Compliance Intern: Regulatory Research & Testing

Midland States Bank; Effingham (IL); On-site; USD 20,000 - 29,000; Full time

Benefits offered by this job

Comprehensive healthcare

Well-being benefits

Paid family leave

Generous paid time off

Employee Stock Purchase Plan

401K with company match

Job summary

Midland States Bank in Effingham, IL is offering a Compliance Intern position for Summer 2027. You will assist the Compliance Department with monitoring, regulatory research, and reporting resources while learning how risk, audit and business units work together to control risk.

The role requires enrollment in Finance or related field, strong analytical skills, and proficiency in Excel/Word. Internship runs 40 hours/week, Monday through Friday, with compensation at $18 per hour and eligibility

Qualifications

• Enrollment in Finance or related field with at least 2 years completed.
• Strong analytical ability, attention to detail, curiosity, and willingness to learn.
• Experience with Microsoft Excel and Word; data handling preferred.
• Excellent written and oral communication skills.

Responsibilities

• Support compliance monitoring, regulatory research, administrative projects, and the development of regulatory testing and reporting resources.
• Assist with developing regulatory testing, checklists, and reporting structures.
• Support process improvements and the development of procedures related to compliance testing and monitoring.
• Research state-specific regulations that may affect Midland as the Bank grows and help organize findings into a working reference document.
• Assist with regulatory research and summarize findings on unfamiliar topics in a clear and useful format.
• Gain exposure to federal banking regulations, regulatory examinations, monitoring programs, and consumer protection requirements.
• Learn how Compliance, Risk, Audit, and business units work together to control risk and meet regulatory obligations.
• Develop an understanding of the progression from regulation and requirement through bank process, control, testing, exception, and corrective action.
• Participate in learning and job-shadowing opportunities across Compliance, including BSA, Fraud, and Operational Risk, as appropriate.
• Perform other duties as assigned.
• Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).

Skills

Analytical ability

Attention to detail

Curiosity

Willingness to learn

Microsoft Excel

Microsoft Word

Data analysis

Education

Finance

Business Administration

Risk Management

Tools

ChatGPT

Job description

Midland States Bank in Effingham, IL is offering a Compliance Intern position for Summer 2027. You will assist the Compliance Department with monitoring, regulatory research, and reporting resources while learning how risk, audit and business units work together to control risk.

The role requires enrollment in Finance or related field, strong analytical skills, and proficiency in Excel/Word. Internship runs 40 hours/week, Monday through Friday, with compensation at $18 per hour and eligibility