Audit Intern - 2027

Federal Reserve Bank of New York; Cleveland (OH); On-site; USD 29,000 - 36,000; Full time

Benefits offered by this job

Hands-On Experience

Mentorship

Networking Opportunities

Professional Development

Job summary

Federal Reserve Bank of Cleveland is seeking innovative thinkers for an Audit Intern role. You will work with the Audit team to provide risk-based assurance, assist on IT/operational audits, and analyze control environments.

Responsibilities include interviews, data analysis, and helping develop audit tools. Qualified candidates are undergrad or graduate students with a 3.0 GPA, strong technical skills, and proficiency in Excel and Access.

Qualifications

• Undergraduate or graduate student in Business, IT/Cyber Security, or related field with GPA ≥ 3.0.
• At least one semester remaining.
• Strong computer/technical skills and familiarity with Office tools.

Responsibilities

• Assist Audit team with IT and operational audits or projects.
• Interview clients, staff, and management to understand the control environment.
• Prepare workpapers and assist with developing audit tools and updating department websites.

Skills

Strong communication

Deadline-driven

Multitasking

Team collaboration

Education

Undergrad or grad student GPA 3.0

Tools

Excel

Access

Job description

Company Federal Reserve Bank of Cleveland The Federal Reserve Bank of Cleveland is part of the nation’s central bank. We’ve provided many opportunities for professional growth during our history. For twenty-seven years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications. Our People Make the Difference!

The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future.

Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed

To be considered for this role, candidates must be a U.S. citizen, permanent resident, or green card holder. Take your skills to the next level and gain valuable experience contributing to work within Internal Audit.

Audit Intern Duties:

You will work with Audit team members to enhance and protect organizational value by providing risk-based and objective assurance, advice, and insights in the evaluation of the effectiveness of risk management, internal control, and governance processes. As an intern you may Assist on IT and / or operational audits or projects for business areas within the Fourth District. Conduct interviews with clients, staff, and management to understand their control environment. Analyze data and business processes to evaluate and verify compliance with established policies or procedures. Assist audit staff in determining if internal controls and processes are effective for assigned audit steps. Prepare workpapers for auditor-in-charge and audit management. Complete projects and ad hoc assignments (e.g., flowcharting new processes, helping with developing new audit tools, updating department websites, etc.). Engage in leadership and career development activities for your future. Perform other duties as assigned or requested.

Requirements for Internships:

Currently pursuing an undergraduate degree or graduate degree in Business, IT/Cyber Security, or a related field with a minimum GPA of 3.0. Should have at least one semester left to complete in school. Strong computer/technical skills required. Proficiency with Microsoft Office products, specifically Excel and Access (or familiarity with other data access tools). Ability to work in a deadline driven environment and ability to multitask. Ability to work both in a group setting and on an individual basis. Strong oral and written communication skills.

What We Offer:

• Hands-On Experience: Gain practical experience and insights into the operations field through real-world projects and challenges.
• Mentorship: Receive guidance and mentorship from experienced professionals who are committed to your development.
• Networking Opportunities: Build connections within the industry and with fellow interns and employees.
• Professional Development: Participate in workshops, training sessions, and seminars designed to enhance your skills and knowledge.

Our interns will work onsite at our Cleveland, Ohio location. We’re looking for collaborative and innovative full-time students entering their sophomore year or beyond. Our student interns work 40 hours per week for the duration of a 10- to 12-week internship that starts as early as June and ends as late as September, depending on student schedules and business needs.

The expected starting salary range for this position is between $20.50 and $26.00 hourly. Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data.

Physical Demands and General Working Conditions

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, the Federal Reserve Bank of Cleveland reserves the right to revise this or any job description at any time.

Bank’s Ethics Rules and Drug Testing:

As a condition of employment, Federal Reserve Bank of Cleveland employees must comply with the Bank’s ethics rules which generally prohibit employees, their spouses/domestic partners, and minor children from owning or controlling, directly or indirectly, any debt or equity interest in a depository institution or an affiliate of a depository institution. A "depository institution" means a bank, a trust company, or any institution that accepts deposits, including a bank chartered under the laws of a foreign country. In addition, employees (and their spouses/domestic partners, and minor children) may not own shares of mutual funds, unit investment trusts or ETFs that have a policy, as stated in the prospectus, of concentrating in the financial services industry and that have underlying investments in banks or other depository institutions. 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. In addition, as a condition of employment, candidates must undergo a background check and will be tested for all controlled substances prohibited by federal law, to include marijuana, prior to hire and for certain safety sensitive positions during employment.

Reasonable Accommodation Statement

The Federal Reserve Bank of Cleveland is committed to ensuring that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. To request a reasonable accommodation for any part of the employment process, please send an email to [e-mail]

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.

Privacy Notice OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government. OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward. Why Our People Choose Us: Our reputation precedes us There will always be room for personal growth Our people are first You’ll find the right balance Your responsibilities will be meaningful We hope that you will be our future colleague.