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Internal Audit Intern

Intern role name: Internal Audit Intern 
Area of Talent: Internal Audit/Audit/Accounting/Business Administration 
Term: Spring 2025 
Office Location: NYC/Financial District 
Hourly Rate: Undergraduate $17.00 
  
About HDC 
The New York City Housing Development Corporation (HDC) is a public benefit corporation and the nation’s largest municipal Housing Finance Agency. HDC seeks to increase the supply of multi-family housing, stimulate economic growth, and revitalize neighborhoods by financing the creation and preservation of affordable housing for low-, moderate-, and middle-income New Yorkers. HDC’s programs support the construction and preservation of multi-family affordable housing in New York City. 
  
Position Summary:
The mission of the Internal Audit Department (“IAD”) is to provide independent, objective assurance, and consulting services designed to add value and improve the Corporation’s operations.  The IAD helps the Corporation accomplish its objectives by using a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.  The purpose of the IAD is to determine whether the Corporation’s systems of internal control, risk management, and governance processes, as designed and represented by management, are adequate and functioning in a manner to ensure:
  • Risks are appropriately identified and managed.
  • Employees’ actions comply with policies, standards, procedures, applicable laws, and regulations.
  • Resources are acquired economically, used efficiently, and are adequately protected.
  • Quality and continuous improvement are fostered in the Corporation’s control processes.
The Internal Audit Intern will report to the Deputy Director-Internal Audit and will learn, experience, and assist in a variety of hands-on internal audit processes.
 
Responsibilities: 
  • Develop internal audit skills by assisting the Internal Audit team with internal audit projects
  • Assist in the planning, fieldwork, reporting/wrap-up, and execution of all types of internal audit activities
  • Gain exposure to coordinating with auditees and senior leaders
  
Required Qualifications:  
  • Undergraduate junior or senior pursuing a Bachelor’s degree in a related field (i.e., Accounting, Business Administration, Finance, etc.)
  • Strong organizational, analytical, and problem solving skills
  • Strong verbal and written communication skills
  • Proficiency with Microsoft Office, specifically Outlook, Word, and Excel
  
It is strongly preferred that you submit a cover letter with your resume. You may also fax your resume and cover letter to (212)227-6816. 
  
HDC is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy. 
  
HDC is committed to the full inclusion of all qualified individuals. As part of this commitment, HDC will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please complete the reasonable accommodations section on the application or contact Human Resources by emailing jobs@NYCHDC.com.  

Average salary estimate

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What You Should Know About Internal Audit Intern, New York City Housing Development Corporation

Are you ready to kick off your career in the exciting field of internal auditing? Join the New York City Housing Development Corporation (HDC) as an Internal Audit Intern in the buzzing Financial District! This is a fantastic opportunity for undergraduate juniors or seniors pursuing a degree in Accounting, Business Administration, Finance, or related fields. At HDC, we believe in making a difference – our mission is to increase affordable housing and stimulate economic growth for New Yorkers. As an intern, you'll dive into hands-on internal audit projects alongside our dedicated team, honing your skills in planning, fieldwork, reporting, and execution. You’ll gain valuable insights into how we ensure our risk management and governance processes are top-notch and compliant with policies and regulations. With a steady hourly rate of $17.00, you’ll not only enrich your resume but also contribute to meaningful work that impacts communities. Strong organizational and analytical skills, coupled with proficiency in Microsoft Office, will set you up for success in this role. Plus, we value clear communication skills – being able to convey ideas effectively is crucial when consulting with management. If you’re passionate about finance and want to help enhance internal controls and efficiencies, this role is your stepping stone. Don’t miss your chance to join a diverse and inclusive team at HDC, where your contributions truly matter! Apply today and take your first steps into the world of internal audit!

Frequently Asked Questions (FAQs) for Internal Audit Intern Role at New York City Housing Development Corporation
What does the Internal Audit Intern position at the New York City Housing Development Corporation involve?

As an Internal Audit Intern at the New York City Housing Development Corporation (HDC), you'll assist the Internal Audit team with a variety of internal audit projects. Your role will involve planning, conducting fieldwork, reporting, and executing different types of internal audits. This position is designed to help you develop your auditing skills while gaining exposure to the Corporation's systems of risk management and governance.

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What qualifications are required for the Internal Audit Intern role at HDC?

