Summer Internship - Internal Audit
At a glance
Junior Audit & Controls role at Fhlbc. Chicago · full-time · $38,800–$58,100 base.
financeroles summary, based on the employer's posting.
What you'll do
- Help carry out audit work across different Bank operations and learn how internal audit supports governance
- Spot control concerns and help shape recommendations for the operations being reviewed
- Work with auditors on new data analytics use cases and improvements to internal processes
- Team with other summer interns to design and present a capstone project the Bank could use
- Take on additional projects as needed
What you bring
- You are enrolled in an undergraduate program at an accredited institution and have at least a 3.0 GPA
- You are in good academic standing and interested in banking or financial services
- You bring strong written and spoken communication, initiative and curiosity
Who this fits
This internship suits an undergraduate interested in learning about banking, finance and auditing through hands-on audit work. The role is based in Chicago and follows an in-office operating model.
From the employer
At the Federal Home Loan Bank of Chicago, employees come first - that’s why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.
Collaborative, in-office operating model
Retirement program (401k and Pension)
Medical, dental and vision insurance
Lifestyle Spending Account
Competitive PTO plan
11 paid holidays per year
An internship with The Federal Home Loan Bank of Chicago is not like your average internship. We offer a dynamic, collaborative , team-centered environment that you may not find anywhere else. You will be engaged in projects that will provide you with real world, hands-on experience in the world of financial services. We are currently seeking a summer intern to work in our Internal Audit department. Applicants should have an interest in learning more about Banking, Finance, and Auditing.
Who are we you ask? We are a federally chartered corporation and one of 11 Federal Home Loan Banks (FHLBanks) that, with the Office of Finance, comprise the Federal Home Loan Bank System. The FHLBanks were chartered by Congress under the Federal Home Loan Bank Act of 1932 to improve the availability of funds to support home ownership. Each FHLBank is cooperatively owned by member financial institutions in its district and operated as a separate entity with its own management, employees, and board of directors. Our district consists of the states of Illinois and Wisconsin. We are regulated by the Federal Housing Finance Agency, an independent federal agency.
The Internal Audit Internship will involve:
Understanding the science of internal audit and its pivotal role in the governance framework of the Bank
Assisting in the execution of audit tasks related to a broad range of operations across the Bank
Assisting with identifying control issues and developing recommendations related to the Bank’s operations
Working with audit team to implement new data analytic use cases and to improve internal processes
Working alongside other Summer Interns on a Summer Capstone Project
Completing ad hoc projects
REQUIREMENTS
Applicants should be enrolled in a undergraduate program at an accredited institution
GPA of at least 3.0 and be in good academic standing
Interested in banking and/or financial services
Strong written and verbal communication skills
Be proactive and have a curious mind-set
How You’ll Make an Impact
Contribute to key elements of assurance program
Add value to and help develop data analytic use cases
Engage with peers to design and present a project which Bank may incorporate into business
Salary Range:
$38,800.00 - $58,100.00The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc