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Company

Federal Reserve Bank of New York

2026 Summer Intern - Audit Group - Sophomore

**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, objective assurance, and consulting services designed to add value and improve the Bank's operations. Internal Audit assists the Bank in achieving its objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of controls, risk management, and governance processes.

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

+ 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 application deadline is **October** **5** **th** **, 2025 (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 **_$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_ .

_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. _

Find Out Why** **We’re** **an Award-Winning Workplace** **:

+ **Top 3 Most Inspiring Public Sector Workplaces in North America** (Inspiring Workplaces, 2024, 2025)

+ **Early Talent Award Winner** (Handshake, 2024, 2025)

+ **Campus Forward Award Winner** (Ripple Match, 2023, 2024, 2025)

**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. (https://www.newyorkfed.org/careers/touchstone-behaviors)

_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. (https://www.newyorkfed.org/aboutthefed/ethics-conflicts-of-interest)

_We value accessibility for all candidates and are happy to provide_ _an accommodation_ _or_ _assistance_ _. Please email us at_ [email protected] _and_ _we’ll_ _be glad to help._ _Please note, this email box is designed exclusively to_ _assist_ _job applicants with accommodation requests. All other_ _inquires_ _, including the status of applications, will not receive a response._

_ _

_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. _

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

No

Job Category

Internship Family Group

Work Shift

First (United States of America)

_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.

Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday\_Privacy\_Notice.pdf)