Intern - Risk Management - Fraud

The full job description covers all associated skills, previous experience, and any qualifications that applicants are expected to have.
Position Title: Intern - Risk Management - Fraud

Locations:

Time Type: Full time

Req : JR1241
- At Midland, we’re proud to be a little different. You can see it in our bright orange signs-but there’s more to it than that. With our heartfelt and personalized approach, we’re focused on meeting every customer’s needs with the brightest solutions.

For more than 140 years, we’ve learned by serving customers skillfully with dedication and follow-through, we can brighten every interaction to drive our collective success. And this goes beyond traditional banking.

We foster programs that empower our communities, continuously invest in our employees, and actively pursue brighter futures for all.

Our humble ambition keeps us growing, giving back, and looking ahead. We’re innovating and optimizing our services to ensure we stay unique - providing strength you can count on with heart you can feel.

You might say we’re unlike any other bank.

And you’d be right."

At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off.

Total Rewards also include banking perks, an Employee Stock Purchase Plan, 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.

Intern – Risk Management – Fraud

Effingham, IL

Rate of Pay: $15 an hour

At Midland States Bank, we believe that when we can bring our whole selves to work each day, we become happier, more comfortable, more confident, and more excited to do great things for our customers, each other and our company. We’re proud to be an Equal Opportunity and Affirmative Action employer. At Midland, we recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

If you are looking for a place to grow, we encourage you to apply at Midland States Bank, because you belong here.

Position Summary

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.

Primary Accountabilities

• 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).

Position Qualifications

Education/

Experience:

• 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,…