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Internship Credit Risk Modeling Jobs in New York

BNY Mellon

Director, Credit Risk Review

Manhattan, NY · On-site

We're seeking a future team member for the role of Director, Credit Risk Review to join our Model Risk team. This role is located in New York City, New York. In this role, you'll make an impact in ...

Clear Street

Director - Credit Risk

Manhattan, NY · On-site

$180K - $250K/yr

We've agonized about our data model abstractions, created horizontal scalability, and crafted ... As Director of Credit Risk at Clear Street, you will be a senior leader within the Risk Management ...

Clear Street

Director - Credit Risk

New York, NY · On-site

$180K - $250K/yr

We've agonized about our data model abstractions, created horizontal scalability, and crafted ... As Director of Credit Risk at Clear Street, you will be a senior leader within the Risk Management ...

Clear Street

Director - Credit Risk

New York, NY · Hybrid

$180K - $250K/yr

We've agonized about our data model abstractions, created horizontal scalability, and crafted ... As Director of Credit Risk at Clear Street, you will be a senior leader within the Risk Management ...

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Internship Credit Risk Modeling information

What is an internship in credit risk modeling?

An Internship in Credit Risk Modeling is a temporary position, usually for students or recent graduates, where you work with financial institutions to understand and help develop models that predict the likelihood of borrowers defaulting on loans. Interns typically assist in analyzing data, building statistical models, and supporting risk assessment processes. This role provides hands-on experience with financial data, programming, and model validation, making it valuable for those interested in finance, statistics, or data science. It also offers exposure to regulatory requirements and real-world risk management practices.

What types of projects or tasks can I expect to work on during an internship in credit risk modeling?

As an intern in Credit Risk Modeling, you'll typically assist with statistical analysis, data preparation, and validation of risk models used by the organization to evaluate creditworthiness. You may support senior analysts in building or refining predictive models using programming languages like Python or R, and work with large datasets to uncover trends in borrower behavior. Interns often collaborate with risk analysts, data scientists, and IT teams, gaining exposure to both technical and business perspectives. This hands-on experience helps build a solid foundation for a future career in quantitative finance or risk management.

What are the key skills and qualifications needed to thrive as an internship in credit risk modeling, and why are they important?

To thrive as an Internship Credit Risk Modeling, you generally need strong quantitative and analytical skills, a background in finance, statistics, or a related field, and familiarity with risk concepts. Experience with statistical programming languages such as Python, R, or SAS, and proficiency in Excel or SQL, are commonly required, and relevant coursework or certifications in risk management or data analysis are advantageous. Attention to detail, critical thinking, and effective communication help interns stand out when interpreting data and presenting risk findings. These skills are important to ensure accurate risk assessments, support data-driven decision-making, and facilitate collaboration within financial institutions.

What is the difference between Internship Credit Risk Modeling vs Credit Risk Analyst?

AspectInternship Credit Risk ModelingCredit Risk Analyst
CredentialsTypically pursuing or recent graduate, some familiarity with finance or statisticsBachelor's degree in finance, economics, or related field; often requires some experience
Work EnvironmentInternship setting, supervised, project-basedFull-time, professional environment, more independent responsibilities
Industry UsageEntry-level, educational focus, training periodCore role in financial institutions, ongoing risk assessment

Internship Credit Risk Modeling positions are designed for students or recent graduates gaining initial experience, often with supervised tasks. Credit Risk Analysts are experienced professionals responsible for ongoing risk evaluation, requiring more advanced skills and independence. The internship serves as a training ground, while the analyst role involves continuous risk management in financial institutions.

What are the most commonly searched types of Credit Risk Modeling jobs in New York?

The most popular types of Credit Risk Modeling jobs in New York are:

What cities in New York are hiring for Internship Credit Risk Modeling jobs?

Cities in New York with the most Internship Credit Risk Modeling job openings:

Internship Credit Risk Modeling jobs near you

Director, Credit Risk Review

BNY Mellon

Manhattan, NY • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 25 days ago

BNY Mellon rating

7.3

Company rating: 7.3 out of 10

Based on 52 frontline employees who took The Breakroom Quiz

125th of 151 rated financial services

Job description


We're seeking a future team member for the role of Director, Credit Risk Review to join our Model Risk team. This role is located in New York City, New York.
In this role, you'll make an impact in the following ways:
  • Lead the development and execution of a risk-based annual Credit Risk Review plan covering key portfolios, products, and counterparties, by applying deep credit, regulatory, and market knowledge to identify areas of heightened risk and strategic importance.
  • Oversee and direct end-to-end review engagements (planning, methodology, fieldwork, issue identification, and reporting), by ensuring robust testing of credit risk identification, measurement, monitoring, and control processes, and by challenging the effectiveness and design of first- and second-line frameworks.
  • Provide independent, candid, and well-substantiated conclusions and thematic insights to senior management, risk committees, and other governance forums, by synthesizing complex review results into clear, decision-useful commentary and recommendations.
  • Drive high standards of methodology, documentation quality, and review discipline across the Credit Risk Review team, by establishing and monitoring adherence to policies, procedures, and quality assurance expectations.
  • Manage, develop, and coach a team of credit risk review professionals, by setting clear performance expectations, providing technical and behavioral feedback, and fostering a culture of challenge, continuous improvement, and alignment with BNY's principles.
  • Partner constructively with Risk, Business, Audit, and Compliance stakeholders while preserving independence, by engaging in regular dialogue on emerging risks, tracking remediation of issues, and influencing sustainable enhancements to the credit risk control environment.

To be successful in this role, we're seeking the following:
  • Bachelor's degree or equivalent in Finance, Economics, Accounting, Business, or a related quantitative/analytical field.
  • Advanced degree (e.g., MBA, MS in Finance/Risk) and/or relevant professional certifications (e.g., FRM, PRM, CFA, CRC) preferred.
  • 12-15 years of experience.
  • Credit Officer experience with material individual approval authority in large systemically important banks is preferred.
  • Advanced credit risk expertise, including complex counterparty/portfolio analysis, risk frameworks, and regulatory expectations, with the ability to translate this into effective independent review and challenge.
  • Advanced credit risk assessment and approval experience in and technical understanding of counterparty credit risk and financial institutions, including hedge funds, private equity and private credit funds, asset managers is required. Expertise in commercial real estate, general corporate credit or securitizations is a plus.
  • Strong leadership and stakeholder management capabilities, including leading review teams, influencing senior executives, and managing conflict while maintaining independence of judgment.
  • Excellent analytical, written, and verbal communication skills, with the ability to synthesize complex findings into concise, actionable insights and to set and maintain high standards of review methodology and documentation quality.

About Us
At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.
Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.
About the Team
At BNY, our culture speaks for itself, check out the latest BNY news at BNY Newsroom & BNY LinkedIn
Here's a few of our recent awards:
  • America's Most Innovative Companies, Fortune, 2025
  • World's Most Admired Companies, Fortune 2025
  • "Most Just Companies", Just Capital and CNBC, 2025

Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting.
Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.
If hired, the employee will be in an "at will" position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

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About BNY Mellon

Sourced by ZipRecruiter

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Dec. 31, 2021, BNY Mellon had $46.7 trillion in assets under custody and/or administration, and $2.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com . Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

New York, NY, US

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