Summer Internship - Internal Audit

Federal Home Loan Bank of Chicago; Chicago (IL); On-site; USD 39,000 - 58,000; Full time

Benefits offered by this job

Competitive compensation

Bonus package

Comprehensive benefits

11 paid holidays

PTO

Job summary

The Federal Home Loan Bank of Chicago offers a summer Internal Audit internship in a collaborative, in-office setting. You will gain hands-on experience in banking, finance, and auditing through real-world projects and a capstone team project.

You will assist with audit tasks, identify control issues, and work with the team to implement data analytics initiatives while developing professional skills.

Qualifications

• GPA of at least 3.0 and be in good academic standing.
• Strong written and verbal communication skills.
• Interest in banking and/or financial services.

Responsibilities

• Understand the science of internal audit and its role in governance.
• Assist in audit tasks across a broad range of Bank operations.
• Identify control issues and help develop corrective recommendations.

Skills

Communication

Analytical thinking

Education

Undergraduate student

Job description

At the Federal Home Loan Bank of Chicago, employees come first - that’s why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.Collaborative, in-office operating modelRetirement program (401k and Pension)Medical, dental and vision insuranceLifestyle Spending AccountCompetitive PTO plan11 paid holidays per yearAn internship with The Federal Home Loan Bank of Chicago is not like your average internship. We offer a dynamic, collaborative , team-centered environment that you may not find anywhere else. You will be engaged in projects that will provide you with real world, hands-on experience in the world of financial services. We are currently seeking a summer intern to work in our Internal Audit department. 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 its 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, an independent federal agency.The Internal Audit Internship will involve:Understanding the science of internal audit and its pivotal role in the governance framework of the BankAssisting in the execution of audit tasks related to a broad range of operations across the BankAssisting with identifying control issues and developing recommendations related to the Bank’s operationsWorking with audit team to implement new data analytic use cases and to improve internal processesWorking alongside other Summer Interns on a Summer Capstone ProjectCompleting ad hoc projectsREQUIREMENTSApplicants should be enrolled in a undergraduate program at an accredited institutionGPA of at least 3.0 and be in good academic standingInterested in banking and/or financial servicesStrong written and verbal communication skillsBe proactive and have a curious mind-setHow You’ll Make an ImpactContribute to key elements of assurance programAdd value to and help develop data analytic use casesEngage with peers to design and present a project which Bank may incorporate into businessSalary Range:$38,800.00 - $58,100.00The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc