2024 Audit Intern (Construction)

Salem Five is a growing regional financial services organization with a rich history of over 160 years.  As an independent bank, we are deeply rooted in the communities we serve and offer our employees successful and rewarding careers.

This position requires the ability to work in the Salem, MA offices.

Summer Intern Assignment

The intern program at Salem Five Bank is a paid summer internship. Internships are open to college students completing their sophomore or junior years. This is a five day per week assignment, (M-F) 8:30 a.m. to 5 p.m.  (2024 program dates are Tuesday, May 28, 2024 through Friday, August 9, 2024.)

During the assignment, the intern will have the opportunity to work with members of the Internal Audit Department and leadership throughout Salem Five Bank to gain a working knowledge of both the internal audit profession and overall business operations at a mutual savings bank.  The intern will also gain valuable experience under the direction of an experienced audit professional.  Throughout the internship, the intern will participate in Salem Five events and contribute to internal audit processes and projects. 

The intern will join the team after completing an Intern Orientation on their first day.  

 

Who We Are: Join an organization that prioritizes innovation, customer service and supporting the communities we serve. Love the people you work with while participating in and helping to shape our collaborative environment. When you join Salem Five, you become part of a growing, regional financial services company. Salem Five has more than 30 retail banking branches throughout Essex, Middlesex, Norfolk and Suffolk counties, strong business banking capabilities, an Insurance division, a Wealth Management & Trust organization and a Mortgage Company that has provided homeownership to generations of families. 

Why Salem Five: We've been around since 1855 – which means we will be around a lot longer – but we also know what it takes to be competitive in this day and age.  We pride ourselves in being one of the first banks on the internet and continually try and push ourselves to offer the latest in online and mobile banking to serve our customers in whichever channel they prefer. Whether it be a virtual assistant via our website, obtaining cash at ATMs without a card present, or going through the mortgage process via our digital app, we want to offer the digital experiences that customers want. Continued company growth offers opportunities for individual growth. 

Salem Five believes deeply in supporting the communities in which we reside. Donations through our Charitable Foundation or events at the branch or location-level are an important part of our DNA. We would not be the company we are without our commitment to businesses and organizations that help the region thrive and to our employees. Come see what we're all about. 

Day 1

The intern will meet with a representative from Human Resources for orientation to Salem Five. The intern will then meet with Veronica Elias, VP Audit Manager and Christopher Horne, AVP Sr Auditor II who will provide an overview of the department and provide the intern with their Week 1 schedule.  The intern will report to Christopher Horne throughout the internship program.  A lunch will be scheduled and introductions to other team members will be made over the course of the first week to learn about each member's role and responsibilities within the department.

The intern will develop an understanding of key internal audit concepts and methodologies through guidance provided by Internal Audit Department members, access to departmental procedures, and through direct application of job responsibilities.  The intern will also learn about key areas of the Bank's operations and related regulations through formal eLearning course assignments.

The intern will be involved with several initiatives over the course of the program.  The focus will include a broad and dynamic range of activities directly related to the audit discipline.  Examples may include the following:

Independently and objectively evaluate risk as it relates to Salem Five's governance, operations, and information systems regarding the:

• Reliability and integrity of financial, managerial, and operational information,
• Effectiveness and efficiency of operations,
• Safeguarding of assets, and
• Compliance with laws, banking regulations, policies, and procedures.

Under the guidance of an experienced audit professional, and as defined through the Institution of Internal Auditor's International Professional Practices Framework, the intern may:

• Review the effectiveness of operating procedures and internal controls through a combination of analysis and testing,
• Prepare audit work papers that support Internal Audit's conclusions, and
• Identify findings or opportunities for enhancements through root cause analysis and discussions with Internal Audit and Bank management.

Although the intern's focus will be to participate in and perform tasks related to internal audits, there will be specific projects of varying complexity to complete during the program.  These projects will be essential to the Internal Audit Department's strategic objectives.

 

Skills and Mindset Desired for the Position

To be considered and to be successful, we will be seeking the following:

• Naturally inquisitive and eager to apply newly gained knowledge,
• Strong data and process analytical skills,
• Critical thinker with strong attention to detail,
• Professional demeanor with a can-do attitude, ability to multi-task, and willingness to work on a variety of initiatives simultaneously, and
• Works well independently, collaborates with peers, and communicates when help is needed.

 

Ready to apply? If this job sounds like a fit for you, then click on Apply/Apply Now in this posting. We look forward to talking with you.

Qualified candidates may also submit a resume and application online at salemfive.com/careers or mail your resume to Human Resources, 210 Essex Street, Salem, MA 01970.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c) Summer Interns