Audit, Compliance & Risk Intern

AlerusGrand Forks, ND
17d$20

About The Position

Our 10-week summer internship program (approx. June 8 - August 14) offers a hands-on learning experience under the guidance of experienced professionals in audit, risk, and compliance. The Intern will work directly with our Internal Audit, Compliance, and Risk Management teams to gain exposure to key governance functions. Interns will learn and actively participate in audit and compliance programs, assist with SOX internal control testing, and support general risk management activities. This role provides a unique opportunity to understand how organizations maintain regulatory compliance, manage risk, and ensure strong internal controls.

Requirements

  • Student pursuing undergrad degree with anticipated graduation date between June 2026 - June 2027.
  • Ability to start internship program on June 8, 2026 
  • Strong interest in business and finance, though no specific major is required.
  • Highly organized; ability to manage and prioritize multiple tasks and deadlines simultaneously.
  • Strong analytical, problem-solving and critical thinking skills.
  • Ability to work independently and as part of a team within a professional setting.
  • Proficient in Microsoft Office Suite (Word, Excel, PowerPoint).
  • Flexibility to work primarily in Grand Forks, ND, with the ability to travel occasionally to Fargo and Minneapolis for collaborative projects and team initiatives.

Nice To Haves

  • Basic understanding of accounting principles or relevant accounting coursework strongly preferred.

Responsibilities

  • Assist with planning and executing risk-based audits, including documentation and reporting of findings.
  • Update audit programs and support SOX testing to ensure compliance with regulations and internal standards.
  • Participate in compliance reviews, policy updates, and monitoring activities to validate control effectiveness.
  • Collaborate with business units to track remediation of audit and compliance observations.
  • Contribute to enterprise risk assessments, including risk & control self-assessments (RCSA) and operational loss analysis.
  • Help manage Key Risk Indicators (KRIs), investigate threshold breaches, and prepare summary reports for leadership.
  • Support vendor risk reviews and business continuity planning.
  • Prepare materials for governance committees and assist with updates to risk appetite statements.
  • Attend required compliance and banking trainings to build regulatory knowledge and professional skills.
  • Apply internal audit and risk management methodologies, including IIA Standards, throughout the internship experience.
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