The Federal Reserve System · New York
Finance & Legalposted 5d ago
Program Description:
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.
Our Unique Work:
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.
How You’ll Make an Impact as an Audit Intern (Junior)
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
The Unique Skill Sets We’re Looking For:
The summer analyst opportunity in the Audit Group is open to candidates who have completed at least their sophomore year of college by the beginning of the internship
You must have a 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
To Apply: The application deadline is October 5th, 2026 (11:59 PM EST) *. This is a paid internship. Please note, summer housing is not provided. Expected graduation between Winter 2027 Spring 2028
Other Things to Know:
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
We believe in transparency at the New York Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.
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.
Our culture is deeply grounded in our Touchstone Behaviors. By working with us, you’ll have the opportunity to develop and demonstrate your ability to Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership. These competencies shape our culture here at the Bank. They also provide a shared language for how we work together and achieve success, and set clear expectations for leading with impact at every stage of your career. Learn more.
Apply now if you’re ready to join us in strengthening the U.S. economy together. Want to consider our other opportunities? Click here to see all our open roles.
The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.
We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.
The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.