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Internship Model Validation Jobs (NOW HIRING)

DTCC

You will support validation, analysis, documentation, and governance activities while building a practical understanding of model risk frameworks and standards. At DTCC, interns contribute to ...

FHLB Des Moines

Model Risk Co-Op

Des Moines, IA · On-site

$22/hr

Previous internship or graduate/undergraduate research experience in a related field, such as model validation, financial modeling, data science, machine leaning and predicative modeling is desirable.

Upstart

Staff Machine Learning Model Risk Specialist

OR · On-site +1

$98K/yr

Internship or project experience related to model risk management, model validation, machine learning, or data science. * Basic understanding of AI/ML methodologies such as tree-based models and ...

Jefferies

$17 - $22/hr

Independently reviewing and validating all models used for valuation of the firm's inventory and ensures any model limitations are well understood and appropriately accounted for.

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Internship Model Validation information

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How much do internship model validation jobs pay per hour?

As of Sep 10, 2026, the average hourly pay for internship model validation in the United States is $52.00, according to ZipRecruiter salary data. Most workers in this role earn between $39.42 and $63.22 per hour, depending on experience, location, and employer.

What is an internship in model validation?

An Internship in Model Validation is a temporary position, usually for students or recent graduates, where you assist in reviewing and testing financial or statistical models used by organizations. Interns help ensure these models are accurate, reliable, and compliant with regulations. Tasks often include analyzing data, running simulations, and documenting findings under the supervision of experienced model validators. It's an excellent way to gain hands-on experience in quantitative finance, risk management, or data science. These internships are valuable for building technical and analytical skills relevant to careers in finance, banking, or consulting.

What types of projects or tasks can I expect to work on during an internship in model validation?

As an intern in model validation, you will typically assist in evaluating and testing financial or statistical models to ensure their accuracy and compliance with regulatory standards. Your daily tasks may include reviewing model documentation, running validation tests, analyzing model outputs, and preparing reports for senior analysts. You'll often collaborate with model developers, risk managers, and other stakeholders to discuss findings and suggest improvements. This hands-on experience provides valuable exposure to quantitative methods, regulatory frameworks, and cross-functional teamwork within the financial industry.

What are the key skills and qualifications needed to thrive as an internship model validation, and why are they important?

To thrive in a Model Validation Internship, you need a solid foundation in quantitative disciplines such as mathematics, statistics, finance, or computer science, often supported by progress toward a relevant degree. Familiarity with statistical software or programming languages like Python, R, or MATLAB, and knowledge of financial modeling systems, is highly valuable. Strong analytical thinking, attention to detail, and clear communication skills set standout candidates apart. These skills and qualities are crucial for accurately assessing model performance, ensuring compliance, and effectively presenting findings to technical and non-technical stakeholders.

What is the difference between Internship Model Validation vs Data Analyst?

AspectInternship Model ValidationData Analyst
Required CredentialsTypically pursuing or recent graduate in finance, economics, or related fieldsBachelor's degree in statistics, mathematics, or related field; certifications optional
Work EnvironmentInternship setting within financial institutions or banks, supervised by senior staffOffice-based, analyzing data sets, creating reports, often in various industries
Employer & Industry UsageUsed in banking, finance, and risk management for model validation tasksUsed across industries for data analysis, reporting, and decision support

Internship Model Validation focuses on assessing the accuracy and compliance of financial models during an internship, often within banking or finance sectors. Data Analysts perform broader data interpretation and reporting tasks across industries. While both roles involve data skills, Model Validation internships emphasize financial model testing, whereas Data Analysts handle diverse data analysis functions.

What cities are hiring for Internship Model Validation jobs?

Cities with the most Internship Model Validation job openings:

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Internship Model Validation jobs near you
Infographic showing various Internship Model Validation job openings in the United States as of July 2026, with employment types broken down into 9% Internship, 1% As Needed, 68% Full Time, 20% Part Time, 1% Temporary, and 1% Contract. Highlights an 87% Physical, 1% Hybrid, and 12% Remote job distribution, with an average salary of $108,152 per year, or $52 per hour.

Model Risk Management Intern [2027 Internship Program]

Jersey City, NJ • On-site

DTCC
Finance and Insurance • 1 - 5K employees
Learn more about DTCCexternal

$27 - $40/hr

Full-time

Posted 17 days ago

Job description


Build Your Future at DTCC
As a Model Risk Management Intern, you will gain exposure to DTCC's enterprise-wide approach to identifying, measuring, monitoring, and managing model risk. Model Risk Management provides independent oversight of day-to-day model risk management activities and supports front-line units in managing risk related to the design, development, implementation, and use of models. You will support validation, analysis, documentation, and governance activities while building a practical understanding of model risk frameworks and standards.
At DTCC, interns contribute to meaningful work while learning how the financial markets operate behind the scenes. You will be part of a structured summer experience that combines team-based project work, training, feedback, mentorship, and opportunities to connect with leaders and peers.
About the Summer Internship Program
The Summer Internship Program is a 10-week experience designed to build a strong foundation for early-career talent. The program includes orientation, training, manager engagement, feedback milestones, networking, and development experiences that help students explore potential full-time career paths, including EDGE where applicable.
What you will gain
  • Hands-on work connected to real business priorities, not only observation or administrative tasks.
  • Structured orientation and training to help you understand DTCC, the industry, and your business area.
  • Manager support, mentorship, peer connection, and opportunities to build your network.
  • Development experiences focused on communication, feedback, professional skills, and career readiness.
  • Mid-point and final feedback to help you understand your strengths, development areas, and potential next steps.
  • Exposure to DTCC culture, values, and community engagement.

What you will do
Role Responsibilities
In this role, you will support model validation, analysis, documentation, and governance activities while learning how DTCC manages model risk across the enterprise.
  • Prepare, clean, and analyze data used in model validation testing, benchmarking exercises, and related analytical reviews.
  • Develop validation scripts, analytical tools, and process enhancements using programming languages such as Python, R, or similar tools.
  • Perform validation tests and investigate model behavior, assumptions, performance, and results to support effective model risk oversight.
  • Assist in documenting validation findings, observations, conclusions, and supporting analysis in formal reports and governance materials.
  • Participate in team meetings, knowledge-sharing sessions, research efforts, ad hoc projects, and continuous improvement initiatives within Model Risk Management.

What will help you succeed
Required
  • Currently pursuing a bachelor's degree in Risk, Statistics, Economics, Finance, Computer Science, Business and Technology Management, MIS, or a related quantitative field.
  • related field.
  • Expected graduation date: Spring2028
  • Minimum GPA: 3.2
  • Authorization to work permanently in the United States without current or future sponsorship.

Preferred
  • Coursework, projects, prior work, internship, student organization, volunteer, or leadership experience related to the role.
  • Interest in financial services, technology, operations, risk, data, business, or the specific business area.
  • Proficient computer and technical skills (Microsoft office suite - Excel, PowerPoint, Power BI, etc.)

What makes you successful
  • Curiosity, initiative, and willingness to ask questions.
  • Strong communication, organization, and follow-through.
  • Analytical thinking and attention to detail.
  • Ability to use feedback and adapt as you learn.
  • Collaboration, professionalism, and accountability.

Benefits and work model
  • Competitive hourly compensation.
  • Hybrid work model: 3 days in office and 2 days remote, based on team schedule.

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

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