2026 Summer Intern - Audit Group - Sophomore

Federal Reserve Bank • New York, NY

112d • $65,600

About The Position

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. 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, and 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.

Requirements

• Completed at least their freshman year of college by the beginning of the internship.
• Demonstrated interest in banking, business, economics, public policy, risk management or finance.
• 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.
• 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.

Responsibilities

• Assist the Board of Directors in the effective execution of its responsibilities for the Bank and the Federal Reserve System.
• Provide independent, objective assurance, and consulting services designed to add value and improve the Bank's operations.
• Conduct planning and controls testing.
• Attend and minute audit meetings with clients.
• Report on audit findings.
• 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.

Benefits

• Paid internship.
• Salary calculated based on an annual salary of $65,600 for the 10 weeks.
• Opportunities for professional development and networking.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Industry: Monetary Authorities-Central Bank
• Education Level: Bachelor's degree