# Summer Internship - Internal Audit at FHLBank Chicago

- Company: [FHLBank Chicago](https://fhlbc.com)
- Location: Chicago, IL
- Type: Internship · Internship
- Posted: 2026-09-16
- Apply: https://fhlbc.wd1.myworkdayjobs.com/search/job/Chicago/Summer-Internship---Internal-Audit_R2600442
- Page: https://newgrad.ai/jobs/summer-internship-internal-audit-a7a84f2a

## Summary by newgrad.ai

What you'll do:

- Learn internal audit's role in the Bank's governance framework
- Assist with audit tasks across various Bank operations
- Help identify control issues and develop operational recommendations
- Implement new data analytics use cases with the audit team
- Collaborate on a Summer Capstone Project with other interns

What they're looking for:

- Currently enrolled in an accredited undergraduate program
- Minimum 3.0 GPA in good academic standing
- Interest in banking and financial services
- Strong written and verbal communication skills
- Proactive with a curious mindset

Pay and perks:

- $38,800–$58,100 salary range
- 401(k) and pension, medical/dental/vision insurance, paid time off, 11 paid holidays

## Posting

At the Federal Home Loan Bank of Chicago, employees come first - that's why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.

- Collaborative, in-office operating model

- Retirement program (401k and Pension)

- Medical, dental and vision insurance

- Lifestyle Spending Account

- Competitive PTO plan

- 11 paid holidays per year

An internship with The Federal Home Loan Bank of Chicago is not like your average internship. We offer a dynamic, collaborative, team-centered environment that you may not find anywhere else. You will be engaged in projects that will provide you with real world, hands-on experience in the world of financial services. We are currently seeking a summer intern to work in our Internal Audit department. Applicants should have an interest in learning more about Banking, Finance, and Auditing.

Who are we you ask? We are a federally chartered corporation and one of 11 Federal Home Loan Banks (FHLBanks) that, with the Office of Finance, comprise the Federal Home Loan Bank System. The FHLBanks were chartered by Congress under the Federal Home Loan Bank Act of 1932 to improve the availability of funds to support home ownership. Each FHLBank is cooperatively owned by member financial institutions in its district and operated as a separate entity with its own management, employees, and board of directors. Our district consists of the states of Illinois and Wisconsin. We are regulated by the Federal Housing Finance Agency, an independent federal agency.

### The Internal Audit Internship will involve:

- Understanding the science of internal audit and its pivotal role in the governance framework of the Bank

- Assisting in the execution of audit tasks related to a broad range of operations across the Bank

- Assisting with identifying control issues and developing recommendations related to the Bank's operations

- Working with audit team to implement new data analytic use cases and to improve internal processes

- Working alongside other Summer Interns on a Summer Capstone Project

- Completing ad hoc projects

### REQUIREMENTS

- Applicants should be enrolled in a undergraduate program at an accredited institution

- GPA of at least 3.0 and be in good academic standing

- Interested in banking and/or financial services

- Strong written and verbal communication skills

- Be proactive and have a curious mind-set

### How You'll Make an Impact

- Contribute to key elements of assurance program

- Add value to and help develop data analytic use cases

- Engage with peers to design and present a project which Bank may incorporate into business

### Salary Range:

$38,800.00 - $58,100.00

The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc

From FHLBank Chicago's public posting, laid out for reading by newgrad.ai with the wording unchanged. Check the original before you apply.

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