Undergraduate Intern – Business Analysis Focus

Federal Reserve System • Minneapolis, MN

1d • Onsite

About The Position

The Federal Reserve Bank of Minneapolis is hiring undergraduate interns for its 2027 summer intern cohort. Interns are matched with a department where they can apply their skills and experience to work that supports team goals and the organization’s mission. The program also offers cohort workshops, professional networking opportunities, and exposure to a wide variety of careers.

This 12-week internship runs from May 24, 2027, through August 13, 2027. Interns work 40 hours per week, are paid $23.00 per hour, and must maintain a regular on-site presence. Applications open November 1, 2026, and close at midnight on January 3, 2027. Individuals who need immigration sponsorship now or in the future are not eligible. Some positions require U.S. citizenship. Relocation assistance, housing, and travel reimbursement are not provided.

Interns develop analytical, regulatory, and critical-thinking skills supporting risk, audit, compliance, and supervisory functions. The work may include quality assurance risk assessments; collecting and reviewing statistical and structural reporting data; organizing enterprise risk management and compliance data; analyzing emerging risk trends; assisting with business impact assessments; evaluating earnings and capital components; and observing bank examinations.

Requirements

• Currently pursuing a post-secondary degree; applicants must be enrolled when applying, though enrollment is not required during the internship.
• Open to students graduating in December 2026 or later.
• Excellent oral and written communication skills.
• Familiarity with standard office software, such as Microsoft Office, and willingness to learn new tools.
• Effective interpersonal communication skills.
• Demonstrate behaviors aligned with the organization’s core values: Service, Integrity, Inclusion, Initiative, Accountability, and Objectivity.
• Individuals who need immigration sponsorship now or in the future are not eligible.
• Some positions require U.S. citizenship.

Responsibilities

• Complete quality assurance risk assessments.
• Support statistical and structural reporting data collection and quality analysis.
• Organize enterprise risk management and compliance data.
• Analyze emerging risk trends.
• Assist with business impact assessments.
• Evaluate earnings and capital components.
• Observe bank examinations.

What This Job Offers

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