Internal Audit Intern

FHLBank Dallas; Irving (TX); On-site; USD 22,000 - 33,000; Full time

Job summary

FHL Bank Dallas invites undergraduate juniors and seniors to a paid Summer Internship in Internal Audit. The role spans technology, cybersecurity, financial, and operational audits, with hands-on exposure to testing controls across the Bank's systems.

You will assist in IT general controls, perform data analytics on full populations, and contribute to audit recommendations while gaining insight into risk assessment and professional auditing practice.

Qualifications

• Active and enrolled as a college or university student in good standing.
• Pursuing a degree in accounting, finance, MIS, data analytics, cybersecurity, CS or related field.
• Completed coursework in at least one accounting/audit/risk course and one quantitative/IS/CS course.

Responsibilities

• Support audits across financial, compliance, operational and IT areas to determine policy/compliance.
• Assist in ITGC and business process control testing.
• Prepare audit work papers documenting procedures and results.

Skills

MS Office

Excel

Word

Communication skills

Confidentiality

Education

Junior or Senior undergraduate

Accounting/Finance/MIS/Data Analytics/Cybersecurity/CS

GPA 3.25+

Tools

SQL

Python

Power BI

Job description

Position Summary

Federal Home Loan Bank of Dallas is seeking undergraduate juniors and seniors to participate in a paid Summer Internship Program within our Internal Audit department. This is a single, integrated role: the intern will support engagements spanning technology, cybersecurity, financial, and operational areas rather than being assigned to one discipline. Working closely with Internal Audit staff, you will gain practical exposure to how controls are tested across the Bank's systems and business processes. This role performs professional auditing work of low to moderate difficulty and complexity and assists other professional auditors.

What You'll Do

• Develop an understanding of the FHLB Dallas audit approach, methodology, and tools.
• Under the direction of department management, participate in audits of financial, compliance, operational, and information technology areas to determine whether operating units comply with Bank policies and procedures and applicable laws and regulations.
• Assist in performance of tests of internal controls, including information technology general controls and business process controls, related to internal audits and SOX testing.
• Prepare audit work papers documenting audit procedures performed and results of testing, in accordance with departmental guidelines.
• Apply data analytics techniques to evaluate complete populations of transactions, access records, and activity logs rather than samples alone.
• Assist in preparing written audit recommendations and reports presented to the auditee.
• Establish effective working relationships with client personnel and apply concepts of risk assessment.

Areas You'll Be Exposed To

• Technology and cybersecurity. Access management, change management, and IT operations; cloud controls within Microsoft Azure and Entra ID; and security controls evaluated against frameworks such as NIST CSF, CIS Controls, and FFIEC guidance.
• Financial and operational processes. Controls over financial reporting, treasury and capital markets operations, credit and collateral administration, member services, and third-party risk management.
• Data analytics. Building and documenting repeatable testing routines that identify exceptions and outliers across full data populations.
• Artificial intelligence governance. Model inventory, data lineage, human oversight, and change control over AI-enabled systems in use at the Bank.

Qualifications

Required

• Active and enrolled student in an accredited college or university, classified as a junior or senior.
• Pursuing a degree in accounting, finance, management information systems, data analytics, cybersecurity, computer science, or a related field.
• Completed coursework must include at least one accounting, audit, or risk course and at least one quantitative, information systems, or computer science course.
• Overall GPA of 3.25 or better.
• Proficient in MS Office, with emphasis on Excel and Word.
• Strong written and verbal communication skills, including the ability to explain technical matters to a non-technical audience.
• Demonstrates a high degree of integrity and possesses the ability to complete challenging assignments with a high level of confidentiality.

Preferred

• Knowledge of SQL, Python, or Analytics/ Audit / GRC software such as ACL, Diligent, or Archer; experience with Power BI.
• Exposure to Microsoft Azure, cloud platforms, or cybersecurity fundamentals (AZ-900, Security+).
• Intermediate financial accounting coursework, or exposure to banking, treasury, or capital markets.
• Coursework or certification progress toward CIA, CISA, or CPA eligibility.

What You Will Gain

Interns gain hands-on experience working on active audit engagements under the guidance of a designated supervisor. Since this role combines technology and business process auditing, you will acquire a comprehensive view of the control environment and exposure to areas few internships offer. By the end of the program, you will have completed testing within at least one control area, contributed to the department's analytics capabilities, and presented your work to Internal Audit management. High-performing interns are considered for full-time opportunities.

FHLB Dallas Offers a Professional, Inclusive Culture

FHL Bank Dallas employees are committed to and exemplify the following principles:

• Service to our members is first and foremost
• All business will be conducted honestly and ethically
• Each employee contributes to customer service by directly serving our members or supporting those who do
• Interaction with members should focus on building professional relationships and helping customers achieve their goals
• Cooperation and teamwork throughout and across all levels of FHLB Dallas are essential to its effectiveness
• Colleagues and members will be treated with the utmost respect and dignity

FHLB Dallas provides equal employment opportunity to all individuals without regard to race, religion, color, sex, age, marital status, ancestry, veteran status, disability, or national origin. FHLB Dallas will consider for employment all persons on an individual basis consistent with job-related criteria without regard to visible and non-visible disabilities. Equal opportunity applies to all employment practices, including recruitment, screening, hiring, compensation and training, as well as other conditions and privileges of employment.