To qualify for the Internal Audit Intern position at the New York City Housing Development Corporation, candidates should be undergraduate juniors or seniors pursuing a degree in related fields such as Accounting, Business Administration, or Finance. Additionally, strong organizational, analytical, problem-solving, and communication skills are essential, along with proficiency in Microsoft Office applications.

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How does the Internal Audit Intern position support HDC's mission?

The Internal Audit Intern role directly supports the mission of the New York City Housing Development Corporation (HDC) by ensuring the effectiveness of risk management and control processes. By evaluating internal controls, the intern helps enhance the Corporation's operations, which ultimately contributes to the construction and preservation of affordable housing for New Yorkers.

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What kind of experience will I gain as an Internal Audit Intern at HDC?

As an Internal Audit Intern at the New York City Housing Development Corporation, you will gain hands-on experience in various internal audit activities. This includes involvement in planning, coordinating with auditees, conducting fieldwork, and assisting in reporting. You'll learn valuable auditing skills that will serve you well in your future career.

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Is the Internal Audit Intern position at HDC paid?

Yes, the Internal Audit Intern position at the New York City Housing Development Corporation offers an hourly rate of $17.00. This compensation allows you to not only gain experience but also support yourself financially during your internship.

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Does HDC offer any accommodations for interns with disabilities?

Yes, the New York City Housing Development Corporation is committed to providing reasonable accommodations for all qualified individuals, including those with disabilities. If you need assistance during the application process or require accommodations to perform essential job functions, you can contact Human Resources directly by emailing jobs@NYCHDC.com.

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What skills are important for success as an Internal Audit Intern at HDC?

To thrive in the Internal Audit Intern role at the New York City Housing Development Corporation, important skills include strong organizational abilities, analytical thinking, effective problem-solving techniques, and clear verbal and written communication skills. Proficiency in Microsoft Office will also be beneficial for performing daily tasks.

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Common Interview Questions for Internal Audit Intern
What attracted you to the Internal Audit Intern position at HDC?

When answering this question, highlight your passion for internal auditing and how HDC's mission to provide affordable housing resonates with your career goals. Mention specific aspects of the position, such as the opportunity to develop auditing skills and contribute to a meaningful cause.

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Can you describe your understanding of risk management in an auditing context?

In your response, explain that risk management involves identifying, assessing, and mitigating risks that could impact an organization's objectives. Discuss how internal audits play a crucial role in evaluating the effectiveness of risk management processes and ensuring compliance with established policies.

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How do you prioritize tasks when working on multiple audit projects?

Share your systematic approach to prioritization, such as using a checklist or scheduling tool. Discuss the importance of deadlines and communication in managing priorities, as well as your ability to adapt to changing circumstances without losing sight of key deliverables.

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What makes you a good fit for the Internal Audit Intern role at HDC?

In your answer, emphasize your relevant academic background, strong analytical and problem-solving skills, and effective communication abilities. Additionally, mention your interest in the audit field and your desire to contribute to HDC’s mission of enhancing affordable housing efforts.

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Describe a time when you identified a problem and how you resolved it.

Use the STAR method (Situation, Task, Action, Result) to describe your experience. Focus on a specific example related to problem identification and resolution that demonstrates your analytical skills and initiative to address issues effectively.

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What auditing tools or software are you familiar with?

Discuss any relevant tools or software you have experience with, such as Microsoft Excel or auditing software. If you have not used specific auditing tools yet, express your willingness to learn and your capability to quickly adapt to new technologies.

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How do you ensure accuracy in your work?

Address the importance of attention to detail as a key aspect of ensuring accuracy in auditing. Mention methods you use, such as double-checking calculations, maintaining organized documentation, and following structured guidelines during your audit processes.

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Can you discuss a team project experience and your role in it?

Describe a specific team project where you played a significant role. Focus on how you collaborated with team members, communicated effectively, and contributed towards achieving the project’s objectives while showcasing your teamwork skills.

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What do you know about HDC's mission and its role in New York City?

Familiarize yourself with HDC’s initiatives regarding affordable housing, economic growth, and neighborhood revitalization. Show that you understand how the Internal Audit Department supports these goals and express your enthusiasm for being part of such an impactful organization.

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What are your career goals, and how does this internship align with them?

Articulate your career aspirations and explain how the Internal Audit Intern position at HDC relates to your goals in the auditing and finance fields. Emphasize your excitement to learn and gain experience within an organization dedicated to a purpose you believe in.

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DATE POSTED
November 26, 2024

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