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Internship Credit Risk Modeling Jobs in Hempstead, NY

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Internship Credit Risk Modeling information

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$130K

$151.6K

$195.8K

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

As of Aug 6, 2026, the average yearly pay for internship credit risk modeling in Hempstead, NY is $151,558.00, according to ZipRecruiter salary data. Most workers in this role earn between $138,400.00 and $155,100.00 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 cities near Hempstead, NY are hiring for Internship Credit Risk Modeling jobs? Cities near Hempstead, NY with the most Internship Credit Risk Modeling job openings:

Credit Risk Specialist

SUMITOMO MITSUI TRUST BANK, LIMITED

Manhattan, NY โ€ข Hybrid

$95K - $105K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 17 days ago


Job description

This role is located in New York City and will require a hybrid work schedule of at least 2 days in office per week.


This role is for Assistant Officer level candidates.


About the Bank

Sumitomo Mitsui Trust Bank, Limited was established through the merger of The Sumitomo Trust and Banking Co., Ltd with Chuo Mitsui Trust and Banking, Ltd. on April 1, 2012. We are one of the largest asset managers in Asia and number one among Japanese financial institutions by AUM, with approximately $850 Billion USD in AUM. The Bank provides an assortment of financial solutions and manages a broad spectrum of financial products across its global branches.
Department Overview

The Americas Division (“AD”) was established in the Sumitomo Mitsui Trust Bank, Limited, New York Branch) (“SMTBNY”) to perform corporate functions and supervise U.S. entities. Established under the AD are the “Global Banking Unit (“GBU”), Americas Division” and “Global Markets Unit (“GMU”), Americas Division” which performs business functions. The Investor Services and Business Solution Department (“ISB”) is responsible for (i) distribution, agency services, and developing new business opportunities for syndicated loan transactions and (ii) developing and executing business and operation plans and managing day-to-day operations and administrative matters in GBU.


Your Role Overview:

Associate position has two main roles as below.


Syndication (Origination and Distribution):

Responsible for support, coordination, execution and assisting all phases of the loan syndication process including origination, distribution, and execution of syndicated loan financings with a focus on financing mandates in GBU. Collaborates with other departments for loan origination, distribution, and execution to secure financing mandates from investors.


Agency:

Responsible for deal processing, internal control, agency function and regulatory compliance.


Your Duties and Responsibilities:

Syndication (Origination and Distribution):

  1. Continuously monitors market trends to identify active participants, prevailing market terms and pricing, market depth, and other factors influencing lending and underwriting decisions.
  2. Supports and assists clients on market status, optimal structures, and syndication strategies for best execution in the syndicated loan capital markets.
  3. Collaborates with other departments to develop market-based structures and innovative capital raising solutions.
  4. Builds and maintains relationships with other banks and non-bank institutions to gather market intelligence during the origination process and assesses market capacity during syndication.
  5. Works closely with other departments to originate syndicated loan mandates and execute transactions once mandated.
  6. Collaborate with the Distribution and Agency team and assists originators in managing deal teams during new deal origination and execution.
  7. Performs other duties and responsibilities as assigned by management.


Agency:

  1. Executes and perform necessary agent functions, including communicating with customers and other lenders for loan servicing and distribution of documents.
  2. Acts as primary point of contact with external borrowers and/or lenders in relation to loan agency & administration function.
  3. Performs business review of credit documentation, regulatory compliance review and booking of new investments and for amendments or periodic review.
  4. Ensures compliance and operational requirements are satisfied before closing and for amendments.
  5. Coordinates with internal and third parties to effect bookings, amendments and funding.
  6. Supports Credit Analysts with Branch and Head Office monitoring and reporting requirements.
  7. Tracks credit documentation and other customer reporting requirements for timely receipt.
  8. Maintains related systems, reports, credit files and websites as well as assigns application numbers and records approvals.
  9. Performs other duties and responsibilities as assigned by management.
Your Qualifications:
  1. Bachelor’s degree in finance, Economics or related field with internship up to 5 years of related experience.
  2. 2+ years of Loan Agency and Administration preferred.
  3. General knowledge of banking principles and/or loan markets.
  4. Excellent organization skills and detail oriented.
  5. Good interpersonal skills for team-oriented environment.
  6. Advanced in Microsoft 365 (Excel, PowerPoint, Word, Outlook, and Access).
  7. Excellent oral and written communication skills.



Why you should join SuMi Trust:SuMi Trust embraces flexible ways of working when the business and role permits. We provide employees with a hybrid working model, allowing for in-office work and work from home. Our diverse and inclusive environment along with our global presence enables us to collaborate and communicate to meet our business needs. We believe that efficient teams need truth, loyalty, and a strong sense of purpose to balance risk and their targets. We make sustainable business decisions to improve our society and the world. We believe that each person brings a unique value that drives the business though their creativity and passion.
  • The Employee Benefits package includes: Paid Time Off, medical, HSA, vision, dental, FSA, 401(k), profit sharing, legal plan, cancer indemnity plan, disability insurance, life insurance, employee assistance program, commuter benefits, business travel accident, paid volunteer day, paid memberships, paid seminars, and tuition assistance.
  • We offer many socialization opportunities for wellness, financial wellbeing, runs/walks, team building, happy hours, and activities to support the Sustainable Developmental Goals.

Check out our LinkedIn for our employee experience: https://www.linkedin.com/company/smtbny



We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SuMi Trust provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application