Internal Audit Intern - Long Term

The Federal Home Loan Bank of Chicago Chicago, IL
An internship with the Federal Home Loan Bank of Chicago is not like your average internship. We can offer you a dynamic, collaborative and team-focused environment you may not find anywhere else. You'll be engaged in projects that will provide you with real-world, hands-on experience in financial services.

We are currently seeking a long-term, 2-year intern to work in our Internal Audit department. Long term interns work part time (15-20 hours per week) while school is in session, and work a full time schedule during breaks (winter, summer, etc.)

Successful 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 it's 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, and independent federal agency.

The Internal Audit internship will involve:

* Working in a team-based, dynamic environment to experience the Audit profession.

* Learning about the role Internal Audit plays within an organization's governance framework.

* Developing an understanding of risks and controls as they relate to Bank processes by attending walk-through meetings with process owners and in-house training sessions.

* Executing audit tasks related to a broad range of processes across the Bank and completing workpaper documentation to summarize results.

* Assist with identifying control issues and with developing recommendations to address control risk.

* Developing a working knowledge of MS Office (Word, Excel, PowerPoint, Sharepoint).

* Learning to use our Governance, Risk, and Control software (MetricStream).

* Assisting on ad-hoc projects assigned by the General Auditor and Audit Director.


* Strong academic track.

* Effective time management, written, and verbal communications skills.

* Ability to multi-task and demonstrate critical thinking and problem-solving skills.

* Adaptive to a changing environment.

* Creative and self-confident.


* Must be able to work at least 15-20 hours a week with a 2-year commitment.

* Rising junior enrolled in an undergraduate program at an accredited institution.

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