Risk Modeling Intern

Country: United States of America

Summary of Responsibilities:

The Risk Modeling Summer Internship role analyzes, reports, and/or evaluates appropriate systems and processes to ensure optimal operations and minimize operating losses. The Internship will provide the intern with an opportunity to gain a stronger understanding of Risk Management within the Financial Services industry. They'll be part of a diverse team of talented professionals who interact with senior risk team personnel, business managers and other disciplines in order to understand business operations and dynamics, and analyze, monitor, and manage related risks. They'll monitor activities to minimize the company's exposure to risk coupled with building and maintaining new processes. Activities will include quantitative analysis & communication across different functions. Represent or support the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards.

• Supports the Risk Modeling, Decision Science and Data team to establish and leverage appropriate systems and processes to ensure optimal efficiency and effectiveness of operations.
• Participates in the design and evolution of the Company's existing suite of stress test forecasting models.
• Models the impact of idiosyncratic stress tests.
• Researches regulatory requirements and publications relevant to model risk
• Assist in the development and maintenance of model risk and model policies, guidelines, validation and development procedures, controls, tools and templates.
• Prepares and reviews independent model validation reports for clarity and consistency.
• Monitors and reports on management of projects and third party engagement for team.
• Documents, communicates, and incorporates risk modeling analysis into the Company's capital plan and/or other areas.
• Recommends models for implementation into a framework that integrates inputs from various areas to allow a combined, cohesive view of portfolio performance through the stress test horizon.
• Analyzes and documents the risk modeling results for a wide range of internal and external audiences including senior management and corporate regulators.
• Evaluates the strengths and weaknesses of existing controls and provides recommendations on opportunities for improvement. Create an environment of diversity, equity, and inclusion where all perspectives are valued and all people are welcomed.

• Currently enrolled in a graduate program in a quantitative field at a University or College
• Expected graduation date between December 2025 - May 2026
• Minimum cumulative GPA of 3.00
• Expertise in delivering high quality work products, reflecting attention to detail and analytical process
• Excellent written and verbal communication skills and the ability to interact with senior leaders across departments
• Ability to quickly grasp complex concepts, including global business and regulatory matters
• Ability to adjust to new developments/changing circumstances
• Self-directed, self-motivated and demonstrated experience providing ideas and solutions to further business understanding
• Ability to work in an environment that supports employees from all backgrounds and fosters an environment of inclusion.

• Extended working hours may be required as dictated by management and business needs
• Travel to multiple facilities may be required
• May be required to lift, push, or pull materials weighing up to twenty (20) pounds
• May be required to sit and review information on a computer screen for long periods of time
• May require repetitive motions of the hands and wrist related to writing and typing at an electronic keyboard
• Corporate / satellite office role