Internal Audit Intern

Description

Job Title: Internal Audit Intern

Location: Worcester, MA (Onsite)
Status: Hourly, Non-Exempt
Department: Internal Audit
Duration: Summer 2025
Hours: Full-time, 37.5 hours per week

About Us

Established in 1928 and driven by a goal to make life more comfortable for our community, Webster First Federal Credit Union has grown to an over one-billion-dollar financial institution, serving over 90,000 members across our banking and lending services. Our mission is to leverage who we are as a credit union to empower our members to live their best financial lives. We focus on members, not profits, and our values of strength, exceptional service, and “New England authenticity” are at the heart of everything we do.

We can’t do it without an exceptional workforce! With approximately 250 employees spread across 15 locations in Massachusetts, Webster First Federal Credit Union is committed to empowering a diverse and inclusive workforce that is representative of the community we serve. Our members come from all walks of life and, not unintentionally, so do our staff. We hire great people from a wide variety of backgrounds, not just because it’s the right thing to do, but because it makes us stronger.

Summary

As an Internal Audit Intern, you will gain hands-on experience in risk assessment, compliance, and internal controls by supporting our Internal Audit team in evaluating financial and operational activities. You will assist in reviewing policies, identifying control weaknesses, and making recommendations to improve efficiencies and regulatory compliance. This internship is ideal for students interested in audit, risk management, or financial compliance who want to apply their analytical skills in a real-world setting.

Key Responsibilities

• Assist in reviewing internal controls, processes, and compliance with credit union policies and regulations.
• Support audit planning by conducting preliminary research and identifying key control points.
• Help perform audit testing, including gathering, analyzing, and appraising financial and operational data.
• Document findings, risks, and recommendations in audit reports.
• Participate in interviews with department staff to understand workflows and assess control effectiveness.
• Assist in evaluating corrective actions taken in response to prior audit recommendations.
• Support the development of audit programs and procedures.
• Perform or assist in special reviews at the request of management.
• Conduct research on regulatory changes and best practices in internal auditing.
• Promote overall BSA Compliance by adhering to all BSA and OFAC Regulations specific to job function and by assisting BSA Department as necessary with any departmental function specific items and;
• Will actively promote the security and privacy of member and employee information through adherence to both information security and physical security policies, procedures, and governing regulations. Training will be completed at least annually for Information Security topics, BSA, and GLBA; annual BSA training will be position specific. Annual training will also include courses on any of the following regulations as they relate to the position described herein: SAFE ACT, Regulations B, C, D, E CC, DD, and Z as well as any training deemed necessary to promote adherence to applicable regulatory requirements.

Qualifications / Requirements

• Strong analytical and problem-solving skills—comfortable working with data and financial statements.
• Proficiency in Microsoft Excel, Word, and data analysis tools.
• Excellent written and verbal communication skills.
• Interest in audit, risk management, and regulatory compliance.
• Strong organizational and time management skills.
• Ability to collaborate in a team-oriented, fast-paced environment.

Education & Experience

• Currently pursuing a bachelor’s degree in Accounting, Finance, Business, or a related field.
• Prior internship, coursework, or project experience in auditing, compliance, or financial analysis is a plus but not required.

Physical Demands & Work Environment:

This role primarily takes place in a professional office environment and involves sedentary work, at a desk or teller station, using a computer, and engaging in phone or video conversations. The noise level is generally moderate. Employees may need to sit or stand for extended periods, move about the office, and occasionally lift, push, pull, or carry items up to 20 pounds. Some repetitive motion including movements (motions) of the wrists, hands, and/or fingers. Employees are required to have visual acuity to perform activities such as transcribing, viewing and using a computer, and reading documents, as well as the ability to communicate verbally with colleagues, supervisors, members, and visitors. Reasonable accommodations will be provided as needed.

Qualifications