Summer Internship - Internal Audit

Location: Chicago

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

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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.

The Internal Audit Internship will involve:

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