Summer Associate - Governance, Info Security, Risk & Compliance
Five Star Bank · Buffalo, NY, US
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About the Role
Five Star Bank’s Summer Associate Program develops future financial services professionals to advance our vision of being an independent, high-performing community bank. Our Governance, Risk & Compliance Program offers hands-on experience in Compliance, Risk, BSA/AML, Information Security, Internal Audit, and Fraud. This internship provides valuable exposure to risk management frameworks, compliance monitoring, and governance processes within a community bank.
Responsibilities
- Support the organization's compliance program by assisting with regulatory testing, monitoring, and oversight activities.
- Evaluate compliance controls, document findings, and support risk assessments.
- Support the identification, assessment, and monitoring of financial, operational, and regulatory risks.
- Assist with data analysis, third-party risk reviews, and reporting to strengthen internal controls.
- Assist in monitoring financial transactions for suspicious activity.
- Support the preparation of reports such as Suspicious Activity Report (SAR).
- Assist in detecting and investigating suspicious transactions.
- Support the implementation of fraud prevention strategies.
- Partner with the Internal Audit team to evaluate risk management, internal controls, and operational processes.
- Gain exposure to audit testing, regulatory requirements, and banking operations.
Requirements
- Currently pursuing a degree in Business, Finance, Accounting, Law, Cybersecurity or a related field.
- Junior-level standing or higher preferred.
- Available to work a hybrid work model, 40 hours per week for the duration of the program starting in June.
- Occasional travel within corporate footprint (Buffalo and Rochester) will also be required.
- At least 1 year in one or more club(s), volunteerism efforts, or other activities outside of the classroom.
- Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal customers, associates, and stakeholders.
- Incorporate the high-performance behaviors of teamwork, leading by example and serve in every facet of work.
Skills
- Strong analytical and problem-solving skills.
- Excellent communication and collaboration abilities.
- Interest in governance, risk management, compliance, or regulatory affairs.
- Self-starter with a collaborative mindset and attention to detail.
- Curiosity, initiative, and a desire to learn in a fast-paced environment.
Location
- Buffalo
- Rochester
Work Type
- Hybrid
- Full-time
Experience Level
- Internship
Education Level
- Bachelor's Degree
Benefits
- Competitive benefits package
- Potential eligibility for cash or equity-based incentives
About the Company
- Five Star Bank is an independent, high-performing community bank.