Undergraduate Intern – Business Analysis Focus

Federal Reserve Banks; Minneapolis (MN); On-site; USD 26,000 - 37,000; Full time

Job summary

Federal Reserve Bank of Minneapolis is seeking undergraduates for a 12-week summer internship from May 24, 2027, to August 13, 2027. Interns will be matched with departments to contribute to risk, audit, compliance, and supervisory work and will participate in skill-building workshops.

The internship requires a 40-hour work week, on-site presence, and eligibility considerations including U.S. citizenship in some positions. Applications open Nov 1, 2026 and close Jan 3, 2027.

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 and alignment with core values.

Responsibilities

• Assist with quality assurance risk assessments and data collection.
• Support statistical reporting data collection and quality analysis.
• Organize enterprise risk management and compliance data.
• Analyze emerging risk trends and assist with business impact assessments.

Skills

Communication skills

MS Office

Interpersonal skills

Education

Pursuing degree

Graduating 2026 or later

Tools

Power BI

Job description

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.