Audit Intern - Summer 2025 at Federal Reserve Bank (FRB) in Cleveland, Ohio

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-five 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.

Join our team as an onsite paid intern – summer 2025!

Take your skills to the next level and gain valuable experience contributing work within the Audit group.

Audit Intern Duties:

As an intern, 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 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 IT 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 Audit Internship:

• Currently pursuing an undergraduate or graduate degree in Business, IT/Cyber Security, or a related field with a minimum GPA of 3.0.




• Strong computer/technical skills required. Proficiency with Microsoft Office products, specifically Excel and Access (or familiarity with other data access tools).




• Need to have one semester remaining upon completion of the internship.




• Must have completed freshman year and have a minimum GPA of 3.0.




• Must be proactive and self-directed, along with having strong attention to detail and organizational skills.




• Excellent planning/documentation skills.




• Ability to multi-task in a fast-paced environment.




• Ability to partner in a highly collaborative atmosphere.




• Self-starter with strong leadership skills, including verbal, written, and interpersonal communication skills.




• Strong analytical, multitasking, organization, problem solving, and time management 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.

Physical Demands and General Working Conditions

Traditional office environment: Employees typically sit most of the day, work with a computer and may answer/respond to phone calls. Physical movement consists of walking for meetings, breaks, etc. Ability to lift items weighing approximately 20 pounds on a limited basis is required. Employees will be required to travel by car/air.

Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

No

Job Category

Internship

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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