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Financial Risk Management Intern Jobs in Iowa (NOW HIRING)

Integrate with financial risk management to ensure comprehensive coverage of market and credit risks. * Partner with underwriting risk management to support integration of credit risk in product ...

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Financial Risk Management Intern information

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 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 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 Iowa are hiring for Financial Risk Management Intern jobs? Cities in Iowa with the most Financial Risk Management Intern job openings:
Director, Enterprise Risk Management

Director, Enterprise Risk Management

GreatAmerica Financial Services Corporation

Cedar Rapids, IA • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 4 days ago


Job description

GreatAmerica Financial Services is a highly successful entrepreneurial company providing equipment financing to businesses across the United States. Our exemplary customer service, our principle-centered business philosophy and our team-based operating approach are key to our success and growth.

We Are Looking to Add a Key Member to Our Risk Management Team!

The Director of Enterprise Risk Management (ERM) provides the overall leadership, vision, direction, and execution oversight of GreatAmerica’s ERM Program which is one segment of GreatAmerica’s corporate risk management function. GreatAmerica’s risk management function is responsible for working across the company to establish and operate a sustainable risk management program that supports the projected growth of the organization.

The Director of ERM will be responsible for building a team appropriate to support the maturity of GreatAmerica’s ERM Program. This position reports to GreatAmerica’s Chief Risk Officer.

As a Director of Enterprise Risk Managment, you will:
 

Governance

  • Develops enterprise risk management policies and practices.
  • In coordination with the Chief Risk Officer and other risk leaders across the organization, supports the definition of the organization’s risk appetites and risk tolerances.
  • Maintaining a high-level view of the enterprise risk portfolio and advising management on risk exposure, risk management, and organizational resilience.
  • Provides leadership and contributes significantly to the risk governance structure and operations through involvement with the Enterprise Risk Management Committee.

Process

  • Leverages relationships across the enterprise to facilitate the implementation, management, and maturity of the ERM Program; including liaising and consulting with executives and providing an effective challenge to risk ownership activities.
  • In coordination with risk leaders across the organization, document and analyze risk deficiencies, risk events and incidents, tests and exercises, and risk interdependency, including supporting root cause and lessons learned analysis efforts to identify trends and improvement opportunities and recommendations.
  • Assisting in completing risk assessments for the organization’s risk areas and reporting the results to the Enterprise Risk Management Committee.
  • Support 1st Line of Defense and 2nd Line of Defense activities to mature the ERM Program.

People/Collaboration

  • Provides leadership and management direction within the risk management function related to the ERM Program.
  • Works across the organization to leverage expertise in the establishment, monitoring, and reporting of risk metrics that describe key risk exposures and early warning indicators to be approved by the Enterprise Risk Management Committee.
  • Coordinates with ERM Program leads, business unit and function leaders, internal audit, and compliance to enhance monitoring and reporting for the ERM Program by gathering data and assisting in the development of dashboards, KPIs, and other metrics.

To be successful in this role you will need:

Education

  • Bachelor's degree in risk management, business, finance, or a related field, or equivalent, and 10+ years related experience and/or training, or equivalent combination of education and experience is preferred.

Experience

  • Significant Risk Management SME knowledge and experience in shaping and leading an ERM Program at a financial segment institution is required.
  • An advanced knowledge of effective financial services risk management practices and related regulatory requirements and expectations.
  • Excellent ability to lead through influence across a diverse organization to drive the adoption of risk management programs and business unit implementation of the expected changes in disciplined risk management practices.
  • Ability to communicate effectively at all levels of management.
  • General knowledge of both financial and non-financial risk areas, including: Operation Risks, Financial Risks, Legal/Regulatory Risks, Human Capital Risks, Strategic Risks, Credit Risks, Security Risks and more.
  • Experience in use of a GRC system (GreatAmerica utilizes AuditBoard).
  • Ability to respond effectively to sensitive inquiries or complaints, ability to make effective and persuasive presentations on controversial or complex topics to senior management.

Sharing rewards is an integral part of our culture. We believe in the value of hard work and reward our employees beyond the paycheck. Our total rewards package is based on eligibility and includes:

Financial Benefits

  • Competitive Compensation
  • Monthly Bonuses for Eligible Employees
  • 401(k) and Company Match
  • Annual Profit Sharing
  • Paid Time Off

Health, Wellbeing, and Family Planning Benefits

  • Paid Vacation - starting at 80 hours annually for employees in their first year of service.
  • Paid Sick Days - Ten (10) per year with a conversation option for unused time.
  • Ten (10) Paid Holidays per year
  • Gym Reimbursement
  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Short-Term and Long Term Disability
  • Company Paid Life Insurance
  • Flexible Spending Accounts (FSA)
  • Health Savings Accounts (HSA)
  • Employee Assistance Program
  • Parental Leave

Education and Career Planning Benefits

  • Tuition Assistance
  • Networking Opportunities
  • Leadership Development Opportunities

Perks

  • Paid Parking
  • Service Awards
  • Hybrid work arrangements
  • Business casual environment
  • A strong organizational culture focused on our greatest asset: you!

If your experience aligns closely, please apply. We value diverse backgrounds and adding new perspectives. We encourage you to apply if you can make a strong impact in this role at www.greatamerica.com/careers.

Please note, applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa.