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Summer Associate Internship (Internal Audit - Operational Audit)

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Navy Federal Credit Union

12d ago

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

AI generated summary

  • You must be pursuing a degree in a related field, have familiarity with internal audit processes, strong analytical skills, and an interest in risk management and audit.
  • You will assist with audits, analyze data, conduct walkthroughs, document processes, perform control testing, prepare workpapers, identify issues, and collaborate with the team for professional growth.

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 primary goal of the Internal Audit department at Navy Federal?

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

What will the Summer Associate's primary responsibilities include?

The Summer Associate will assist with operational audits, conduct preliminary research, perform control testing, review audit evidence, prepare audit workpapers, and collaborate with other associates.

What kind of projects will the Summer Associate be involved in?

The Summer Associate will work on operational audits across areas such as Corporate Services, Lending, and Non-Lending functions, which may include control testing, issue closures, and research on emerging topics impacting internal audit.

What qualifications are required for the Summer Associate position?

Candidates should be pursuing a bachelor’s degree or higher in Accounting, Business, Finance, Computer Science, or a related field, and should have familiarity with the internal audit function, effective research and analytical skills, and an interest in risk management.

Where will the Summer Associate work?

The Summer Associate will work in a hybrid capacity, reporting to leadership at either the Vienna, VA or Pensacola, FL campus.

What type of work environment does Navy Federal promote?

Navy Federal promotes a hybrid workplace, which includes both remote and in-office work, fostering collaboration and productivity.

Is this internship program recognized for its quality?

Yes, it has been recognized as one of the Top 100 Internship Programs by Yello and WayUp.

Are there opportunities for professional growth during the internship?

Yes, interns are encouraged to take on challenging assignments for professional growth and development while collaborating within a team environment.

Does Navy Federal have a commitment to diversity in the workplace?

Yes, Navy Federal values and enacts diversity in the workplace and takes affirmative action to employ and advance qualified individuals from diverse backgrounds.

What benefits does Navy Federal offer to its employees?

Navy Federal provides competitive pay and generous benefits and perks that contribute to a meaningful career experience.

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