Undergraduate Intern – Business Analysis Focus

Federal Reserve Bank of Philadelphia • Minneapolis, MN

6d • Onsite

About The Position

The Federal Reserve Bank of Minneapolis is recruiting undergraduate college students 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 workshops, opportunities to build a professional network, and exposure to a wide variety of careers.

This is a 12-week internship running from May 24, 2027, to August 13, 2027. Interns work 40 hours per week at $23.00 per hour. The position requires a regular on-site presence. Applications open November 1, 2026, and close January 3, 2027, at midnight. 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. Skill-building may cover 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, and GRC tools and Power BI for visualization and insights.

Requirements

• Currently pursuing a post-secondary degree; applicants must be enrolled when applying but do not necessarily need to remain enrolled during the internship.
• Open to students graduating 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 core values of 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.

Benefits

• Paid internship at $23.00 per hour.
• Intern cohort workshops.
• Opportunities to build a professional network and gain exposure to a wide variety of careers.

What This Job Offers

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