Undergraduate Intern, Business Analysis Focus

About the Role

• Be a part of the 2027 summer intern cohort at the Federal Reserve Bank of Minneapolis.
• Contribute to the nation's central banking system.
• Internship duration: 12 weeks, from May 24, 2027, to August 13, 2027.
• Work schedule: 40 hours/week.
• Pay: $23.00/hour.
• Requires regular on-site presence.
• Applications open November 1, 2026, and close January 3, 2027, at midnight.
• Sponsorship for immigration is not available.
• No relocation assistance, housing, or travel reimbursement is provided.

Skills Development

Interns strengthen analytical, regulatory, and critical-thinking skills supporting risk, audit, compliance, and supervisory functions. Skill-building may include:

• Risk management concepts and frameworks
• Financial and data analysis
• Internal audit processes
• Change management methodologies
• Root cause and critical analysis techniques
• Regulatory reporting and data quality review
• GRC tools and Power BI for visualization and insights

Examples of Work Performed

• Completing quality assurance risk assessments
• Supporting statistical and structural reporting data collection and quality analysis
• Organizing enterprise risk management and compliance data
• Analyzing emerging risk trends
• Assisting with business impact assessments
• Evaluating earnings and capital components
• Observing bank examinations

Qualifications

• Currently pursuing a post-secondary degree. Enrollment required at the time of application.
• Open to students graduating December 2026 or later.
• Excellent oral and written communication skills.
• Familiarity with standard office software (e.g., Microsoft Office) and willingness to learn new tools.
• Effective interpersonal communication skills.
• Demonstrate behaviors aligning with core values: Service, Integrity, Inclusion, Initiative, Accountability, and Objectivity.
• Some positions require U.S. citizenship.