Credit Risk Management Department Risk Analytics - Model Intern

Job Title

Credit Risk Management Department – Risk Analytics: Model Intern

Location

US-NY-New York

Overview

The intern will assist senior members of the model team in all business-as-usual activities. Responsibilities include data collection, running credit risk ratings, CECL, and stress tests, aggregating model outputs, analyzing data, and documenting models for model risk management purposes (internal model review and audit). The intern will participate in the model lifecycle and support remediation for any findings or regulatory issues (e.g., MRA).

Responsibilities

• Credit Risk Rating: Coordinate risk rating requests from FLUs and CRM CA teams; understand model setup and requirements; generate rating reports as required.
• Stress Test: Assist with quarterly stress tests; aggregate results; perform in-depth analyses; prepare reports.
• Model Risk Governance: Update model documentation for ERM reviews; assist with finding remediation; track finding/issue status.
• Data Collection: Help collect data from various locations/sources; clean data; report outcomes in designated formats (e.g., CECL scenarios, loan rating history, major events).
• Administrative Duties: Support team lead with invoice processing, meeting organization and minutes, and deck preparation.

Qualifications

• Advanced degree in quantitative fields such as Mathematics, Statistics, Physics, Computer Science, Financial Engineering, etc.
• Familiar with programming languages such as VBA, Python, and SQL.
• Excellent written and verbal communication skills.
• Strong organizational and time-management skills.
• Ability to work independently and collaboratively in a team environment.
• Eagerness to learn and take initiative.
• Basic knowledge of finance-related tools, concepts, or technologies.
• Problem-solving and critical-thinking skills.

Pay

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education, and other qualifications.

USD $18.00 /Hr.