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Intern Bank Risk Management Jobs in Virginia (NOW HIRING)

Masters Degree in Business Administration (MBA), Accounting, or Finance or Economics * 6+ years of experience in risk management within the banking or financial services industry * Project Management ...

Masters Degree in Business Administration (MBA), Accounting, or Finance or Economics * 6+ years of experience in risk management within the banking or financial services industry * Project Management ...

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Intern Bank Risk Management information

What kinds of projects or tasks can an Intern in Bank Risk Management expect to work on?

As an Intern in Bank Risk Management, you can expect to assist with data analysis, preparing risk reports, and helping to identify potential risks in various banking operations. You'll likely work closely with experienced analysts to review credit, market, or operational risk exposures, and may participate in risk assessment meetings or audits. This role often involves cross-departmental collaboration, giving you valuable insight into how risk management supports the bank’s overall strategy and compliance efforts.

What are the key skills and qualifications needed to thrive as an Intern in Bank Risk Management, and why are they important?

To thrive as an Intern in Bank Risk Management, you typically need a background in finance, economics, or a related field, strong analytical abilities, and proficiency with data analysis. Familiarity with risk assessment tools, Microsoft Excel, and sometimes software like SAS or SQL is often expected, alongside knowledge of relevant regulations. Strong attention to detail, effective communication, and a proactive attitude help interns stand out in this role. These skills are crucial to accurately identify, assess, and communicate risks, supporting the bank’s overall stability and compliance.

What does an Intern in Bank Risk Management do?

An Intern in Bank Risk Management assists in identifying, analyzing, and monitoring risks that could affect the bank’s financial health and operations. Their tasks often include supporting risk assessments, preparing reports, and helping ensure compliance with regulatory requirements. Interns may work with data analysis tools, attend meetings with risk managers, and learn about credit, market, and operational risks. This role offers valuable exposure to risk management processes and helps interns develop analytical and problem-solving skills.

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

AspectIntern Bank Risk ManagementIntern Credit Analyst
Required CredentialsTypically pursuing finance, economics, or related degrees; some certifications beneficialSimilar educational background; certifications like CFA may be advantageous
Work EnvironmentBank risk departments, analyzing overall risk exposureCredit departments, assessing individual or corporate creditworthiness
Employer & Industry UsageCommon in banking and financial institutionsWidely used in banks, lending institutions, and credit agencies
Comparison Search IntentUnderstanding risk management roles in bankingFocusing on credit analysis and lending decisions

Intern Bank Risk Management and Intern Credit Analyst roles share similar educational backgrounds and work environments within banking institutions. However, risk management interns focus on assessing overall risk exposure, while credit analyst interns concentrate on evaluating creditworthiness. Both roles are essential in banking, but they serve different functions within the financial industry.

What are the most commonly searched types of Bank Risk Management jobs in Virginia? The most popular types of Bank Risk Management jobs in Virginia are:
Third Party Risk Management Analyst

Third Party Risk Management Analyst

Burke & Herbert Bank & Trust

Alexandria, VA • On-site

Full-time

Posted 9 days ago

Be an early applicant


Burke & Herbert Bank rating

5.6

Company rating: 5.6 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

132nd of 141 rated banks


Job description

CLASSIFICATION: Non-exempt

REPORTS TO: Program Manager, Third Party Risk Management

JOB DESCRIPTION

Summary/Objective


Under the direction of the Program Manager, Third Party Risk Management, the Third‑Party Vendor Risk Analyst supports the execution of the Bank’s Third‑Party Risk Management (TPRM) Program by performing day‑to‑day operational, analytical, and facilitation activities. In partnership with the Program Manager, the Analyst helps strengthen and sustain effective vendor review cadence by coordinating stakeholder inputs, producing complete and traceable documentation, and preparing exam‑ready artifacts. This role ensures vendor risk activities—including due diligence, ongoing monitoring, documentation, and issue tracking—are executed in a timely, consistent, and examination‑defensible manner.


Essential Functions
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


  • Execute day‑to‑day third‑party risk management activities for new and existing vendors in accordance with the Bank’s TPRM Program, with heightened focus on critical and GLBA‑High risk relationships. Support initial due diligence and ongoing risk assessments by collecting, validating, and documenting required artifacts and supporting materials for higher‑risk vendors to facilitate effective review, challenge, and approval by the Program Manager.


