Summer 2027 Undergraduate Internship - Audit, Risk, & Compliance
Fidelity Investments · Boston, United States +4 · 6d ago
Job Description:
Note: Fidelity is not providing immigration sponsorship for this position
The Fidelity Intern Program (FIDTERN Program)
This internship is part of Fidelity’s full-time, paid, 10-week FIDTERN Program, an immersive experience designed to reflect the expectations, culture, and impact of working at Fidelity as a full-time associate. The program complements your role through structured development, meaningful connections, and a strong sense of community—preparing you for a future career at Fidelity.
In this role, you will contribute to meaningful, real-world work while gaining exposure to how a leading financial services organization identifies, manages, and mitigates risk across the enterprise. You will gain hands-on experience across risk management, compliance, audit / IT audit, and technology risk functions, with alignment to a primary focus area based on your skills, interests, and business needs.
The FIDTERN Experience
Professional & Financial Development – Participate in webinars led by senior leaders and subject matter experts focused on professional communication, workplace well-being, and financial literacy.
Mentorship – Opt in to a mentorship program and connect with experienced Fidelity associates who support your growth and career exploration.
Regional & Community Events – Build relationships with fellow interns and leaders through onsite experiences and local social events.
The Role
Fidelity’s Audit, Risk, and Compliance groups protect the interests of our customers, associates, and trusted brand. These teams serve as the ethical standard of the organization by identifying risks, strengthening controls, and helping the firm navigate regulatory, operational, financial, and technology challenges.
Internship opportunities span areas such as Business Audit, Technology Audit, Enterprise Risk & Compliance, Technology Risk, and Data Analytics. This role is well suited for students interested in proactively identifying issues before they materialize and contributing to the protection of a large, complex financial services organization.
Depending on your focus area, work may include activities such as regulatory and operational risk management, technology controls, data analysis, fraud detection, and financial crime investigations.
What You will Do (Core Responsibilities)
- Assist with identifying, assessing, and evaluating risks and controls across business and technology processes.
- Support control testing, data analysis, and documentation of results and findings.
- Apply analytical and critical thinking skills to identify issues, root causes, and potential solutions.
- Collaborate with business, technology, and assurance partners to understand processes, systems, and regulatory expectations.
- Contribute to clear documentation and reporting that outlines risks, impacts, and recommended actions.
- Leverage tools, data, technology, and automation to improve the effectiveness of risk, compliance, and audit work.
Role-Specific Focus Areas
While all interns share a common foundation, responsibilities may emphasize one of the following areas:
Risk Intern
- Support enterprise and operational risk assessments.
- Help identify emerging risks and regulatory changes.
- Assist with risk reporting and monitoring activities.
Compliance Intern
- Support compliance programs, including monitoring, training, policies, and procedures.
- Assist with regulatory change management and compliance risk assessments.
- Partner with teams such as Financial Crimes, Employee Compliance, or Digital Compliance
Audit Intern
- Participate in business and operational audits.
- Perform audit testing, interviews, and documentation.
- Assist in drafting observations and recommendations to strengthen controls.
IT Audit Intern
- Support technology and integrated audits with a focus on IT Controls across applications, infrastructure, and cloud platforms.
- Assist in testing application controls, system configurations, infrastructure testing, cloud environments (AWS/Azure), and cybersecurity controls aligned to industry frameworks.
- Evaluate access management, change management, system development, and security monitoring processes for technology risk.
- Apply analytics, automation, and scripting tools (e.g., python) to identify control gaps.
- Assist in cybersecurity, cloud, and emerging technology risk assessments.
The Expertise and Skills You Bring
- Strong critical thinking and analytical skills
- A data-savvy, problem-solving mindset with intellectual curiosity
- Information systems and programming language knowledge
- Ability to collaborate effectively and communicate clearly
- Comfort working in ambiguous or evolving environments.
- Interest in risk management and protecting a large organization.
- Desire to help protect Fidelity’s customers, associates, and brand
- Current undergraduate student returning to coursework after the internship.
- Availability for the full 10-week program (June 7 – August 13, 2027)
The base salary range for this position is $20 - $32 per hour.
Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.
Note, the application window closes when the position is filled or unposted.
Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.