Summer 2025 Internship - Internal Controls (SOX/COSO)

Company:  Federal Reserve Bank
Location: Dallas
Closing Date: 09/11/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description

CompanyFederal Reserve Bank of DallasWe are dedicated to serving the public by promoting a strong financial system and a healthy economy for all. These efforts take a team of dedicated individuals doing many different jobs. Together we’re creating a workplace where talented people can thrive, and we welcome your unique background and perspective to help present the best possible solutions for our partners.Location: #LI-HybridABOUT THE DALLAS FED:At the Dallas Fed we serve the public by partnering with communities and businesses, promoting jobs and stable prices, and keeping your money safe and available. We welcome different perspectives, ideas, and experiences, and are committed to maintaining an inclusive and diverse culture. As part of the nation’s central bank, we are committed to improving the economy and our communities. Are you ready to make a difference?Learn more about the Dallas Fed: .ABOUT THE INTERNSHIP PROGRAM:We offer paid, full-time summer internships for many majors, with fulfilling work and opportunities to grow. To help launch your career, we provide dedicated staff mentors. You’ll also learn from senior leaders and industry experts. As part of the Federal Reserve System, you’ll be connected to a professional network that spans the nation. You will begin in early June and will be based in the Dallas office.Learn more about our internship program: .ABOUT YOUR TEAM:The Strategic Risk Management (SRM) team consists of two main functions – Internal Controls and Enterprise Risk Management (ERM). Internal Controls performs quarterly testing on controls that have a direct impact to our financial statements to ensure they are free from any material misstatement. Enterprise Risk Management aids in effectively managing risks to our mission critical operations which includes collaborating with business areas to identify, assess, monitor, and report on organizational risk as well as serve in an advisory capacity to senior leaders and the Bank’s Risk Management Committee (RMC).The Project Management Office (PMO) is responsible for coordinating the annual Investment Review Committee (IRC) Submission Cycle, captures monthly reporting on all ongoing IRC projects, and hosts quarterly update meetings for agile projects post-release. The team collaborates with a variety of stakeholders all across the District to ensure a successful submission cycle and accurate project status reporting.The Financial Planning & Analysis (FP&A) team oversees the Eleventh District's operational budget, coordinates the Bank's monthly financial forecast, prepares the annual financial plan, and ensures compliance with the Federal Reserve System's Planning and Control System (PACS), the fundamental expense accounting and budgeting system for all Reserve Banks. To accomplish this, the team partners with each business area in the District to improve the overall budget and forecasting performance while ensuring alignment with local and System strategies and compliance with cost accounting policies.WHAT YOU’LL DO:Gain knowledge and basic understanding of above-mentioned teams and their general processesSupport the Internal Controls team by performing controls testing of various business areasSupport the ERM team by researching topics in preparation of RMC or other advisory group meetingsSupport the PMO team by effective note-taking and researching into projects as necessarySupport the FP&A team with a project or task related to budget or cost accountingSupport teams in creating or updating materials and documentation and recommending improvements as requestedWHAT YOU BRING:Junior or Senior student majoring in Accounting, Finance, Risk, Business or related fieldProficient in Microsoft Excel, Word, PowerPoint, Outlook, SharePointExcellent analytical and communication skills, both verbal and writtenEquivalent education and/or experience may be substituted for any of the above requirementsOUR BENEFITS:Flexible hoursProfessional development opportunitiesBroader networking opportunities across DistrictDowntown location with free parking24/7 on-site fitness center (Houston, Dallas)On-site café and coffee shopWORK HOURS:Monday – Friday, 8:00 a.m. – 5:00 p.m. (40 hours/ week). Some additional hours may be requiredNOTES:Applicants must be eligible to work in the U.S and the role is not available for sponsorship.If you need special accommodations during your interview process, please notify your Talent Acquisition Consultant.We are proud to be an equal opportunity employerFull Time / Part TimeFull timeRegular / TemporaryTemporaryJob Exempt (Yes / No)NoJob CategoryInternshipWork ShiftFirst (United States of America)The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.Always verify and apply to jobs on Federal Reserve System Careers ( ) or through verified Federal Reserve Bank social media channels.Privacy Notice (

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