Internal Audit Intern

Job Description

2027 Summer Internship – Internal Audit | Newrez

The Tone:
This is a 10-week summer internship, part of our FAST TRACK, Future Achievers Shaping Tomorrow Through Real-world Applied Career Knowledge program at Newrez. At Newrez, we are a team built on heart and hustle, bringing big thinkers and caring doers together to make home happen. Our commitment is to show up for our customers, communities, and each other, believing that when our people thrive, homeowners thrive. We invest in your growth, wellbeing, and ability to make an impact, working daily to exceed expectations of residential mortgage borrowers and business partners through superior service, simple processes, and clear communication by empowering employees, encouraging innovative solutions, and recognizing great performance.

The TL;DR
• Role: Internship
• Type: Seasonal (10 weeks)

• Team: Part of the Internal Audit team, which is responsible for providing independent, objective assurance and advisory service to the organization. This team’s core function is to identify risks, improve internal controls, and ensure overall compliance.
• Mission: To fully immerse in the day-to-day activities of the Internal Audit team, gaining professional development, building corporate experience, and learning about the mortgage industry. This role aims to prepare students with the experience needed for a rewarding career at Newrez, while contributing directly to identifying risks, improving controls, and ensuring compliance.
• Tech Stack: Excel, Tableau

What You’ll Actually Do
• Audit Participation: Gain comprehensive exposure to various audit methodologies and processes specifically applied to Servicing, Originations, Compliance, IT, and SOX audits within the mortgage industry, while actively assisting in the initial stages of audit planning.
• Strategic Research: Conduct thorough research to identify and propose industry best practices, innovative approaches, and notable programs implemented by peer organizations to enhance audit functions and business processes.
• Analysis & Recommendation: Undertake detailed business analyses and subsequently provide well-reasoned recommendations to leadership for implementing impactful business and process changes based on findings.
• Guided Learning & Development: Receive structured training and perform a variety of assigned duties under the direct guidance and supervision of experienced Internal Audit personnel. This includes becoming familiar with line and staff functions, management viewpoints, company policies, and best practices.
• Organizational Engagement: Actively participate in company-sponsored training classes, activities, and events designed to foster professional growth, integration into the Newrez culture, and build strong relationships with colleagues and other employees across the organization.

The Must-Haves
• Background: Currently pursuing a four-year college degree, with a scheduled graduation date falling between Fall 2027 and Spring 2028. This role is ideal for rising seniors.
• Experience: Demonstrates an entrepreneurial and process improvement mindset, possessing the ability to see the big picture in any situation and handle various scenarios with composure and empathy. Assertive, well-spoken, compassionate, dependable, service-minded, and results-oriented.
• Skills: Highly developed organizational and project/time-management skills, excellent written and verbal communication, proficiency in quantitative analysis, and strong skills in Excel and/or Tableau (including charts, graphs, pivot tables, and formulas).
• Bonus: A degree concentration in Accounting, Finance, Business Administration, Information Technology, or Data Analytics is preferred.