Summer 2027 Undergraduate Internship - Audit, Risk, & Compliance

Fidelity•Boston, MA

8d•Onsite

About The Position

This internship is part of Fidelity’s full-time, paid, 10-week FIDTERN Program, an immersive experience designed to reflect the expectations, culture, and impact of working at Fidelity as a full-time associate. The program complements your role through structured development, meaningful connections, and a strong sense of community—preparing you for a future career at Fidelity. In this role, you will contribute to meaningful, real-world work while gaining exposure to how a leading financial services organization identifies, manages, and mitigates risk across the enterprise. You will gain hands-on experience across risk management, compliance, audit / IT audit, and technology risk functions, with alignment to a primary focus area based on your skills, interests, and business needs. The FIDTERN Experience includes Professional & Financial Development through webinars led by senior leaders and subject matter experts, Mentorship opportunities with experienced Fidelity associates, and Regional & Community Events to build relationships with fellow interns and leaders. Fidelity’s Audit, Risk, and Compliance groups protect the interests of our customers, associates, and trusted brand. These teams serve as the ethical standard of the organization by identifying risks, strengthening controls, and helping the firm navigate regulatory, operational, financial, and technology challenges. Internship opportunities span areas such as Business Audit, Technology Audit, Enterprise Risk & Compliance, Technology Risk, and Data Analytics. This role is well suited for students interested in proactively identifying issues before they materialize and contributing to the protection of a large, complex financial services organization. Depending on your focus area, work may include activities such as regulatory and operational risk management, technology controls, data analysis, fraud detection, and financial crime investigations.

Requirements

Strong critical thinking and analytical skills
A data-savvy, problem-solving mindset with intellectual curiosity
Information systems and programming language knowledge
Ability to collaborate effectively and communicate clearly
Comfort working in ambiguous or evolving environments.
Interest in risk management and protecting a large organization.
Desire to help protect Fidelity’s customers, associates, and brand
Current undergraduate student returning to coursework after the internship.
Availability for the full 10-week program (June 7 – August 13, 2027)

Responsibilities

Assist with identifying, assessing, and evaluating risks and controls across business and technology processes.
Support control testing, data analysis, and documentation of results and findings.
Apply analytical and critical thinking skills to identify issues, root causes, and potential solutions.
Collaborate with business, technology, and assurance partners to understand processes, systems, and regulatory expectations.
Contribute to clear documentation and reporting that outlines risks, impacts, and recommended actions.
Leverage tools, data, technology, and automation to improve the effectiveness of risk, compliance, and audit work.
Support enterprise and operational risk assessments.
Help identify emerging risks and regulatory changes.
Assist with risk reporting and monitoring activities.
Support compliance programs, including monitoring, training, policies, and procedures.
Assist with regulatory change management and compliance risk assessments.
Partner with teams such as Financial Crimes, Employee Compliance, or Digital Compliance.
Participate in business and operational audits.
Perform audit testing, interviews, and documentation.
Assist in drafting observations and recommendations to strengthen controls.
Support technology and integrated audits with a focus on IT Controls across applications, infrastructure, and cloud platforms.
Assist in testing application controls, system configurations, infrastructure testing, cloud environments (AWS/Azure), and cybersecurity controls aligned to industry frameworks.
Evaluate access management, change management, system development, and security monitoring processes for technology risk.
Apply analytics, automation, and scripting tools (e.g., python) to identify control gaps.
Assist in cybersecurity, cloud, and emerging technology risk assessments.