Summer Intern - Audit Group - Junior Intern

Company Federal Reserve Bank of New York

When you work at the New York Fed, youhave the opportunity tomake 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 timeremainsimportant to achieving our mission.

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 tenweeks, andhave 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.

The primary purpose of the Federal Reserve Bank of New York's Audit Group(Internal Audit) is toassistthe Board of Directors in the effective execution of its responsibilities for the Bank and the Federal Reserve System.

Internal Auditaccomplishesits purpose by providing independent, risk-based assurance and insight that strengthens the Federal Reserve System’s ability to fulfill its mission andmaintainpublic trust.

• 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 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…