Corporate Audit Data Analyst Summer Intern 2024

Who we are looking for

We are looking for Integrated Audit Data Analyst, Intern to join the Corporate Audit Team. This role is open to graduate and undergraduate students; however graduate students with Audit experience are preferred. Corporate Audit conducts internal audits of all of State Street’s business lines, including Investment Services, Global Markets, Global Advisors, and corporate functions. In this position, you will play a data specialist role as part of dynamic and cross functional teams responsible for the execution of individual audit engagements. In this role, you will work under the direction of audit project lead or an experienced auditor to support the execution of the audit through the use of data analytics. This will require both audit skills, as well as an understanding of data analytics, to allow the audit intern to interface with business partners, and to learn about and contribute to the execution of control design assessments and operational effectiveness testing, development of audit test conclusions, and drafting summary observations. The Integrated Audit Data Analyst Intern will partner with both the Data Analytics team and the business audit team to design data-driven test approaches in audit projects. You will also work with the business audit teams to analyze the results of data analytic control tests to identify potential control weaknesses. This role is based out of Boston, MA, USA.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability; regulators rely upon us to provide assurance that the bank operates in a manner that is compliant with key banking regulations to properly manage risks to the company and the global financial systems. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role, you will help us build resilience and execute day-to-day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As an Integrated Audit Data Analyst, Intern you will:

• Leverage data analytics skills to assist in the performance of audit work in line with the Division’s risk-based methodology and the Institute of Internal Auditor’s standards to identify and understand risk; determine control objectives; and evaluate whether controls sufficiently address identified risks through various data analysis techniques.
• Engage with both the Business Audit Team and the Data Analytics Team to ensure an understanding of business processes and data analytics capabilities, to drive better data analytics outcomes.
• Obtain and analyze evidentiary data as a basis for forming objective opinions on the adequacy and effectives of controls under review. This may include previously identified data analytics approaches; however the Integrated Audit Data Analyst Intern will be expected to leverage their data analytics knowledge to partner with the central Data Analytics team and the business audit team to assist in the design and execution of enhanced analytics approaches.
• Review corrective actions taken by management to improve deficient conditions.
• Escalate potential issues/obstacles to audit management along with proposed solutions.
• Develop and maintain understanding of internal State Street products and processes, relevant industry and regulatory topics, and data analytics best practices.
• Develop an understanding of State Street data constructs, systems, and processes, to better position the team for more effective data analytics-based auditing.
• Share successes and challenges with peer Integrated Data Analysts and the Data Analytics Team to increase the future success of the Data Analytics program.

What we value

These skills will help you succeed in this role:

• The ability to operate in a complex, non-routine and fast-paced environment that requires working independently and as part of a team.
• Strong technical ability in data analysis and control testing
• Ability to clearly demonstrate proficiency in evaluating business processes, identifying inherent risk and testing associated internal controls.
• A high degree of professionalism and proficient organizational, analytical, problem solving and project management skills.
• Excellent communication (written and verbal), interpersonal and presentation skills
• Proven ability to research, interpret and apply regulatory requirements.

Education & Preferred Qualifications

• 1+ years of experience in Public Accounting, Internal Auditing, or financial services experience.
• Professional experience and/or a degree in related to the use of data analytics.
• Technical data analytics skills, including the use of SQL, Python, R, Tableau, PowerBI, Alteryx, and other analytics and automation tools.
• Bachelor’s degree, or Bachelor’s degree candidate, preferable in finance, accounting or related field.
• Experience in auditing information technology general controls.

Additional requirements

While majority of the time you will work from your primary location, some domestic and international travel may be required to a variety of locations where State Street operates.

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data-driven decisions, and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers, and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients.

Work, Live, and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance, and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs, and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Salary Range:

$15,600 - $58,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

For further information, and to apply, please visit our website via the “Apply” button below.