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Overview

The Procurement and Vendor Management (PVM) Risk Office is dedicated to enhancing the organization’s ability to identify, assess, and manage operational risks across all business units. Our mission is to provide independent, objective assurance and advisory services that improve the effectiveness of risk management, governance, and internal controls. Within this office, the Third-Party Risk Management (TPRM) team ensures that external vendors and partners meet Navy Federal’s risk, compliance, and performance standards.

Potential projects for the PVM Risk Office summer associate may include:

+ Assisting in risk assessments for key operational areas

+ Supporting control testing and validation activities

+ Assisting with Third Party Risk Due Diligence

+ Developing risk reporting tools and dashboards

+ Researching emerging operational risk trends and regulatory developments

+ Participating in process reviews to identify gaps and improvement opportunities

The Summer Associate Program is a 12-week internship program beginning in May 2026 and ending in August 2026. Students will work on impactful projects and meaningful work during their internship. To qualify for this position, applicants must be currently pursuing a degree from an accredited college or university and have an anticipated graduation date of December 2026 or later.

Responsibilities

+ Assist in conducting operational risk assessments and control evaluations

+ Participate in process walkthroughs and document workflows, risks, and controls

+ Analyze risk data and audit evidence to assess control effectiveness

+ Support issue remediation and closure validation efforts

+ Prepare documentation and work papers that support risk observations and recommendations

+ Collaborate with cross-functional teams to identify and mitigate operational risks

+ Contribute to the development of risk metrics, dashboards, and reporting tools

+ Engage with other Summer Associates and team members to share insights and learnings

Qualifications

+ Basic understanding of business and operating environment Knowledge and understanding of risk-based auditing techniques and methodologies

+ Knowledge of applicable federal and state regulations, company policies, and industry best practices

+ Experience with project management skills

+ Knowledge of operational and regulatory risk controls concepts and practices Bachelor’s Degree in Business Administration, Auditing, or related field or equivalent combination of training, education and experience

+ Background, experience or academic knowledge of organizational design concepts

Hours: Monday – Friday 8:00AM - 4:30PM EDT

About Us

Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.

Our approach to careers is simple yet powerful: Make our mission your passion.

• Fortune 100 Best Companies to Work For 2025

• Yello and WayUp Top 100 Internship Programs

• Computerworld® Best Places to Work in IT

• Newsweek Most Loved Workplaces

• Fortune Best Workplaces for Women ™ 2024

• 2025 PEOPLE® Companies That Care

• Newsweek Most Trustworthy Companies in America

• Military Times 2024 Best for Vets Employers

• Best Companies for Latinos to Work for 2025

• Forbes® 2025 America's Best Large Employers

• Forbes® 2025 America's Best Employers for New Grads

• Forbes® 2025 America's Best Employers for Tech Workers

• 2025 RippleMatch Campus Forward Award Winner for Overall Excellence

• Military.com Top Military Spouse Employers 2025

• 2025 Handshake Early Talent Award

From Fortune. ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.

Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to age, race, sex, color, religion, national origin, disability, veteran status, pregnancy, sexual orientation, genetic information, gender identity or any other basis protected by applicable law.

Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position. For additional details regarding compensation and benefits, review the Benefits page (https://fa-etbx-saasfaprod1.fa.ocs.oraclecloud.com/hcmUI/CandidateExperience/en/sites/nfcu/pages/employee-benefits) of the Navy Federal Career Site.

Protect Yourself from Job Scams: Navy Federal Credit Union jobs are posted on our career site, jobs.navyfederal.org and reputable job boards (e.g., LinkedIn, Indeed). We do not post jobs on social media marketplaces, messaging apps or unverified websites. We will never ask candidates for payment, bank details or personal financial information during the hiring process.

Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act. REQNUMBER: 26817