Graduate/Undergraduate Intern - Internal Audit - Rockville, MD

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2019 Summer Internship Program

FINRA is dedicated to providing you with an internship opportunity to gain knowledge and experience in the securities industry with an employer that places a high value on the professional and personal growth of our employees. We set the bar high - we are looking for interns that are strong academically, can bring results, and are committed to exceeding expectations. We need you to represent the highest standards of personal integrity and organizational values. If you would like to contribute to our important mission and work collegially in a professional organization that values intelligence, integrity and initiative, then consider an Internship with FINRA.

We are seeking a well-qualified individual for a Graduate/Undergraduate Intern in our Internal Audit (IA) Department in Rockville, MD. The Summer Internship Program runs from May 20, 2019 through August 9, 2019. Flexible start and end dates will be allowed based on school schedule. To be considered for this position, please submit your resume through our career site at www.finra.org/careers. No phone calls please.

Job Summary:

Work with IA Technology Director and audit staff to enhance IA's Data Analytics Program capabilities. Design and develop more advanced risk analytics, predictive models, etc., utilizing data collected by IA from a wide range of FINRA systems. Facilitate development and use of data analytics to effectively evaluate FINRA functions, in alignment with audit objectives.

Maintain and enhance Internal Audit management and workpaper systems (e.g., FINRA Audit Management Information System [AMIS], audit workpaper databases [AutoWPS]). Perform joint system analysis with auditors to develop specifications for audit software to accomplish audit objectives; develop, document and test audit software based on agreed upon specifications; integrate developed software into the overall Computer Assisted Audit Tools & Techniques (CAATTS) structure.

Essential Job Functions:

  • Work with IA Manageemnt, Technology Director, and audit teams to understand business data requirements and translate them into analytics useable to IA:
    • Develop software tools to collect and analyze large volumes of structured and/or unstructured data.
    • Design and develop more advanced risk analytics, predictive models, etc., utilizing data collected by IA from a wide range of FINRA systems.
    • Maintain and enhance IA's Continuous Audit Process (CAP) programs that facilitate identification of exception situations based on pre-established parameters, allow for communication of potential exceptions to business and technology unit management, and confirm exception resolution by IA staff. Examples include testing of Travel & Entertainment expenses, Market Regulation patterns, Technology back-up and recovery procedures, and Member Regulation examination status.
  • Work with the Audit Technology Director, to perform IA system support, including:
    • Maintain and enhance IA's audit management system (AMIS) to help ensure acceptable availability standards
    • Maintain and enhance IA's automated workpapers (AutoWPS) functionality
    • Develop computer assisted audit tools and techniques (CAATTs) that query multiple complex systems throughout FINRA (e.g., PeopleSoft, CRD, STAR) in support of IA staff in conducting internal audits. This will include use of advanced software tools to perform complex CAATTs to re-create, as appropriate, desired production system results.


Qualifications:

Education/Experience Requirements:
  • Working towards a Bachelor's degree or Masters Degree in Computer Science, Information Systems, Data Science or related field (or equivalent work experience). Only candidates entering their third or fourth year of undergraduate studies or pursuing graduate studies will be considered.
  • Possess strong PC skills including Word and Excel.
  • Demonstrate excellent teamwork and communication skills.
  • Strong work ethic, positive attitude and professional demeanor.
  • Effective communication, time management, and organizational skills.
  • Work experience in technology, a brokerage or investment environment is a plus.
  • Ability to work with others to meet deadlines.
  • Ability to perform multiple tasks efficiently and accurately.
Working Conditions:
  • This position will be in a standard business office environment
  • Use of desktop PC is required.
  • Exciting, hands-on, challenging position and success-oriented work environment.
The information provided above has been designed to indicate the general nature and level of work of the position. It is not a comprehensive inventory of all duties, responsibilities and qualifications required.

To be considered for our Summer Internship Program, please submit the following to the Internship opportunity that is the best match to your ambitions:
  • A cover letter (i.e. outlining your area of interest, what you hope to achieve through this program, what you can contribute to the organization and your current GPA) and
  • Your current resume.
  • Note - A transcript is not required with your initial resume submission, but those students selected for an interview may be required to submit a transcript at that time.
Please note: If the 'Apply Now' button on a job board posting does not take you directly to the FINRA Careers site, enter www.finra.org/careers into your browser to reach our site directly.

