2025 Summer Program- Junior- Audit

Company

Federal Reserve Bank of New York

The Undergraduate Summer Analyst Program provides you with the opportunity to gain valuable work experience at a unique institution. Through advanced project-based work and professional development activities, you’ll get a thorough understanding of the New York Fed’s consequential and dynamic work. You’ll also be given the opportunity to enhance your business skills through essential financial analysis, formal presentations, research, and writing—all designed to prepare you for what’s next in your educational and career journey. As an analyst, you’ll be assigned to a particular area or function while also having opportunities to collaborate with other analysts, other associates, and employees from around the Bank. In addition to your daily responsibilities, you’ll attend events and weekly presentations hosted by New York Fed leaders. These presentations aim to provide an overview of the Bank's responsibilities and operations and offer an exciting opportunity to learn about full-time career opportunities, as our summer program is the largest recruitment source for the New York Fed’s full-time campus hiring.

Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.  
 
The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance. 

What we do:   

The Audit Group provides independent, objective internal audit services designed to add value and improve the Federal Reserve System's risk management, control, and governance processes, and support the achievement of its objectives.

Your role 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

What we are looking for: 

• Must have an expected graduation date of Winter 2025 or Spring 2026 

• 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 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: Please include a resume and unofficial transcript.

Applications for our 2025 Junior program close on October 11th, 2024 at 11:59pm EST. For a full breakdown of the recruitment timeline, visit our website. This is a paid internship. Please note, summer housing is not provided.

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, less applicable taxes.

We believe in transparency at the NY Fed. This