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Financial Risk Management Intern Jobs in Alabama

Everest Re Group

Risk Management About Everest: Everest is a global leader in risk management, rooted in a rich, 50 ... financial lines and parametric covers). Partner with the Mt. Logan management team as CRO to ensure ...

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Financial Risk Management Intern information

What types of projects and responsibilities can a Financial Risk Management Intern expect during their internship?

As a Financial Risk Management Intern, you can expect to be involved in analyzing financial data, assisting in the development of risk models, and supporting the assessment of market, credit, or operational risks. Interns often collaborate with risk analysts and senior managers to prepare reports, monitor risk exposures, and contribute to risk mitigation strategies. You'll likely work with various teams, such as compliance and finance, gaining hands-on experience with tools and methodologies commonly used in the industry. This exposure provides valuable insights into risk management processes and helps develop practical skills for future roles in finance.

What does a Financial Risk Management Intern do?

A Financial Risk Management Intern supports the risk management team by analyzing financial data, identifying potential risks, and helping to develop strategies to mitigate those risks. Interns may assist with preparing risk reports, monitoring market trends, and using risk assessment tools. This role often provides hands-on experience with financial modeling, regulatory compliance, and internal controls. The position is ideal for students or recent graduates interested in learning about risk management processes within financial institutions or corporations.

What are the key skills and qualifications needed to thrive as a Financial Risk Management Intern, and why are they important?

To thrive as a Financial Risk Management Intern, you need strong analytical skills, knowledge of finance principles, and coursework or a degree in finance, economics, or a related field. Familiarity with risk analysis tools, Microsoft Excel, and sometimes financial modeling software like SAS or Python is highly valued. Attention to detail, effective communication, and eagerness to learn are standout soft skills for this position. These skills enable interns to accurately assess risk, support senior analysts, and contribute meaningfully to risk mitigation strategies.

What is the difference between Financial Risk Management Intern vs Credit Risk Analyst Intern?

AspectFinancial Risk Management InternCredit Risk Analyst Intern
Required CredentialsTypically pursuing finance, economics, or related degreeSimilar educational background, often with coursework in credit analysis
Work EnvironmentFinancial institutions, banks, or investment firmsBanking, lending institutions, or credit agencies
Employer & Industry UsageUsed in risk management departments across finance sectorsCommon in credit departments focusing on loan risk assessment
Comparison Search IntentUnderstanding risk management roles in financeFocusing on credit risk specific roles

Both roles involve analyzing financial data and assessing risks, but a Financial Risk Management Intern has a broader focus on overall financial risks, while a Credit Risk Analyst Intern specializes in credit and loan risk assessment. The choice depends on your interest in general risk management versus credit-specific analysis within the finance industry.

What cities in Alabama are hiring for Financial Risk Management Intern jobs? Cities in Alabama with the most Financial Risk Management Intern job openings:
Financial Risk Management Intern jobs near you
S&R Risk Specialist

S&R Risk Specialist

Federal Reserve Bank of Richmond

Birmingham, AL • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 11 days ago

Job description

CompanyFederal Reserve Bank of AtlantaAs an employee of the Atlanta Fed, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the Southeast, the United States, and the world. The work we do here is important, and how we do it is just as important as what we do. We live our values of integrity, excellence, and respect every day. We do the right thing, we do things right, and we treat people right. A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper.
The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are required to be onsite according to the schedule set by your management.

Position Summary:

The Federal Banking Agencies (FBAs) jointly conduct the supervision of technology services provided by certain third-party service providers under the authority provided in the Bank Service Company Act (BSCA). The SP Program includes third-party service providers that are deemed systemically important to the banking system.

The SP portfolio is looking for a highly motivated individual to join the Portfolio Coordination Group (PCG), which supports governance and oversight responsibilities of the Federal Reserve's SP portfolio. The PCG team coordinates supervisory program execution to ensure portfolio-wide transparency and consistency in a manner aligned with the strategic direction, priorities and plans. The PCG Risk Specialist collaborates with dedicated supervisory teams and SP program leadership to provide firm oversight and will be asked to contribute/lead SP portfolio projects that align with strategic initiatives. The ideal candidate will have prior supervisory experience in operational resiliency, information technology, and/or cybersecurity areas.

This position will report functionally to the PCG Lead, with administrative reporting through the Federal Reserve Bank of Atlanta.

Key Responsibilities:

  • Contribute to the review of SP examinations and provide feedback to firm Central Points of Contacts (CPCs) and program leadership.
  • Support the review of supervisory plans on SPs for effective risk-based supervision factoring in size and complexity of portfolio firms.
  • Provide effective challenge of key work products such as supervisory plans / strategies, exam scopes, conclusion memos, and examination deliverables.
  • Prepare MIS and deliverables that contribute to portfolio wide views for key stakeholders.
  • Lead or contribute to initiatives to improve SP supervision and assist with the vetting preparation of supervisory strategies, significant findings, and ratings.
  • Work across FBAs to contribute to the identification of common areas of supervisory focus and potentially assist with developing examination scopes and work programs
  • Contribute or lead special projects that could cover cybersecurity, resiliency, quantum computing, artificial intelligence, and/or digital assets.
  • Help implement and socialize any SP program enhancements and/or policy changes
  • Help coordinate incident response, threat and vulnerability monitoring

Skills:

  • Strong knowledge of supervision and the examination process
  • Technical understanding of operational and cyber resilience, cloud security, third-party risk management and legal and policy mandates in the financial sector that pertain to third-party risk management and cybersecurity risks and industry standards and guidance (i.e., FFIEC IT Handbook and NIST CSF)
  • Previous SP supervision experience a plus
  • Strong critical thinking, analytical and data analysis skills
  • Proven ability to effectively influence outcomes and build consensus across multiple stakeholders
  • Ability to combine risk analysis with sound judgement in proposing recommendations
  • Ability to engage and influence cross-functional teams and work collaboratively with internal and external teams

Education:

Bachelor's Degree or 4 years equivalent experience; Bachelor's Degree preferred

Technical Experience:

Minimum 5 years of experience in at least some of the following domains:

  • Cyber Security and IT Risk management
  • Cloud/IT Infrastructure
  • IT Audit, IT examination, or supervision
  • Artificial Intelligence
  • Operational resilience, governance and controls
  • Third Party Risk Management
  • Payment systems (including digital assets)
  • Core banking services

Familiarities with -

  • FFIEC, NIST, SANS and ISO standards and frameworks
  • Information security, cybersecurity, and risk management principles
  • Supervision handbooks

Certifications/Licenses: Certified in CISSP, CISA, CISM, and/or industry certification is a plus. Commissioned examiner also a plus.

Other:

  • Work Location: Within commuting distance of the Federal Reserve Bank of Atlanta (including branches in Jacksonville, Miami, and Birmingham) or another Federal Reserve Bank
  • Full-time
  • Travel: Occasional travel might be expected with an expected range between 10% - 20%

Our total rewards program offers benefits that are the best fit for you at every stage of your career:


Comprehensive healthcare options (Medical, Dental, and Vision)
401K match, and a fully funded pension plan
Paid vacation and holidays; flexible work environment
Generously subsidized public transportation
Education Assistance Program
Professional development programs, training and conferences
And more...

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments).
The Federal Reserve Bank of Atlanta is an equal opportunity employer.

Full Time / Part TimeFull timeRegular / TemporaryRegularJob Exempt (Yes / No)YesJob CategorySupervision Family GroupWork ShiftFirst (United States of America)

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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