Audit Intern - 2027 at Federal Reserve System in Cleveland, OH

Job description

Company Federal Reserve Bank of Cleveland The Federal Reserve Bank of Cleveland is part of the nation’s central bank. We’ve provided many opportunities for professional growth during our history. For twenty-seven years in a row, we’ve been named “One of Northeast Ohio’s Best Places to Work” by North Coast 99. This prestigious award honors organizations with outstanding employment practices, including compensation, benefits, training, recruitment, retention, community services, and employee communications. Our People Make the Difference! The Federal Reserve Bank of Cleveland is seeking innovative thinkers with vision to build the framework that will carry the Bank into the future. Follow us on LinkedIn, Twitter, Instagram, and our YouTube channel – Cleveland Fed To be considered for this role, candidates must be a U.S. citizen, permanent resident, or green card holder. Take your skills to the next level and gain valuable experience contributing to work within Internal Audit. Audit Intern Duties : You will work with Audit team members to enhance and protect organizational value by providing risk-based and objective assurance, advice, and insights in the evaluation of the effectiveness of risk management, internal control, and governance processes. As an intern you may Assist on IT and / or operational audits or projects for business areas within the Fourth District. Conduct interviews with clients, staff, and management to understand their control environment. Analyze data and business processes to evaluate and verify compliance with established policies or procedures. Assist audit staff in determining if internal controls and processes are effective for assigned audit steps. Prepare workpapers for auditor-in-charge and audit management. Complete projects and ad hoc assignments (e.g., flowcharting new processes, helping with developing new audit tools, updating department websites, etc.). Engage in leadership and career development activities for your future. Perform other duties as assigned or requested. Requirements for Internships : Currently pursuing an undergraduate degree or graduate degree in Business, IT/Cyber Security, or a related field with a minimum GPA of 3.0. Should have at least one semester left to complete in school. Strong computer/technical skills required. Proficiency with Microsoft Office products, specifically Excel and Access (or familiarity with other data access tools). Ability to work in a deadline driven environment and ability to multitask. Ability to work both in a group setting and on an individual basis. Strong oral and written communication skills. What We Offer : Hands-On Experience : Gain practical experience and insights into the operations field through real-world projects and challenges. Mentorship : Receive guidance and mentorship from experienced professionals who are committed to your development. Networking Opportunities : Build connections within the industry and with fellow interns and employees. Professional Development : Participate in workshops, training sessions, and seminars designed to enhance your skills and knowledge. Our interns will work onsite at our Cleveland, Ohio location. We’re looking for collaborative and innovative full-time students entering their sophomore year or beyond. Our student interns work 40 hours per week for the duration of a 10- to 12-week internship that starts as early as June and ends as late as September, depending on student schedules and business needs. The expected starting salary range for this position is between ​$20.50 and $26.00 hourly. Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data . To be considered for this position please apply by October 31st, 2026 Physical Demands and General Working Conditions This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with