2024 Summer - Audit Intern

Company

Federal Reserve Bank of Boston

As part of the central bank of the United States, the Boston Fed works to promote sound growth and financial stability in New England and the nation.

We contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts.

This job is eligible for a hybrid schedule with some on-site work expected.

Job Summary:

This position is part of the Bank's Internship/ Co-op Program which is offered to students who are currently enrolled in graduate and undergraduate studies.

This Program identifies talented and qualified candidates who could potentially fill professional job openings in the Bank.

This position is responsible for assisting in the performance of audits and other projects.

 

Job Responsibilities:
1.

Assist in the evaluation of governance and risks and the determination of the effectiveness of controls regarding the reliability and integrity of financial and operational information, the effectiveness and efficiency of operations, safeguarding of assets and compliance with applicable rules and regulations.
2.

Assist in the execution of the approved System and local audit program in accordance with established policies and standards under direct supervision.
3.

Prepare clear and concise work papers that document the audit tests performed and the conclusions drawn.
4.

Review, verify and analyze transactions, records, reports and procedures for accuracy and effectiveness.
5.

Identify and assess the impact of audit exceptions, make appropriate recommendations and present clear and convincing explanations of the issues with audit management and operating personnel.
6.

Assist in appraising the adequacy of corrective action taken to address reported audit exceptions as necessary.
7.

Obtain and maintain a general knowledge base and an awareness of activities in less-complex areas of assigned liaison coverage, review and analyze pertinent data, and assess the impact of changes.
8.

Develop/maintain audit programs and risk assessments for assigned areas of liaison coverage.
9.

Provide audit coverage to less-complex system development efforts and other projects.

The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. 

The above statements are intended to describe the general nature and le...