Audit

Old Second National Bank•Downers Grove, IL

3d•$20•Onsite

About The Position

An Audit Intern at the bank supports the Internal Audit team in evaluating the effectiveness of financial, operational, and compliance controls across various business units. The role typically involves assisting with risk assessments, performing walkthroughs, reviewing documentation, and testing internal controls to ensure adherence to regulatory requirements and internal policies. The role includes performing transaction and control testing under the guidance of senior auditors, evaluating control design and effectiveness, and identifying risks or control gaps. Interns are responsible for accurately documenting procedures, evidence, and findings in audit workpapers and drafting clear preliminary observations for review. They also help ensure adherence to company policies and escalate issues appropriately, gaining hands-on exposure to risk management, internal controls, and regulatory compliance within the banking environment. This experience provides exposure to financial services operations, risk management practices, and regulatory frameworks that guide the banking industry.

Requirements

Must have a high school diploma or equivalent and be in pursuit of an undergraduate college degree, as follows:
Currently enrolled in college; or
Enrolled in college for Fall 2026; or
College graduate between May 2025 – June 2026
Must have reliable transportation and be able to work onsite. Onsite locations depend on the department. Common onsite locations include Downers Grove, Oakbrook, Aurora and Chicago-Wacker.
Must be available to work 20-40 hours per week and be available to start late May/early June through the end of July/early August.
Internship durations vary between 8 – 12 weeks.
Proficient in using Window 2010 Office software with intermediate skills in Word, Excel and PowerPoint.
High degree of accuracy and attention to detail.
Ability to work in a fast-paced environment; prioritizing work and multi-tasking.
Desire to work in a professional environment.

Responsibilities

Assist in performing a variety of financial, operational, Internal Control over Financial Reporting and other projects according to the internal audit plan.
Conduct testing of transactions and internal controls under the supervision of the senior auditor or manager
Evaluate the design and effectiveness of internal controls and identify risks, control gaps, deficiencies, or opportunities for improvement
Validate adherence to company policies, procedures, or other relevant requirements
Document audit procedures, findings, and evidence in workpapers accurately and completely
Draft clear and concise audit findings and help communicate preliminary observations to audit seniors or manager
Escalate issues to senior auditors or manager when appropriate