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SMBC 2023 Summer Intern Program – Audit in New York, New York


What is the Opportunity?

SMBC hosts a 10-week Summer Intern Program for undergraduate students who will have the opportunity to work within Internal Audit Department and have the opportunity to obtain a broad view of the Bank, its governance and control processes.

We offer many different opportunities including participating in audit engagements through observing meetings with auditees, supporting audit execution activities (i.e., testing), assisting in the formulation of audit issues and recommendations, analyzing data to support executive stakeholder reporting and be exposed to other audit operation routines. All of these activities are geared towards fulfilling internal audit’s function in providing risk-based and objective assurance, advice, and insight to its stakeholders.

Our Summer Intern Program is an excellent gateway to the Bank’s other programs. Refer to the relevant information below

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We are currently hiring into the following areas:

Internal Audit Department – Americas Division

SMBC’s Internal Audit team is comprised of professional internal auditors who provide high quality, independent, and objective assurance and consulting services to various stakeholders. IAD’s leadership designed and implemented an organization structure that enables the audit professionals to fulfill its roles and responsibilities, aligned with regulatory and professional standards such as the Federal Reserve Bank’s Supervision and Regulation 13-1 (FRB SR13-1) and the IAA.

The internship program will provide an opportunity to be part of the following audit execution teams:

  • Audit Execution – Financial Crimes and Compliance: Audit Team providing coverage over BSA/AML, OFAC, Sanctions, Transacting Monitoring, Enterprise Conduct and Compliance.

  • Audit Execution – Risk and Structured Debt: Provides coverage over financial risks (e.g., Credit, Market, Liquidity), non-financial risks (e.g.., operational risk, models), Enterprise Governance, Lending and Leasing

  • Audit Execution – Markets, Back Office, Ancillary and Branches : This audit team provides coverage over Capital Markets and Nikko Americas’ Sales and Trading activities, Branches, Representative Offices and Subsidiaries (including LA based Manufacturers Bank and SMBC Brazil), Operations, Financial and Regulatory Reporting across AD.

  • Audit Execution – Information Technology : Provides coverage over IT audits and have distinct disciplines for: Cybersecurity, Infrastructure, IT Applications (including integrated audit), IT Enterprise including Operational Resilience and Business Continuity Plan).

In addition, an opportunity to be part of the IAD Operations Team , including getting an understanding of how an internal audit department is being run. Disciplines under the Operations Team are:

  • Professional Practice Management (including Quality Assurance): responsible to managing the IAD methodology and maintaining the Quality Assurance and Improvement Program to maintain IAD’s independence and objectivity, as per the respective regulatory requirement and IIA standards.

  • Stakeholder Reporting and Local Planning: responsible for strategy and operational planning, issue validation, continuous monitoring, and stakeholder reporting.

  • Audit Technology: responsible for the maintenance of the audit system, build and management of IAD automated tool sets and data analytics.


At SMBC, we connect the diversity of our employees to the resilience of our firm. We strongly encourage an inclusive environment so that our staff can be their authentic selves and fully thrive in their roles. It is our belief that diversity is not only about demographic differences but also of thought, knowledge, skills, and culture. The acceptance of such diversity strengthens each one of us and is essential to the success of our firm. We are deeply committed to attracting and retaining a high-performing, talented, and diverse workforce.

We are a market leader. The evolution of SMBC’s products and services is driven by the ever-changing needs of companies across the globe in every industry sector. SMBC takes market-leading positions and has been consistently recognized in the banking industry for providing outstanding financial services.

Our corporate relationships are built on trust. To successfully navigate an uncertain economy while also capitalizing on the opportunities that rise, clients count on SMBC to take a long-term view that emphasizes stability and attention to the numbers. This approach has served our clients well.

Our competitive advantage:

  • A strong client base with broad coverage of the Fortune 500

  • Worldwide operations enable us to provide clients with global solutions, make SMBC the leading choice for U.S. businesses expanding in Asia

  • A solid balance sheet and conservative approach


How Our Program Works

Our Summer Intern Program is designed for students who completed their junior year.

This 10-week program commences in June and includes:

  • Orientation

  • Training with on-the-ground / on-the-desk experience

  • Senior Speaker Series

  • Japanese cultural activities

  • Social networking activities

  • Volunteer Day with a local nonprofit

  • Mentorship opportunity with both a junior and senior mentor at SMBC


The successful candidate will possess or demonstrate the following personal and professional attributes:

  • Currently pursuing an undergraduate degree from an accredited university with a graduation date of December 2023 or May 2024 ; excellent academic record

  • Exceptional written and verbal communication skills with specific ability to communicate concepts and ideas concisely

  • Financial modeling/valuation and analytical skills; keen interest in finance and markets

  • Ability to comfortably interact with clients in a professional and mature manner

  • Outstanding ethics, integrity, and judgment

  • Intellectual curiosity

  • Comfort in and commitment to a strong teamwork environment

  • Highly organized, detail oriented, self-driven, and motivated

  • Advanced Word, Excel, and PowerPoint skills and the ability to quickly learn new software applications

The hourly rate of pay for a position in this program is $43.96 per hour. Individuals in this program will typically work a 35 hour work week.

Job Locations US-NY-New York

Posting Date 2 months ago (9/29/2022 1:21 PM)

Career Category Summer Intern Program

iCIMS ID 2022-13811

Corporate Title N/A

Type Limited Duration Full Time (Non-Exempt)

SMBC is an EO employer – M/F/Veteran/Disability