Summer 2027 Intern – Audit Intern – OIG

Location: Federal Reserve Board

Always verify and apply to jobs on the official Federal Reserve Board career site or through verified Federal Reserve Board social media channels.

Minimum Education

Enrolled in an undergraduate or graduate degree program at an accredited university and returning to continue studies after the internship.

Minimum Experience

0

Summary

The Federal Reserve Board (Board) provides students opportunities for career success. The Board’s Internship program is designed to provide valuable work experience for undergraduate and graduate students considering careers including, but not limited to, economics, finance and accounting, information systems, and data analysis. The Board believes that by combining academic endeavors with project-related work experience, qualified and capable college students can gain the practical knowledge need in a competitive global job market.

Internships are paid positions with salaries commensurate with credit hours; internships may be in-person, remote or hybrid, depending on the needs of the team. Employment in the Board’s internship program is granted to U.S. citizens. Applicants must be currently enrolled in an undergraduate or graduate degree program at an accredited university and returning to continue studies after the internship. Interns receive a syllabus or research project plan outlining their projects and goals for the internship.

Interns are assigned a supervisor or mentor to guide them through their internship, and regular check-in meetings with their manager to manage performance expectations and assist with learning goals. Interns have access to a wide range of training programs and events for professional development purposes.

Principal Duties and Responsibilities

The Board of Governors of the Federal Reserve System’s (Board’s) Office of Inspector General conducts audits, evaluations, and inspections of the Board and the Consumer Financial Protection Bureau’s (CFPB’s) programs and operations to assess and promote economy, efficiency, and effectiveness in these programs and operations while helping to prevent and detect fraud, waste, and abuse. The Audit Intern will assist in conducting audits, evaluations, and inspections of Board and CFPB programs and operations.

Assists as a team member on audits, evaluations, inspections, or other reviews.

May support the team in conducting its planning activities for the applicable review to establish the appropriate objectives, scope, and methodology.

May assist in gathering data, conducting analysis, and preparing workpapers.

May assist in developing the findings and message for the applicable review.

Potential to participate in presentations to OIG senior management.

May participate in meetings with Board division representatives, Reserve Bank officials, or CFPB officials.

Remarks

• There are three audit intern positions available within groups conducting the following types of work:
• reviews of the Board’s and CFPB’s financial institution oversight programs
• operational components of the Board and the CFPB, including divisions that are responsible for human capital; personnel security; records management; data governance; economic research (Board), and Board member support (Board)
• performance audits, evaluations, and inspections in areas such as procurement, facilities, payment systems, consumer affairs, and Reserve Bank oversight

Find out more about the OIG

About Us – https://oig.federalreserve.gov/aboutus.htm

• Reports – https://oig.federalreserve.gov/reports.htm
• Careers – https://oig.federalreserve.gov/careers.htm
• Suggested Major(s)/Minor(s): Accounting, economics, finance, public administration, or information technology, either graduate or undergraduate

Required Skills and Knowledge

• Strong oral and written communication skills, data analysis skills, as well as intellectual curiosity and professional skepticism.
• Strong and highly adaptable problem solving skills.
• Strong attention to detail, accuracy, analytical and critical thinking skills.
• Proficient in Microsoft Office (Excel, Word, PowerPoint).
• Ability to work independently and in teams.

Required Documentsfor Application

• résumé
• cover letter describing interest in an audit internship with the Board and CFPB OIG
• two letters of recommendation
• unofficial transcript
• Location: The internship location is in Washington, DC, primarily onsite.
• US Citizenship is required. Applicants must be current students, graduating from their program August 2027 or later. Proof of enrollment will be required.
• Keywords: #OIG, #audit, #auditing, #performanceaudits, #FRB, #CIGIE, #oversight, #compliance, #compliancereview, #evaluation
• Learn more about our internship program: https://www.federalreserve.gov/careers-internships.htm

Job Type

Intern (Fixed Term)

Job Exempt

Relocation Provided

No

Compensation Grade(s)

FH Pay Grade 20 - FH Pay Grade 22

Pay

$26.68 - $33.65

Rehabilitation Act

The Board complies with the Rehabilitation Act of 1973, as amended, and provides job applicants with disabilities reasonable accommodations to assist them in applying for jobs at the Board. If you have a disability and would like to request an accommodation in order to apply for a job at the Board, please call 202-452-3880 or e-mail [email protected].

Equal Opportunity Employer

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or application, membership, or service in the uniformed services.

Privacy

You may review the Federal Reserve Board's Privacy Act Notice at https://www.federalreserve.gov/careers/files/fr1273.pdf.

Paperwork Reduction Act

OMB No. 7100-0181

Approval Expires October 31, 2029

Public reporting burden for this collection of information is estimated to average 0.26-0.71 hours per response, including the time to gather and maintain data in the required form and to review instructions and complete the information collection. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden to: Secretary, Board of Governors of the Federal Reserve System, Washington, DC 20551; and to the Office of Management and Budget, Paperwork Reduction Project (7100–0181), Washington, DC 20503.

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