Be an Early Applicant
The Role
Paid, onsite summer cybersecurity and information security internship supporting project-based assignments at the Federal Reserve Bank of Chicago. Interns work 40 hours weekly for 10–12 weeks, analyze data, communicate findings, present information, and collaborate with internal stakeholders. Applicants must be current students graduating December 2027 or later, meet GPA requirements, and be authorized to work in the United States without visa sponsorship.
Summary Generated by Built In
Company
Federal Reserve Bank of Chicago
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.
INTERNSHIP PROGRAM DETAILS:
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.
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 matters experts, Bank leadership, and fellow interns. You will work in a collaborative environment that fosters inclusion, reflecting all the communities we serve.
REQUIREMENTS:
PREFERRED SKILLS:
APPLICATION PROCESS:
OTHER THINGS TO KNOW:
Salary Range: The anticipated hourly compensation range for this internship is $20 to $33, with the specific rate offered determined by the candidate's academic level.
ADDITIONAL REQUIREMENTS:
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.
Full Time / Part Time
Full time
Regular / Temporary
Temporary
Job Exempt (Yes / No)
No
Job Category
Internship Family Group
Work Shift
First (United States of America)
The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
Privacy Notice
Federal Reserve Bank of Chicago
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.
INTERNSHIP PROGRAM DETAILS:
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.
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 matters 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 2027 or later
- 2.75 GPA (unofficial transcripts might be asked to submit)
- Ability to work 40 hours 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 2026 - Applications due
- November 2026 through February 2027 - Interviews conducted and offers extended
- June 7, 2027, or June 14, 2027 - Internship start dates
OTHER THINGS TO KNOW:
Salary Range: The anticipated hourly compensation range for this internship is $20 to $33, with the specific rate offered determined by the candidate's academic level.
ADDITIONAL REQUIREMENTS:
- Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
- This position may require additional screening requirements due to the information accessed while performing the job. These additional screenings would be initiated at the time of offer acceptance. The screening covers areas such as education/employment verification, criminal history, credit history, and reaches out to your references and people that know you well.
- 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.
- This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.
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.
Full Time / Part Time
Full time
Regular / Temporary
Temporary
Job Exempt (Yes / No)
No
Job Category
Internship Family Group
Work Shift
First (United States of America)
The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.
Privacy Notice
Skills Required
- U.S. citizenship or permanent residency
- Current matriculation in an accredited undergraduate, graduate, or doctoral program
- Graduation in December 2027 or later
- Minimum 2.75 GPA
- Availability to work 40 hours per week for the full 10–12-week internship
- Intermediate working knowledge of Microsoft 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, develop insights, support decision-making, and measure impact
- Detail-oriented and self-motivated
- Ability to interact professionally with internal and external clients in a fast-paced environment
- Ability to work independently and as part of a team
- Current authorization to work in the United States without visa sponsorship now or in the future
Federal Reserve Bank of Chicago Compensation & Benefits Highlights
-
Healthcare Strength — Health coverage is described as comprehensive, with multiple medical PPO options, dental and vision plans, and supportive programs like FSAs and an EAP. Feedback suggests the combination of plan choice and wellness resources contributes meaningfully to total compensation.
-
Retirement Support — Retirement offerings include a defined‑benefit pension alongside an employer‑matched 401(k)/Thrift Plan. Feedback suggests this dual structure is a standout element and a key reason overall compensation is viewed favorably.
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Parental & Family Support — Family‑care benefits include paid parental/family leave, adoption assistance, backup care, and caregiving resources. Feedback suggests these supports add tangible value for employees managing family responsibilities.
Federal Reserve Bank of Chicago Insights
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The Company
What We Do
The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks across the United States that, together with the Board of Governors in Washington, D.C., serves as the nation's central bank. The role of the Federal Reserve System, since its establishment by an act of Congress in 1913 , is to foster a strong economy and a stable financial system.
Gallery
Federal Reserve Bank of Chicago Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
Typical time on-site:
4 days a week