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Internship Risk Engineer Jobs in Illinois (NOW HIRING)

Inizio Partners

Credit Risk Analyst

Chicago, IL

... Engineering, related quantitative field, equivalent internship, or research experience. * In lieu ... risk coverage function at a large financial institution. * Knowledge and use of statistical ...

PSC Biotech

CQV Engineer

Chicago, IL · On-site

Experience with validation lifecycle management and risk-based approaches. Excellent analytical and ... Accordingly, the Company prohibits discrimination against qualified employees, interns and ...

PSC Biotech

CQV Engineer

Chicago, IL · On-site

Experience with validation lifecycle management and risk-based approaches. * Excellent analytical ... Accordingly, the Company prohibits discrimination against qualified employees, interns and ...

Gotion, Inc.

Junior Equipment Engineer

Manteno, IL · On-site

Participate in safety inspections, risk assessments, and improvement initiatives as assigned ... Internship or project experience with automated production equipment * Basic exposure to PLCs, HMIs ...

Quanta Services

Design Engineer - Civil

Chicago, IL · On-site +1

Work with project management and engineering leadership to manage project risk * Communicate ... Required 2.5+ years of relevant experience (not internships) * US driver's license and US work ...

Ampacity

Design Engineer - Civil

Oak Brook, IL · On-site +1

$75K - $100K/yr

Work with project management and engineering leadership to manage project risk * Communicate ... Required 2.5+ years of relevant experience (not internships) * US driver's license and US work ...

Gotion, Inc.

Junior Equipment Engineer

Manteno, IL · On-site

Participate in safety inspections, risk assessments, and improvement initiatives as assigned ... Internship or project experience with automated production equipment * Basic exposure to PLCs, HMIs ...

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Internship Risk Engineer information

What is the difference between Internship Risk Engineer vs Risk Engineer?

AspectInternship Risk EngineerRisk Engineer
Required CredentialsTypically pursuing or recently completed a relevant degree; internships may not require certificationsProfessional certifications like ASP, ARM, or PE often preferred
Work EnvironmentEntry-level, supervised, and learning-focused roles within companies or consulting firmsFull-time, experienced roles involving risk assessment, analysis, and mitigation strategies
Employer & Industry UsageUsed by companies during internship programs to train future risk professionalsUsed by industries such as insurance, construction, manufacturing, and energy for ongoing risk management

The main difference is that an Internship Risk Engineer is an entry-level, learning position often held by students or recent graduates, while a Risk Engineer is a full-time professional responsible for assessing and managing risks in various industries. Internships serve as a stepping stone toward becoming a full Risk Engineer with more responsibilities and certifications.

What are the most commonly searched types of Risk Engineer jobs in Illinois? The most popular types of Risk Engineer jobs in Illinois are:
What cities in Illinois are hiring for Internship Risk Engineer jobs? Cities in Illinois with the most Internship Risk Engineer job openings:
Internship Risk Engineer jobs near you

Credit Risk Analyst

Inizio Partners

Chicago, IL

Full-time

Posted 4 days ago

Job description

Credit Risk Analyst

Chicago, Illinois, United States

About the Job Credit Risk Analyst

Role: Consumer Credit Risk Analyst

This position within Corporate Risk Management is responsible for the oversight of consumer credit policy through effective planning and execution of ongoing and periodic Consumer Credit Reviews across the life cycle of consumer lending products. Primarily, the incumbent is responsible for providing an independent view on asset quality and the key consumer credit risks of the firm's consumer lending practices.

The resource will have a strong knowledge of credit risk management processes, credit strategy development process and regulatory expectations towards safety and soundness. This individual will have skills and experience to lead Consumer Credit Reviews, provide oversight on review activities and deliver the review results including identification of issues and overseeing the reporting of the review results to relevant stakeholders and credit governance committees.

Responsibilities will also include evaluating and monitoring consumer credit risk appetite, tolerance, and thresholds. Also defines the process for monitoring the performance of the consumer credit portfolio and performs reviews of credit risk strategies, while evaluating trade-offs among key business metrics, such as credit losses, receivables, and profit. This will necessitate identifying, designing, and implementing complex business analyses in support of Consumer Credit Reviews and business strategy.

Responsibilities

  • Develops Consumer Credit Review plan using a risk-based approach and executes the Consumer Credit Reviews across all consumer lending products covering credit cards, personal loans, and home equity loans), including performing a risk assessment on the overall portfolio. Collaborates with credit strategy teams to mitigate any identified credit risk concerns. