Traineeship - Internal Audit

Risk Management, Audit and Compliance
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Deadline for application: 4 October 2022


We are looking for a trainee to join the Internal Audit division. The selected trainee will assist in planning and conducting audits and advisory assignments with the aim to improve and add value to the ESM’s operations, effectiveness of risk management, controls, and internal governance processes.


The European Stability Mechanism (ESM) is the permanent crisis resolution mechanism for euro area countries. It provides financial assistance to Members facing financing difficulties. European leaders have agreed to an expanded mandate for the ESM, which it will implement in the years ahead. The ESM will have a stronger role in the analysis of financial stability risks and design of policy measures in programmes, jointly with the European Commission; it will provide the Single Resolution Board with a financial backstop to support effective and orderly resolution of banks. In the context of the current Covid-19 crisis, the ESM has established a precautionary credit line as one important element in the joint European response to the pandemic.


The ESM is a unique place to work with around 210 individuals from around the world committed to making a difference to the future of the euro area. It recruits talented professionals of any nationality from both the private and public sector.



  • Contribute to assurance and advisory activities, covering all aspects of an audit life cycle:

    • Planning: assist in defining audit objectives, scope, risks and controls, and in the development of audit work programmes.

    • Fieldwork: perform interviews and tests as required; evaluate the adequacy and effectiveness of internal controls; document work performed and evidence.

    • Reporting: draft findings and recommendations.

  • Support internal audit in follow up activities, quality assurance, and coordination of external auditors’ requests.



  • Candidate (or recent graduate within one year of graduation) for a university degree in business administration, finance, or other relevant area.

  • Interest in the fields of internal audit and internal controls.

  • Excellent oral and written English skills. Any additional languages would be an asset.



  • Strong analytical and synthesising skills as well as sound judgement

  • Good written and verbal communication

  • Good interpersonal skills and team player

  • Ability to work in a fast-paced environment Ability to develop and maintain effective working relationship with business areas



  • Deadline for application: 4 October 2022

  • Expected start date: as soon as possible

  • Duration: six months, with the option to extend for another six months


The ESM aims to provide equal opportunity to all candidates irrespective of their gender, nationality, age, race, culture, education, religious beliefs, sexual orientation, or disability. To further enhance the diversity of our workforce, we particularly encourage women to apply.

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