Audit Intern - 2027

About the role

The Federal Reserve Bank of Cleveland is part of the nation’s central bank and has been recognized for 27 consecutive years as one of Northeast Ohio’s Best Places to Work. The Bank seeks innovative thinkers to contribute to Internal Audit as an Audit Intern.

Responsibilities

• Assist on IT and/or operational 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 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

• U.S. citizen, permanent resident, or green card holder.
• Currently pursuing an undergraduate or graduate degree in Business, IT/Cyber Security, or a related field with a minimum GPA of 3.0.
• At least one semester left to complete in school.
• Strong computer/technical skills; proficiency with Microsoft Office products, specifically Excel and Access (or familiarity with other data access tools).
• Ability to work in a deadline‑driven environment and multitask.
• Ability to work both in a group setting and individually.
• Strong oral and written communication skills.

Skills

Proficiency with Microsoft Excel and Access; strong analytical and interpersonal skills; ability to manage multiple tasks under deadlines.

Benefits

• Hands‑On Experience: gain practical experience and insights into operations through real‑world projects.
• Mentorship: guidance from experienced professionals.
• Networking Opportunities: build connections within the industry and with fellow interns and employees.
• Professional Development: workshops, training sessions, and seminars to enhance skills and knowledge.

Pay

The expected starting salary range for this position is between $20.50 and $26.00 hourly. Final salary and offer will be determined by the applicant’s background, experience, skills, internal equity, and market data.

Schedule

Interns work onsite at the Cleveland, Ohio location, 40 hours per week for a 10‑ to 12‑week internship that starts as early as June and ends as late as September, depending on student schedules and business needs.