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Internship Credit Risk Modeling Jobs in Boston, MA

Iberdrola

Analyst, Credit - Ld/Sr

Boston, MA · On-site

This role partners extensively across Treasury, Legal, Risk, Operations, and multiple banking ... Strong financial analysis and cash flow modeling skills. * Solid understanding of contracts and ...

Deloitte

Financial Risk Manager

Boston, MA · On-site

Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of financial services business models, products, and services * Experience in banking, digital assets, or ...

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All JobsCredit Risk Modeling JobsInternship Credit Risk Modeling JobsInternship Credit Risk Modeling Jobs in Boston, MA

Internship Credit Risk Modeling information

See Boston, MA salary details

$132.3K

$154.1K

$199.2K

How much do internship credit risk modeling jobs pay per year?

As of Aug 11, 2026, the average yearly pay for internship credit risk modeling in Boston, MA is $154,144.00, according to ZipRecruiter salary data. Most workers in this role earn between $140,800.00 and $157,800.00 per year, depending on experience, location, and employer.

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 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 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 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 are the most commonly searched types of Credit Risk Modeling jobs in Boston, MA? The most popular types of Credit Risk Modeling jobs in Boston, MA are:
Internship Credit Risk Modeling jobs near you
Infographic showing various Internship Credit Risk Modeling job openings in Boston, MA as of August 2026, with employment types broken down into 5% Internship, 90% Full Time, and 5% Part Time. Highlights an 84% In-person, and 16% Remote job distribution, with an average salary of $154,144 per year, or $74.1 per hour.

Principal Quantitative Risk Management Analyst, Marlboro or Chelmsford, MA or Hillsboro, OR, Hybrid

First Technology Federal Credit Union

Marlborough, MA

$146K - $176K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 10 days ago

Job description

Description

This role provides advanced quantitative expertise to support the Credit Union’s capital planning and stress testing program by developing, maintaining, and applying analytical models, scenario-based forecasting processes, and decision-support tools. The role translates business strategy, risk appetite, portfolio behavior, and macroeconomic assumptions into model-ready inputs and actionable outputs that inform capital adequacy assessment, governance, regulatory reporting, management action planning, and proactive risk identification. It also supports Finance and Capital Planning special projects, including ad hoc analysis, strategic initiatives, process enhancements, management reporting, and cross-functional efforts that improve financial insight, capital adequacy monitoring, and organizational decision-making.

Here’s what you can expect from the job and what you need to be successful: 

What You’ll Do :

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

·         Develop, refine, and maintain sophisticated quantitative models that assess market, credit, operational, and portfolio‑level risks. 

·         Lead the implementation and continuous improvement of analytical tools and processes used for risk measurement, forecasting, stress testing, and scenario analysis. 

·         Establish and interpret risk metrics, thresholds, and guidelines to ensure the organization’s exposure remains within acceptable boundaries. 

·         Evaluate the risk implications of new or evolving financial products, strategies, and business initiatives, providing actionable insights to stakeholders. 

·         Monitor macroeconomic trends, market conditions, and emerging risk signals to identify potential vulnerabilities and recommend mitigation strategies. 

·         Drive the creation of effective reporting frameworks that enhance transparency, data quality, and efficiency in communicating risk insights. 

·         Collaborate cross‑functionally with business, finance, data, and technology partners to embed quantitative risk practices into decision‑making processes. 

·         Provide technical guidance, mentorship, or subject‑matter expertise to others to strengthen the organization’s overall analytical capabilities. 

·         Ensure adherence to internal policies, governance expectations, and regulatory requirements related to risk modeling and analytics. 

 Typical Scope: 

·         Anticipates internal/external business issues and recommends product, process or service improvements. Leads projects or programs with significant risk and complexity and develops strategy for project execution. Analyzes complex business issues using conceptual thinking and exercises significant judgment on technical or highly complex problems. Makes recommendations impacting processes or outcomes. 

·         Exercises independent judgment in methods, techniques and evaluation criteria to work on significant and unique issues. Expert level knowledge in functional area and broad understanding of multiple disciplines. Applies innovative technical or industry knowledge. Communicates frequently with leadership. 

·         Acts independently to determine methods and procedures. May supervise the activities of others. Works autonomously under general guidance. May lead work group through expertise. Manages multiple processes or programs and establishes operational plans. 

Essential Skills:

Education & Experience:  

·         Required Education: Bachelor's degree in field relevant to role (or 4 additional years of relevant experience in lieu of a degree) 

·         Required Experience: 8 - 12 years of relevant experience 

 Qualifications & Skills:  

·         Strong expertise in quantitative finance, statistics, econometrics, mathematics, or a related discipline. 

·         Proven ability to build, validate, and interpret complex risk or financial models using tools such as Python, R, SQL, or similar analytics platforms. 

·         Deep knowledge of risk concepts—including market, credit, operational, and portfolio risk—and their application in financial or operational environments. 

·         Ability to translate complex analytical findings into clear, actionable recommendations for diverse stakeholders. 

·         Demonstrated capability to work independently on complex problems while contributing effectively within cross‑functional teams. 

·         Strong understanding of data structures, model governance, and analytical best practices.   

Location:

Either Marlboro, MA, Chelmsford, MA or Hillsboro, OR

Target Compensation:

 $146,500 - $176,000

Who We Are:   

 What makes First Tech different? Click here to learn more!  

 Every great journey begins with a bold idea—and ours is no different. First Tech and DCU were founded on the belief that financial solutions should put people first. That belief has fueled decades of innovation and service, rooted in the tech sector and expanding to support members from all walks of life.

 Employees are eligible for:

  • Traditional medical, dental, and vision coverage
  • Generous 401(k) match
  • Paid Time Off: - You’ll accrue up to 15 days in your first year.  In addition, you’ll receive 40 hours of sick time and 3 personal days, which refresh annually
  • Paid federal holidays
  • Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility subject to standard account requirements and underwriting criteria

 Employment Statements: 

 First Tech is an equal opportunity employer, and we value diversity, inclusion, and equity at our company. We evaluate qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.

If you’re applying for a job and need a reasonable accommodation for any part of the employment process, please send an email to recruiters@firsttechfed.com and let us know the nature of your request and contact information. Please note that only those inquiries concerning a request for reasonable accommodation will be responded to from this email address 

First Tech is not currently offering Visa transfer/ sponsorship for this position.  


Who We Are:
What makes First Tech different? Click here to learn more!
Every great journey begins with a bold idea—and ours is no different. First Tech and DCU were founded on the belief that financial solutions should put people first. That belief has fueled decades of innovation and service, rooted in the tech sector and expanding to support members from all walks of life.
Employees are eligible for:
• Traditional medical, dental, and vision coverage
• Generous 401(k) match
• Paid Time Off: You'll accrue up to 15 days in your first year. In addition, you'll receive 40 hours of sick time and 3 personal days, which refresh annually
• Paid federal holidays
• Special employee pricing on lending products such as mortgage, auto, and personal loans (eligibility subject to standard account requirements and underwriting criteria)
Employment Statements:
First Tech is an equal opportunity employer, and we value diversity, inclusion, and equity at our company. We evaluate qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.
If you're applying for a job and need a reasonable accommodation for any part of the employment process, please send an email to recruiters@firsttechfed.com and let us know the nature of your request and contact information. Please note that only those inquiries concerning a request for reasonable accommodation will be responded to from this email address.
First Tech is not currently offering Visa transfer/sponsorship for this position.

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