data
• Analyzing emerging risk trends
• Assisting with business impact assessments
• Evaluating earnings and capital components
• Observing bank examinations

Qualifications:

• Currently pursuing a post-secondary degree. You must be enrolled when you apply, but not necessarily during the internship. Open to students graduating December 2026 or later.
• Excellent oral and written communication skills
• Familiarity with standard office software (e.g., Microsoft Office) and willingness to learn new tools
• Effective interpersonal communication skills
• Demonstrate behaviors that align with our core values such as: Service, Integrity, Inclusion, Initiative, Accountability, and Objectivity
• Some positions require U.S. citizenship

Please note: We do NOT provide relocation assistance, housing, or travel reimbursement.

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.

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