Internal Audit Intern - Summer 2027

Merchants Bank IN; Carmel (IN); On-site; USD 12,000 - 18,000; Part time

Job summary

Merchants Bancorp in Carmel, Indiana is seeking an Internal Audit Intern to support a variety of audit engagements, data analytics, and process documentation. You will work with mentors and gain real-world experience in banking and risk management.

This program emphasizes hands-on work, final presentations, and opportunities for full-time roles. Applicants should be sophomores, pursuing Accounting, Finance, or Business, with strong academics and a proactive mindset.

Qualifications

• Must have completed at least your sophomore year of college.
• Currently pursuing a degree in Accounting, Finance, Business, or related field.
• GPA 3.0 or higher preferred.
• Basic understanding of accounting principles and financial statements.
• Interest in internal audit, risk management, or banking.
• Be a self-starter who takes ownership of assigned work, demonstrates accountability, and proactively seeks opportunities to contribute and learn.
• Exhibit teamwork, communication, critical thinking, integrity, self-discipline, and adaptability.

Responsibilities

• Assist in the execution of internal audit engagement and/or SOX testing procedures, including walkthroughs and control testing.
• Support audit planning activities by gathering data, documenting processes, and participating in performing preliminary audit engagement risk assessments.
• Prepare and organize audit workpapers in accordance with internal audit standards and guidance.
• Analyze data and transactions to identify trends, anomalies, or potential controls issues.
• Participate in meetings with audit team members and business unit personnel to understand processes and controls.
• Assist in tracking audit findings and remediation efforts.
• Perform administrative and ad hoc tasks in support of audit engagements or department activities.
• Support innovative department projects focused on enhancing audit effectiveness and efficiency through the use of data analytics, automation, and artificial intelligence (AI).
• Engage in continuous knowledge development regarding the industry’s rules, regulations, best practices, tools, techniques, and performance standards.
• Have both a manager and mentor to help guide your through our program and your day-to-day work.
• Be given the opportunity to deliver a final presentation of your project/s results and make business recommendations to your department, team members and Company leadership.

Skills

Self-starter

Teamwork

Communication

Critical Thinking

Integrity

Adaptability

Education

Accounting/Finance/Business degree

Job description

Description

Are you looking for an internship that encourages creativity and innovation? We believe our people make the difference in our business, and our interns are no exception. In our internship program you will be responsible for supporting your assigned team with a variety of projects and administrative work. No coffee runners work here in the summer; you will do real work that you can add to your resume once you have completed this program. For our top performing interns, this program is our pipeline for many of our entry level full-time positions.

Job Type

Part-time, Temporary, Internship

As an Internal Audit Intern, you will…

• Assist in the execution of internal audit engagement and/or SOX testing procedures, including walkthroughs and control testing.


• Support audit planning activities by gathering data, documenting processes, and participating in performing preliminary audit engagement risk assessments.


• Prepare and organize audit workpapers in accordance with internal audit standards and guidance.


• Analyze data and transactions to identify trends, anomalies, or potential controls issues.


• Participate in meetings with audit team members and business unit personnel to understand processes and controls.


• Assist in tracking audit findings and remediation efforts.


• Perform administrative and ad hoc tasks in support of audit engagements or department activities.


• Support innovative department projects focused on enhancing audit effectiveness and efficiency through the use of data analytics, automation, and artificial intelligence (AI).


• Engage in continuous knowledge development regarding the industry’s rules, regulations, best practices, tools, techniques, and performance standards.


• Have both a manager and mentor to help guide your through our program and your day-to-day work.


• Be given the opportunity to deliver a final presentation of your project/s results and make business recommendations to your department, team members and Company leadership.

We also offer weekly HR Development Days to help our interns grow professionally and learn about our industry. Look at what we have to offer…

• Mock interviews and resume review with our talent management team will help prepare you to enter the workforce.


• LinkedIn training will help you build and develop your personal profile and teach you about the value of online professional networking.


• DISC Assessment – coursework on how to use your DISC results to help improve teamwork, communication, and productivity in the workplace.


• "Company Insiders" Training - Listen to current Merchants’ employees tell their success stories and learn about who we are and what each department does to support our success.

Requirements

What we are looking for…

• Have completed at least your sophomore year of college. Graduates are welcome to apply as well.


• Currently pursuing a degree in Accounting, Finance, Business, or related field.


• Strong academic performance (preferred GPA of 3.0 or higher).


• Basic understanding of accounting principles and financial statements.


• Interest in internal audit, risk management, or banking.


• Be a self-starter who takes ownership of assigned work, demonstrates accountability, and proactively seeks opportunities to contribute and learn.


• Exhibit these core disciplines: Teamwork, Communication, Critical Thinking, Integrity, Self-Discipline, and Adaptability.

Ranked as the top-performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana, operating multiple lines of business, including multifamily housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp conducts its business through its direct and indirect subsidiaries, Merchants Bank, Merchants Capital Corp., and Merchants Mortgage, a division of Merchants Bank. Merchants Capital was established in August of 1990 as a mortgage banking firm specializing in multifamily housing and health care facilities finance. With extensive experience in these types of finance, the company is a premier provider and servicer of Multifamily, Affordable, Healthcare, and Student Housing. Our mission is simple: to provide the best origination and service of our loan and investment products with exceptional customer service, accuracy, creativity, speed, and conformance to regulations.