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Summer Associate Internship (Internal Audit - Operational Audit)

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Navy Federal Credit Union

13d ago

  • Internship
    Full-time
    Summer Internship
  • Accounting & Tax
    Banking & Finance
  • Vienna

AI generated summary

  • You must be pursuing a relevant degree, understand internal audit processes, possess research and analytical skills, apply data to guidelines, and have an interest in risk management and governance.
  • You will assist with operational audits, conduct research and data analysis, perform control testing, document findings, summarize issues, prepare workpapers, and collaborate with the team.

Requirements

  • Currently pursuing a bachelor’s degree or higher in Accounting, Business, Finance, Computer Science, or a related field
  • Familiarity with the internal audit function and processes
  • Effective research, critical thinking, analytical, and problem-solving skills
  • Experience in following, interpreting, and applying relevant data/instructions to guidelines, procedures, practices, and regulations
  • Interest in risk management, audit, and/or enterprise governance

Responsibilities

  • Assist with operational audits in accordance with Navy Federal and industry audit standards
  • Conduct preliminary research, identify and analyze data through data analytics, participate in process walkthroughs, document process narratives and workflows, identify key risks and controls, and obtain audit evidence for testing
  • Assist in performing control testing. Apply critical thinking skills by seeking to understand and execute assigned control testing and document results according to professional and internal standards
  • Review and analyze audit evidence and adequately document testing results to determine design and operating effectiveness of controls
  • Identify and summarize potential issues and observations to discuss with the Auditor-In-Charge in a timely manner
  • Prepare audit workpapers to document relevant information obtained, analyzed, and evaluated that support audit observations/issues and conclusions
  • Self-manage workload/timelines and report delays and issues to audit management
  • Collaborate with others throughout your internship, including with other Summer Associates
  • Work well within the team environment, taken on challenging stretch assignments for professional growth and development, and have fun!

FAQs

What is the main goal of the Internal Audit department at Navy Federal?

The main goal of the Internal Audit department is to provide independent, objective assurance and advisory services designed to evaluate and improve the effectiveness of the risk management process.

What type of projects will the Summer Associate work on?

The Summer Associate will work on operational audits across areas such as Corporate Services, Lending, and Non-Lending functions, including tasks like supporting control testing, assisting with issue closures, and conducting research on emerging topics affecting internal audit.

What educational background is required for the Summer Associate Internship?

Candidates must be currently pursuing a bachelor’s degree or higher in Accounting, Business, Finance, Computer Science, or a related field.

Is experience in internal auditing necessary for this internship?

Familiarity with the internal audit function and processes is preferred, but specific prior experience is not mandatory.

How does the Summer Associate contribute to the audit process?

The Summer Associate will assist with operational audits, conduct preliminary research, analyze data, participate in process walkthroughs, document processes, and help prepare audit workpapers.

What skills are considered important for this role?

Important skills include effective research, critical thinking, analytical, and problem-solving abilities, as well as experience in following and applying relevant data and guidelines.

Where is the internship located?

The internship is a hybrid position with reporting to leadership at either the Vienna, VA or Pensacola, FL campus.

What qualities are desired in candidates for this internship?

Candidates should have an interest in risk management, audit, and enterprise governance, as well as the ability to work well in a team environment and take on challenging assignments for professional growth.

Will there be opportunities for professional development during the internship?

Yes, the internship encourages collaboration with others and provides opportunities for stretching assignments that promote professional growth and development.

Does Navy Federal offer competitive pay and benefits for this internship?

Yes, Navy Federal offers highly competitive pay along with generous benefits and perks for their employees, including interns.

Navy Federal Credit Union

Our Members Are the Mission

Finance
Industry
10,001+
Employees
1933
Founded Year

Mission & Purpose

Navy Federal is the world’s largest credit union, with more than 13 million members, $178 billion+ in assets and 24,000+ employees. Throughout campuses in Vienna, VA Pensacola, FL and Winchester, VA, as well as more than 350 branches, we serve the Armed Forces, Department of Defense, veterans and their families with world-class financial products and services. Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks. Our approach to careers is simple yet powerful: Make our mission your passion. Equal Housing Lender