Internal Audit Intern - Financial & Operational Audit

FHLB Dallas actively pursues dedicated and hardworking individuals to be a part of our professional team. Positions are offered on an as-needed basis for all departments.  View our current opportunities by clicking the View Open Positions tab above.  

Position Summary

Federal Home Loan Bank of Dallas is seeking undergraduate juniors and seniors or master’s degree students to participate in a paid summer internship program within our Internal Audit department. Interns support engagements spanning financial and operational areas. Working closely with Internal Audit staff, you will gain practical exposure to how controls are tested across the Bank's systems and business processes. This role performs professional auditing work of low to moderate difficulty and complexity and assists other professional auditors.

What You'll Do

• Develop an understanding of the FHLB Dallas audit approach, methodology, and tools.

• Under the direction of department management, participate in audits of financial, compliance, operational, and information technology areas to determine whether operating units comply with Bank policies and procedures and applicable laws and regulations.

• Assist in performance of tests of internal controls in the context of internal audits and SOX testing.

• Prepare audit work papers documenting audit procedures performed and results of testing, in accordance with departmental guidelines.

• Apply data analytics techniques to evaluate complete populations of transactions, access records, and activity logs rather than samples alone.

• Assist in preparing written audit recommendations and reports presented to the auditee.

• Establish effective working relationships with client personnel and apply concepts of risk assessment.

Areas You'll Be Exposed To

• Financial and operational processes. Controls and processes potentially include derivatives, financial reporting, and capital markets operations, to name a few.

• Data analytics. Building and documenting repeatable testing routines that identify exceptions and outliers across full data populations.

• Sarbanes Oxley (SOX) testing. Perform testing of key SOX controls related to various business processes.

Qualifications

Required

• Active and enrolled student in an accredited college or university, classified as a junior or senior.

• Pursuing a degree in accounting, finance, or a related field.

• Completed coursework must include at least one accounting, audit, or risk course and at least one quantitative, information systems, or computer science course.

• Overall GPA of 3.3 or better.

• Proficient in MS Office, with emphasis on Excel and Word.

• Strong written and verbal communication skills, including the ability to explain technical matters to a non-technical audience.

• Demonstrates a high degree of integrity and possesses the ability to complete challenging assignments with a high level of confidentiality.

Preferred

• Knowledge of SQL, Python, or Analytics/ Audit / GRC software such as ACL, Diligent, or Archer; experience with Power BI.

• Intermediate financial accounting coursework, or exposure to banking, treasury, or capital markets.

• Coursework or certification progress toward CIA or CPA eligibility.

What You Will Gain

Interns are assigned to live audit engagements and supported by a designated supervisor. By the conclusion of the program, you will have completed testing within at least one control area, contributed to the department's analytics capabilities, and presented your work to Internal Audit management. High-performing interns are considered for full-time opportunities should an opening arise.

FHLB Dallas Offers a Professional, Inclusive Culture

FHL Bank Dallas employees are committed to and exemplify the following principles:

• Service to our members is first and foremost
• All business will be conducted honestly and ethically
• Each employee contributes to customer service by directly serving our members or supporting those who do
• Interaction with members should focus on building professional relationships and helping customers achieve their goals
• Cooperation and teamwork throughout and across all levels of FHLB Dallas are essential to its effectiveness
• Colleagues and members will be treated with the utmost respect and dignity

FHLB Dallas provides equal employment opportunity to all individuals without regard to race, religion, color, sex, age, marital status, ancestry, veteran status, disability, or national origin. FHLB Dallas will consider for employment all persons on an individual basis consistent with job-related criteria without regard to visible and non-visible disabilities. Equal opportunity applies to all employment practices, including recruitment, screening, hiring, compensation and training, as well as other conditions and privileges of employment.