2027 Summer Intern - Audit Group - Sophomore Intern

Federal Reserve Bank of Philadelphia • New York, NY

1d • Onsite

About The Position

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, and opportunities to meet, network with, and work alongside mission-driven, curious colleagues. An experienced professional mentor will support them throughout the program, and they will have access to learning events with senior leaders from the New York Fed. 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. 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 freshman 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.
• Detail oriented with excellent interpersonal and written communication skills.
• Demonstrated working knowledge of Microsoft Office Suite (e.g., Excel, Word, PowerPoint) and Acrobat.
• 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 as well as in a team environment.
• Expected graduation between Winter 2028 Spring 2029.

Responsibilities

• 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 $65,600.

What This Job Offers

• Career Level: Intern
• Education Level: No Education Listed