FINRA strives to make our career site accessible to all users. If you need a disability-related accommodation for completing the application process, please contact FINRA's accommodation help line at 240.386.4865. Please note that this number is exclusively for inquiries regarding application accommodations.

In addition to a competitive salary, comprehensive health and welfare benefits, and incentive compensation, FINRA offers immediate participation and vesting in a 401(k) plan with company match. You will also be eligible for participation in an additional FINRA-funded retirement contribution, our tuition reimbursement program and many other benefits. If you would like to contribute to our important mission and work collegially in a professional organization that values intelligence, integrity and initiative, consider a career with FINRA.

Important Information

FINRA's Code of Conduct imposes restrictions on employees' investments and requires financial disclosures that are uniquely related to our role as a securities regulator. FINRA employees are required to disclose to FINRA all brokerage accounts that they maintain, and those in which they control trading or have a financial interest (including any trust account of which they are a trustee or beneficiary and all accounts of a spouse, domestic partner or minor child who lives with the employee) and to authorize their broker-dealers to provide FINRA with duplicate statements for all of those accounts. All of those accounts are subject to the Code's investment and securities account restrictions , and new employees must comply with those investment restrictions-including disposing of any security issued by a company on FINRA's Prohibited Company List or obtaining a written waiver from their Executive Vice President-by the date they begin employment with FINRA. Employees may only maintain securities accounts that must be disclosed to FINRA at one or more securities firms that provide an electronic feed (e-feed) of data to FINRA, and must move securities accounts from other securities firms to a firm that provides an e-feed within three months of beginning employment.

As standard practice, employees must also execute FINRA's Employee Confidentiality and Invention Assignment Agreement without qualification or modification and comply with the company's policy on nepotism.

About FINRA

FINRA is an independent, non-governmental regulator for all securities firms doing business with the public in the United States. FINRA works to protect investors and maintain market integrity in a public-private partnership with the Securities and Exchange Commission (SEC), while also benefiting from the SEC's oversight. In its role as investor guardian, FINRA is informed, but not influenced, by the industry that it regulates. FINRA's independent regulation plays a critical role in America's financial system-all at no cost to taxpayers.

FINRA touches virtually every aspect of the securities business-from registering and educating industry participants to examining securities firms; writing rules; enforcing those rules and the federal securities laws; informing and educating the investing public; providing trade reporting and other industry utilities; and administering the largest dispute resolution forum for investors and registered firms. FINRA uses technology powerful enough to look across markets and detect potential abuses. Using a variety of data gathering techniques, we work to detect insider trading and any strategies firms or individuals use to gain an unfair advantage.

In today's fast-paced and complex global economy, FINRA is a trusted advocate for investors, dedicated to keeping the markets fair and proactively addressing emerging regulatory issues before they harm investors or the markets. FINRA operates from Washington, DC, and New York, NY, with other offices around the country.

Find out more about us and how we work-and view our current openings-at www.finra.org/careers .

Search Firm Representatives

Please be advised that FINRA is not seeking assistance or accepting unsolicited resumes from search firms for this employment opportunity. Regardless of past practice, a valid written agreement and task order must be in place before any resumes are submitted to FINRA. All resumes submitted by search firms to any employee at FINRA without a valid written agreement and task order in place will be deemed the sole property of FINRA and no fee will be paid in the event that person is hired by FINRA.

FINRA is an Equal Opportunity and Affirmative Action Employer

All qualified applicants will receive consideration for employment without regard to age, citizenship status, color, disability, marital status, national origin, race, religion, sex, sexual orientation, gender identity, veteran status or any other classification protected by federal state or local laws as appropriate, or upon the protected status of the person's relatives, friends or associates.

FINRA abides by the requirements of 41 CFR 60-741.5(a) . This regulation prohibits discrimination against qualified individuals on the basis of disability, and requires affirmative action by covered prime contractors and subcontractors to employ and advance in employment qualified individuals with disabilities.

FINRA abides by the requirements of 41 CFR 60-300.5(a) . This regulation prohibits discrimination against qualified protected veterans, and requires affirmative action by covered prime contractors and subcontractors to employ and advance in employment qualified protected veterans.

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