2027 Summer Intern - Audit Group - Junior Intern

Federal Reserve System • New York, NY

2d • Onsite

About The Position

The Undergraduate Summer Analyst Program gives undergraduate juniors 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 Feds, giving them direct insight into the public service and financial services world
Junior 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.
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.

Requirements

• Candidates who have completed at least their sophomore year of college by the beginning of the internship
• Demonstrated interest in banking, business, economics, public policy, risk management or finance with a strong academic record and passion for public service
• Knowledge of risk management principles
• Risk-focused perspective, with the ability to understand and review financial and/or information technology risks and controls within business processes
• 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, cooperatively in a team environment and build collaborative relationships
• Excellent interpersonal and written communication skills are necessary
• Demonstrated working knowledge of Microsoft Office Suite with demonstrated ability to develop and apply spreadsheets, database and research tools and graphic presentation
• Expected graduation between Winter 2027 Spring 2028
• 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.

Responsibilities

• 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

Benefits

• This is a paid internship.
• 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 $72,100

What This Job Offers

• Job Type: Full-time
• Career Level: Intern
• Education Level: No Education Listed