Summer Intern - Internal Audit
Role Overview
The internship is designed for undergraduate and graduate students to gain practical experience in financial services.
Interns contribute to meaningful projects and may work up to 40 hours per week; overtime is not permitted.
Key Skills for This Role
Full Job Posting
Location and Work Model
- The internship is based in Chicago.
- The role is a 12-week seasonal internship running during summer 2027.
- OCC uses a hybrid work program requiring employees to work from an OCC office at least three days per week, including Tuesdays and Wednesdays.
About OCC
The Options Clearing Corporation is an equity derivatives clearing organization providing clearing and settlement services for options, futures, and securities lending transactions.
OCC operates as a Systemically Important Financial Market Utility under the jurisdiction of the SEC, CFTC, and Federal Reserve.
Intern Program
The internship is designed for undergraduate and graduate students to gain practical experience in financial services.
Interns contribute to meaningful projects and may work up to 40 hours per week; overtime is not permitted.
Team and Role
Internal Audit evaluates and contributes to OCC's governance, risk management, and control processes using a systematic, disciplined, and risk-based approach.
Interns support audit engagements and validation work covering business functions throughout OCC.
Responsibilities
- Support audit planning, fieldwork, control testing, and reporting for assigned engagements.
- Review and document business support, participate in internal and client meetings, and coordinate with supervisors.
- Focus areas include financial risk management, quantitative risk management, stress testing, and model risk management.
- Document process walkthroughs, control design and operating effectiveness procedures, and findings or enhancements.
Candidate Qualifications
- Be a rising senior or second-year graduate student graduating in December 2027 or May/August 2028.
- Preferred fields include finance, economics, data analytics, or a related discipline.
- General Microsoft Office proficiency is required; no other technical experience is required.
- Strong written and verbal communication, prioritization, completion focus, and solution-oriented initiative are expected.
Compensation
- The posting lists a salary range of $25.00 to $25.00 but does not state a compensation cadence.
- The position may be eligible for discretionary incentive compensation that is not guaranteed.
Apply for this job in 1 click
Skip the repetitive application forms
Install the Base Career Chrome Extension and autofill job applications across major job boards with your profile.
Trusted by over 500,000 job seekers on Base Career
More from this employer
More jobs at Options Clearing Corporation
Year-Round Intern - Business Systems Analysis
Dallas, USA
OCC is seeking a year-round Business Systems Analysis Intern to catalog products across its Enablement technology areas and document requirements-analysis priorities. The intern will research systems, maintain documentat
Summer Intern - Internal Audit Business and Risk
Chicago, USA
OCC is seeking a summer internal audit intern to support audit and validation engagements across business functions, financial risk management, and operations. The role includes audit planning, fieldwork, control testing
Year-Round Intern - Desktop Engineering
Chicago, USA
OCC is seeking a year-round Desktop Engineering intern to provide technical support for hardware, software, connectivity, accounts, applications, and virtual desktop infrastructure. The intern will log and prioritize Ser
Summer Intern - GRC Systems
Chicago, USA
OCC is seeking a Summer 2027 GRC Systems Intern to support development and assessment of compliance and risk platforms. The role requires current university enrollment and experience with low-code platforms, databases, w
Summer Intern - Quantitative Risk Management
Chicago, USA
The Options Clearing Corporation is seeking a Summer Quantitative Risk Management Intern to support risk model development, validation, monitoring, and research. The role is designed for an enrolled undergraduate or grad
Summer Intern - Internal Audit
Chicago, USA
OCC is seeking a Summer Internal Audit Intern to support audit and validation engagements across planning, fieldwork, and reporting. Candidates must be actively enrolled students with strong communication, prioritization
Summer Intern - Quantitative Risk Management
Chicago, USA
OCC is seeking a Quantitative Risk Management Intern to support model performance testing, backtesting, monitoring automation, documentation, and analytics for financial risk models. The role requires Python, Git, SQL, o
Year-Round Intern - Enterprise Quality Governance & Transformation
Chicago, USA
OCC is seeking a year-round intern to support enterprise quality governance and transformation for Ovation and Enterprise Technology Solutions applications. The intern will create and execute test cases, automate regress
Year-Round Intern - Business Systems Analysis
Dallas, USA
Summer Intern - Internal Audit Business and Risk
Chicago, USA
Year-Round Intern - Desktop Engineering
Chicago, USA
Summer Intern - GRC Systems
Chicago, USA
Summer Intern - Quantitative Risk Management
Chicago, USA
Summer Intern - Internal Audit
Chicago, USA
Summer Intern - Quantitative Risk Management
Chicago, USA
Year-Round Intern - Enterprise Quality Governance & Transformation
Chicago, USA