Summer Associate - Governance Risk & Compliance at Five Star Bank

Purpose: Five Star Bank’s Summer Associate Program is designed to develop the next generation of financial services professionals to help us advance our vision of being an independent, high-performing community bank. Our GRC Program offers hands-on experience across several dynamic areas including Compliance, Risk, BSA/AML and Fraud. This internship provides a valuable opportunity to gain exposure to risk management frameworks, compliance monitoring, and governance processes within a community bank environment.   

What You’ll Do: Depending on your area of focus, you may: 

• Compliance: A compliance summer associate assists in monitoring adherence to regulatory requirements and internal policies, supports audit preparation and documentation, and helps implement procedures that promote ethical conduct and operational integrity
• Enterprise Risk: An enterprise risk summer associate supports the identification, assessment, and monitoring of financial, operational, and regulatory risks by assisting with data analysis, third-party risk reviews, and reporting to strengthen internal controls.
• BSA/AML: A BSA/AML summer associates assists in monitoring financial transactions for suspicious activity, supports the preparation of reports such as SARs and CTRs, and helps ensure adherence to anti-money laundering regulations and internal controls.
• Fraud: A fraud summer associate assists in detecting and investigating suspicious transactions, supports the implementation of fraud prevention strategies, and helps maintain accurate records to safeguard customer assets and uphold regulatory compliance.

What We’re Looking For:

• Currently pursuing a degree in Business, Finance, Accounting, Criminal Justice, Information Security, Cybersecurity, Law or a related field.
• Candidates must be 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
• 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.
• 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.

What You’ll Gain 

As a Summer Associate, you’ll gain hands-on experience supporting governance, risk, and compliance functions in a regulated banking environment, working alongside seasoned professionals on meaningful projects. The program offers exposure to senior leadership and valuable mentorship opportunities, helping you build connections and insights that extend beyond the summer. Most importantly, you’ll have the chance to contribute to impactful work that enhances the customer experience and supports the bank’s growth.

This job description is not exhaustive.  The Summer Associate may be required to perform other duties as assigned. The expected rate of pay for this position is shown above.   Compensation offers are based on a wide range of factors including relevant skills, training, experience, education and, where applicable, licenses or certifications obtained.   Market and organizational factors are also considered.  In addition to your base rate of pay and a competitive benefits package, successful candidates may be eligible to receive cash or equity-based incentives based on the role and performance.