  • Maintain and manage the rolling vendor review schedule established by the Program Manager, ensuring critical and high‑risk third‑party relationships are prioritized and reviewed in accordance with established cadence and monitoring requirements. Coordinate with internal stakeholders, including Information Security, IT, Compliance, Finance, and Accounting, to obtain required risk assessment inputs and documentation necessary to support vendor reviews, providing enhanced facilitation for critical and GLBA‑High risk vendors.


  • Track vendors review progress, outstanding action items, and remediation activities, maintaining visibility into reviews, documentation gaps, and issue resolution. Proactively escalate aging, overdue, or at‑risk items to the Program Manager to support timely awareness, decision‑making, and risk mitigation.


  • Prepare, maintain, and organize comprehensive vendor review documentation, including executive summaries, evidence inventories, and issue tracking materials, with enhanced rigor applied to files associated with critical and GLBA‑High risk vendors. Ensure that vendor risk conclusions and assigned risk ratings are clearly, consistently, and defensibly supported by documented evidence prior to Program Manager review and sign‑off.


  • Assist in documenting risk acceptance decisions and remediation status under the direction of the Program Manager, ensuring alignment with TPRM program standards, internal governance expectations, and applicable regulatory requirements.


  • Identify procedural gaps, workflow inefficiencies, and documentation issues encountered during third‑party risk management execution, particularly those impacting oversight of critical and GLBA‑High risk vendors. Escalate observations and improvement opportunities to the Program Manager for program‑level evaluation and continuous improvement.


  • Support ad hoc projects, process enhancements, and targeted initiatives led by the Program Manager to strengthen third‑party risk governance, operational effectiveness, and overall program maturity.


Other Duties

  • Contract and Procurement Support

Support the Program Manager by tracking vendor‑related review milestones (including onboarding, renewals, and amendments). Ensure required vendor review documentation is complete, accurate, and available to support informed contractual decisions prior to execution.


  • Governance, Metrics, and Reporting Support

Compile and maintain program metrics, status reports, and supporting materials used to measure and monitor Third‑Party Risk Management (TPRM) program performance. Assist, as directed by the Program Manager, in preparing materials for internal governance forums, audits, and regulatory examinations.


  • Audit and Examination Readiness

Support internal and external audits and regulatory examinations by organizing vendor files, maintaining evidence mappings, and assembling response documentation under Program Manager guidance. Maintain vendor records in an exam‑ready state to support Program Manager interactions with auditors, regulators, and risk committees.

Skills/Abilities

  • Working knowledge of third-party risk management practices and regulatory expectations within a regulated financial services environment.
  • Strong analytical skills with the ability to assess risk data, identify trends, and support informed decision-making.
  • Excellent organizational and documentation skills with high attention to detail.
  • Ability to collaborate effectively with cross‑functional stakeholders while operating under Program Manager direction.
  • Strong written and verbal communication skills to support clear documentation, issue analysis, and timely escalation.
  • Proficiency with Microsoft Office (Excel, Word, PowerPoint) and risk management or workflow tracking tools.

Supervisory Responsibility

This position does not have supervisory responsibilities.


Work Environment

This job operates in an office setting, the opportunity to telework is not available. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer.


Physical Demands

This position requires manual dexterity, the ability to lift files and open cabinets. This position requires bending, stooping, or standing, as necessary.


Travel

Limited local travel may be required for this position.

Education and Experience

Education

  • Requires a bachelor’s degree in business, Finance, Risk Management, Information Systems, Compliance, or a related field or equivalent professional experience supporting risk management functions in a regulated environment.

Experience

  • Requires a minimum of 1 year of experience supporting third‑party vendor management, operational risk, compliance, information security, or a related risk discipline within a regulated industry.
  • Requires hands‑on experience supporting vendor due diligence, ongoing monitoring, documentation, and issue tracking activities.
  • Experience coordinating with cross‑functional stakeholders (e.g., Information Security, IT, Compliance, Finance) to collect and organize risk assessment inputs.
  • Experience producing or maintaining clear, well‑organized, and evidence‑based documentation to support management review, audit, or regulatory examination.



Equal Employment Opportunity/M/F/disability/protected veteran status.



Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.