2027 Summer Intern - Audit Group - Sophomore Intern

About the role

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.

Responsibilities

• Participate in 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

Requirements

• Open to 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
• 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

Benefits

This is a paid internship.

Pay

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. 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.