Intern - Risk Management - Fraud
About The Position
The Fraud Intern will support Midland's Risk Management Department, gaining hands-on experience in financial crime detection, fraud prevention, and Bank Secrecy Act (BSA) compliance. This role provides an opportunity to work alongside experienced professionals in a fast-paced environment focused on maintaining the safety and integrity of the bank. The intern will contribute to real projects, support innovation efforts tied to AI-driven risk management, and participate in cross-departmental discussions that shape the bank's risk governance strategy.
Requirements
- Enrolled in a degree program in Finance, Business Administration, Economics, Data Analytics, Risk Management, or a related field.
- Strong analytical and problem-solving skills.
- Proficient in Microsoft Office Suite (Excel, Word, PowerPoint).
- Excellent written and verbal communication skills.
- High attention to detail, professionalism, and organizational skills.
- Eagerness to learn and contribute within a collaborative team environment.
- Interest in risk management, fraud detection, and compliance.
- Must be available mid-May through late July 2026.
- Must be available Monday-Friday, 8:00 a.m.-5:00 p.m. (40 hours/week).
- Must reside locally and report to the Effingham, IL office.
Responsibilities
- Assist with monitoring fraud-related alerts and identifying potential risks.
- Support monthly and quarterly risk and fraud reporting.
- Research and develop use cases for AI integration into risk management processes.
- Participate in Access Review and data analysis projects to identify process improvements.
- Attend department meetings, cross-functional sessions, and ROCI (Risk Oversight & Control Improvement) discussions.
- Contribute to documentation and process streamlining initiatives.
- Shadow fraud and BSA professionals to learn best practices in financial crime prevention and investigation.
- Perform other duties as assigned.
- Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).
Benefits
- comprehensive healthcare
- well-being benefits
- paid family leave
- generous paid time off
- banking perks
- Employee Stock Purchase Plan
- 401K plan with company match
- opportunity to participate in our Non-Qualified Deferred Compensation plan
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What This Job Offers
Job Type
Full-time
Career Level
Intern
Industry
Credit Intermediation and Related Activities
Education Level
No Education Listed
Number of Employees
501-1,000 employees
