Internal Audit Intern

Federal Home Loan Bank of Dallas is seeking undergraduate juniors and seniors to participate in a paid Summer Internship Program within our Internal Audit department. This is a single, integrated role: the intern will support engagements spanning technology, cybersecurity, financial, and operational areas rather than being assigned to one discipline. Working closely with Internal Audit staff, you will gain practical exposure to how controls are tested across the Bank's systems and business processes.

This role performs professional auditing work of low to moderate difficulty and complexity and assists other professional auditors.

• Develop an understanding of the FHLB Dallas audit approach, methodology, and tools.
• Under the direction of department management, participate in audits of financial, compliance, operational, and information technology areas to determine whether operating units comply with Bank policies and procedures and applicable laws and regulations.
• Assist in performance of tests of internal controls, including information technology general controls and business process controls, related to internal audits and SOX testing.
• Prepare audit work papers documenting audit procedures performed and results of testing, in accordance with departmental guidelines.
• Apply data analytics techniques to evaluate complete populations of transactions, access records, and activity logs rather than samples alone.
• Assist in preparing written audit recommendations and reports presented to the auditee.
• Establish effective working relationships with client personnel and apply concepts of risk assessment.

• Technology and cybersecurity. Access management, change management, and IT operations; cloud controls within Microsoft Azure and Entra ; and security controls evaluated against frameworks such as NIST CSF, CIS Controls, and FFIEC guidance.
• Financial and operational processes. Controls over financial reporting, treasury and capital markets operations, credit and collateral administration, member services, and third‑party risk management.
• Data analytics. Building and documenting repeatable testing routines that identify exceptions and outliers across full data populations.
• Artificial intelligence governance. Model inventory, data lineage, human oversight, and change control over AI‑enabled systems in use at the Bank.

Active and enrolled student in an accredited college or university, classified as a junior or senior. Pursuing a degree in accounting, finance, management information systems, data analytics, cybersecurity, computer science, or a related field. Completed coursework must include at least one accounting, audit, or risk course and at least one quantitative, information systems, or computer science course. Overall GPA of 3.25 or better.

Proficient in MS Office, with emphasis on Excel and Word. Strong written and verbal communication skills, including the ability to explain technical matters to a non‑technical audience. Demonstrates a high degree of integrity and possesses the ability to complete challenging assignments with a high level of confidentiality.

Knowledge of SQL, Python, or Analytics/ Audit / GRC software such as ACL, Diligent, or Archer; experience with Power BI. Exposure to Microsoft Azure, cloud platforms, or cybersecurity fundamentals (AZ‑900, Security+). Intermediate financial accounting coursework, or exposure to banking, treasury, or capital markets. Coursework or certification progress toward CIA, CISA, or CPA eligibility.

Interns gain hands‑on experience working on active audit engagements under the guidance of a designated supervisor. Since this role combines technology…