Logo of Huzzle

Internal Audit Internship

  • Internship
    Full-time
    Off-cycle Internship
  • Data
    Accounting & Tax
  • Cincinnati

AI generated summary

  • You should be pursuing a relevant degree, have strong communication and analytical skills, be proficient in Microsoft Word and Excel, manage time effectively, and promote diversity and inclusion.
  • You will assist with SOX testing and audits, prepare work papers, communicate with staff for insights, and update management on progress and tasks in a team environment.

Requirements

  • Knowledge at a level normally acquired through completion of the first two years of a Bachelor’s degree from an accredited college or university, preferably in a relevant field of study (e.g. Accounting, Finance, Economics, Management Information Systems, Data Science, and Math).
  • Effective verbal and written communication skills.
  • Strong time management skills to ensure the effective and timely completion of assignments.
  • Strong analytical skills to ensure effective analysis of supporting documentation.
  • Proficient in the use of personal computer, including Microsoft Word and Excel.
  • Strong interpersonal skills for effective interaction with associates.
  • Demonstrates a commitment to diversity and inclusion, promoting an environment of empathy and respect.

Responsibilities

  • Assists in performing SOX controls testing and operational, compliance, or technology audits in a professional manner, in accordance with Internal Audit Department policies and procedures. Audits are performed in a team environment under the guidance of the Audit Senior or Audit Manager.
  • Prepares audit work papers according to Internal Audit’s procedures, ensuring that information is documented clearly, concisely, accurately, and in a logical format.
  • Interacts with management and staff to obtain an understanding of the relevant risks, controls, and processes.
  • Provides regular updates to audit management on assigned tasks and controls testing.

FAQs

What is the main objective of the Internal Audit Internship?

The main objective of the Internal Audit Internship is to gain valuable real-world experience by assisting in the execution of the audit plan, including tasks such as SOX controls testing, operational audits, and other internal audit initiatives.

What qualifications are required to apply for this internship?

Candidates should have completed at least the first two years of a Bachelor’s degree from an accredited college or university, preferably in a relevant field of study such as Accounting, Finance, Economics, Management Information Systems, Data Science, or Math.

What skills are important for succeeding in this role?

Important skills include effective verbal and written communication skills, strong time management, analytical skills, proficiency in Microsoft Word and Excel, and strong interpersonal skills for effective interaction with associates.

Who will I be working with during the internship?

During the internship, you will work as part of a team under the guidance of an Audit Senior or Audit Manager while interacting with management and staff to understand relevant risks, controls, and processes.

Will I receive training as an intern?

Yes, as an intern, you will receive guidance and support from the Audit Senior or Audit Manager, ensuring that you understand internal audit policies, procedures, and methodologies.

What kind of tasks will I be performing in this internship?

Tasks will include assisting in SOX controls testing, preparing audit work papers, interacting with management and staff to gather necessary information, and providing updates to audit management on assigned tasks.

What is the working environment for this internship?

The working environment is a normal hybrid office setting, which offers flexibility.

Is there an emphasis on diversity and inclusion in this role?

Yes, the internship emphasizes a commitment to diversity and inclusion, promoting an environment of empathy and respect.

How will I be evaluated during my internship?

You will be evaluated based on your performance in completing assigned tasks, your interaction with team members, and your ability to analyze supporting documentation effectively.

What type of projects will I be involved in as an intern?

You will be involved in projects related to Sarbanes-Oxley controls testing, operational audits, compliance audits, and other internal audit initiatives.

A cooperatively owned regional wholesale bank supporting housing finance and affordable housing in KY, OH and TN.

Finance
Industry
201-500
Employees
1932
Founded Year

Mission & Purpose

The Federal Home Loan Bank of Cincinnati (FHLB) is a regional wholesale bank providing housing finance and economic development products and services to more than 600 member institutions located in the Fifth FHLB District of Kentucky, Ohio, and Tennessee. The FHLB System, including 11 district banks and over 6,000 members, was chartered in 1932 by the U.S. Congress to provide liquidity and other funding for housing finance. The FHLB is wholly owned by its member institution stockholders and does not use taxpayer dollars. We recognize and appreciate the valuable contribution of a diverse workforce!