Summer Intern - Audit Group - Sophomore Intern

Position: 2027 Summer Intern - Audit Group - Sophomore Intern Location: New York Company Federal Reserve Bank of New York When you work at the New York Fed, you have the opportunity to make an impact in our communities and across the nation. Our mission-driven, curious, and dedicated colleagues apply their diverse perspectives and unique talents to support the strength of the U.S. economy and stability of the global financial system. At the Bank, we work full‑time onsite with our teams.

We believe being physically together allows us to draw on our collective strengths, while recognizing that the ability to work flexibly from time to time remains important to achieving our mission. Program Description: 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 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 Fed, giving them direct insight into the public service and financial services world 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. 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 (Sophomore) 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 freshman 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 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 To Apply: The Final date to receive applications is September 28th, 2026 (11:59 PM EST). This is a paid internship. Please note, summer housing is not provided.

Expected graduation between Winter 2028 Spring 2029. 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 $65,600. 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.…