2024 Summer - Audit Intern

Federal Reserve Bank of Boston

Mar 16, 2024

Applications are closed

Internship
Full-time
Summer Internship
Accounting & Tax
Boston

Requirements

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.

Responsibilities

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.
Assist in the execution of the approved System and local audit program in accordance with established policies and standards under direct supervision.
Prepare clear and concise work papers that document the audit tests performed and the conclusions drawn.
Review, verify and analyze transactions, records, reports and procedures for accuracy and effectiveness.
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.
Assist in appraising the adequacy of corrective action taken to address reported audit exceptions as necessary.
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.
Develop/maintain audit programs and risk assessments for assigned areas of liaison coverage.
Provide audit coverage to less-complex system development efforts and other projects.

Federal Reserve Bank of Boston

Public Service that Makes a Difference

Finance

Industry

1001-5000

Employees

1914

Founded Year

Mission & Purpose

The Federal Reserve Bank of Boston is one of 12 banks in the Federal Reserve System that serves as the central bank of the United States. As a leader in financial regulation, monetary policy, and a pioneer of new payment strategies the Boston Fed uses cutting edge technology to achieve its goals and ensure a vibrant economy. As part of the central bank of the United States the Fed is tasked with ensuring the growth and stability of the global economy, and is called upon to respond to financial crises. In order to do this the Federal Reserve Bank of Boston has pioneered cutting edge payment methods, developed state of the art data security programs, and conducted extensive research to assist in policy directives from the Federal Government. The Boston Federal Reserve serves the First Federal Reserve District that includes the six New England states: Connecticut (excluding Fairfield County), Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. With a great and growing commitment to diversity and community outreach, the Boston Fed continues to promote sound growth and financial stability in New England and throughout the nation.