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Summer 2026 Intern - Undergraduate Internal Audit Majors
Summer 2026 Intern - Undergraduate Internal Audit MajorsFederal Reserve System • Chicago, IL, US
Summer 2026 Intern - Undergraduate Internal Audit Majors

Summer 2026 Intern - Undergraduate Internal Audit Majors

Federal Reserve System • Chicago, IL, US
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Federal Reserve Bank of Chicago Internship Program

The Federal Reserve Bank of Chicago is recognized as one of the most influential, trusted, and prestigious financial institutions in the world. We serve the Seventh District encompassing Iowa and most of Illinois, Indiana, Michigan, and Wisconsin, and is one of the 12 regional Reserve Banks in the United States. Together with the Board of Governors in Washington, D.C., the 12 Banks constitute the nation's central bank.

The Federal Reserve Bank of Chicago Summer Intern Program is a paid internship designed to give undergraduate, graduate, and doctoral students direct exposure to our Bank's operations. Beginning in early June, interns commit to 40 hours a week for 10-12 consecutive weeks onsite or hybrid depending on the department's requirement.

What makes this internship unique : This internship gives you the opportunity to work for a regulatory bank dedicated to the public good by engaging in project-based assignments and professional development activities aligned with our mission. You will gain insights into the Federal Reserve System while contributing to your assigned department and build relationships with subject matter experts, Bank leadership, and fellow interns. You will work in a collaborative environment that fosters inclusion, reflecting all the communities we serve.

Requirements :

  • U.S. Citizen or Permanent Residency
  • Must be a current, matriculated student in an accredited program graduating December 2026 or later
  • 2.75 GPA (unofficial transcripts might be asked to submit)
  • Ability to work 40 hours a week throughout the duration of the 10-12 week internship program.

Preferred Skills :

  • Intermediate working knowledge of Word and Excel
  • Strong interpersonal and communication skills
  • Ability to verbally present information and respond to questions from small to medium groups
  • Ability to interpret data and analytics to develop insights, tell stories, support the decision-making process, and measure impact
  • Detail-oriented and self-motivated
  • Ability to interact with internal and external clients professionally in a fast-paced, high-energy environment
  • Ability to be an independent worker with a team player attitude
  • Application Process :

  • October - November 2024 Applications due
  • Mid-October 2024 through January 2025 Interviews conducted and offers extended
  • June 2, 2025 or June 9, 2025 Internship start date
  • Additional Requirements :

  • As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses / domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse / domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.
  • We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.

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