Summer Internship - Internal Audit

FHLBank; Chicago (IL); On-site; USD 39,000 - 58,000; Part time

Benefits offered by this job

Retirement plan (401k and Pension)

Medical, dental and vision insurance

Lifestyle Spending Account

Competitive PTO plan

11 paid holidays per year

Job summary

The Federal Home Loan Bank of Chicago is seeking a summer Intern for our Internal Audit department. Join a dynamic, collaborative, team-centered environment and work on real-world projects in financial services.

Applicants should be enrolled in an undergraduate program with a GPA of at least 3.0, be curious, proactive, and eager to learn about banking, finance, and auditing. Salary range shown below and comprehensive benefits offered.

Qualifications

• Enrolled in an undergraduate program with GPA at least 3.0.
• Interest in banking and/or financial services.
• Strong written and verbal communication skills.

Responsibilities

• Understanding the science of internal audit and its pivotal role in the governance framework of the Bank.
• Assisting in the execution of audit tasks related to a broad range of operations across the Bank.
• Assisting with identifying control issues and developing recommendations related to the Bank’s operations.
• Working with audit team to implement new data analytic use cases and to improve internal processes.
• Working alongside other Summer Interns on a Summer Capstone Project.
• Completing ad hoc projects.

Skills

Written & verbal communication

Education

Undergraduate program GPA≥3.0

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 model.

• Retirement program (401k and Pension)
• Medical, dental and vision insurance
• Lifestyle Spending Account
• Competitive PTO plan
• 11 paid holidays per year

An 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.

Internship Responsibilities

• Understanding the science of internal audit and its pivotal role in the governance framework of the Bank
• Assisting in the execution of audit tasks related to a broad range of operations across the Bank
• Assisting with identifying control issues and developing recommendations related to the Bank’s operations
• Working with audit team to implement new data analytic use cases and to improve internal processes
• Working alongside other Summer Interns on a Summer Capstone Project
• Completing ad hoc projects

Requirements

• Applicants should be enrolled in a undergraduate program at an accredited institution GPA of at least 3.0 and be in good academic standing
• Interested in banking and/or financial services
• Strong written and verbal communication skills
• Be proactive and have a curious mind‑set

How You’ll Make an Impact

• Contribute to key elements of assurance program
• Add value to and help develop data analytic use cases
• Engage with peers to design and present a project which Bank may incorporate into business

Salary Range: $38,800.00 - $58,100.00

The 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

Our mission at FHLBank Chicago: To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment, and support for their community investment activities. Simply said, we’re a bank for banks and other financial institutions, focused on being a strategic partner for our members and working together to reinvest in our communities, from urban centers to rural areas. Created by Congress in 1932, FHLBank Chicago is one of 11 Federal Home Loan Banks, government sponsored in support of mortgage lending and community investment.