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Internship Model Validation information

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 in Virginia are hiring for Internship Model Validation jobs?

Cities in Virginia with the most Internship Model Validation job openings:

Internship Model Validation jobs near you

Undergraduate Summer Internship | May-August

Chesapeake, VA • On-site

Flowserve
Manufacturing • 10K+ employees
Learn more about Flowserveexternal

$25/hr

Full-time

Posted 8 days ago

Flowserve rating

8.0

Company rating: 8.0 out of 10

Based on 57 frontline employees who took The Breakroom Quiz

Job description

Undergraduate Summer Internship | May-August

Role Summary

The Undergraduate Engineering Intern contributes to technical projects and daily operations through design support, analysis, documentation, testing, and project coordination. FLS Summer Internships program offers hands-on training with field experts and a Professional Development Program designed to help you develop skills that you can take back to the classroom and into your career.

Based on business needs and candidate interests, internship opportunities may exist within engineering, manufacturing, operations, quality, project, or technical-support teams.

Potential Responsibilities:

  • Support technical design and documentation, including CAD models, drawings, bills of materials, work instructions, job routings, and Engineering Change Orders (ECOs), as applicable.

  • Collect and analyze data, review test results, identify trends, prepare reports, and help validate product or process improvements.

  • Assist engineering laboratories, manufacturing, and shop-floor teams with testing, production support, time studies, process mapping, project tracking, and issue resolution.

  • Contribute to quality, safety, root-cause problem solving, LEAN, process standardization, and continuous-improvement activities.

  • Help ensure work meets engineering standards and applicable customer, contract, quality, schedule, and regulatory requirements.

  • Collaborate with engineering, operations, quality, materials, project management, sales, suppliers, and other partners while providing responsive, customer-focused support.

  • Apply SQDCG principles-Safety, Quality, Delivery, Cost, and Growth-and complete assigned work accurately, safely, and on time.

Required Qualifications & Skills:

  • Currently pursuing an undergraduate Bachelor's degree in Mechanical, Industrial, Manufacturing, Mechatronics, Engineering Technology, or another related engineering discipline, and in good academic standing.

  • Cumulative GPA of 3.2 or higher.

  • Must be an undergraduate student starting junior or senior year in the Fall following the internship.

  • Available for a Summer internship from May through August.

  • Proficiency with Microsoft Office, especially Excel, and the ability to organize, analyze, and clearly present information.

  • Strong problem-solving, analytical, communication, interpersonal, and teamwork skills.

  • Basic mechanical aptitude and comfort working in a hands-on, fast-paced, team-oriented environment that may include office, laboratory, and manufacturing settings.

Preferred Qualifications:

  • Exposure to CAD/CAM tools, engineering drawings, or SolidWorks

  • Prior industrial, manufacturing, laboratory, project, leadership, or internship experience.

What You Can Expect:

  • A meaningful assignment aligned with business needs, your academic background, and your development goals.

  • Hands-on learning, regular feedback, and collaboration with professionals across technical and business functions.

  • Involvement in a professional development program designed to build workplace and career skills.

  • A dedicated mentor who will provide guidance, perspective, and support throughout the internship.

  • Participation in an FLS Cares corporate-giving activity that connects interns with Flowserve's commitment to community impact.

  • Learning at a company that places a strong emphasis on safety, quality, customer focus, continuous learning, and collaboration.

Specific assignments and work environments may vary by host team. Placement is based on business needs, candidate qualifications, interests, and alignment with available internship opportunities.


The pay for this role is $25 per hour.

The pay range for this role is per year.

What Flowserve employees say

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About Flowserve

Sourced by ZipRecruiter

If a culture of excellence, innovation and ownership is what you're searching for, consider putting your experience in motion at Flowserve. As an individual contributor, or as a leader of people, your enterprise mindset will ensure Flowserve's position as the global standard in comprehensive flow control solutions. Here, your opportunity for professional development and industry leading rewards will be supported by our foundational commitments to the values of people first, integrity and safety. Thinking beyond opportunity and reward, at Flowserve, we are inspired by working together to create extraordinary flow control solutions to make the world better for everyone! Flowserve Corporation is a multinational company, and one of the largest suppliers of industrial and environmental machinery such as pumps, valves, end face mechanical seals, automation, and services to the power, oil, gas, chemical and other industries. Flowserve offers competitive pay, annual bonuses, medical benefits on day 1, generous paid vacation time, paid holidays, pension plan, 401(k) and many other excellent benefits. NOTE: Drop the last paragraph

Industry

Manufacturing

Company size

10,000+ Employees

Headquarters location

Irving, TX, US

Year founded

1997

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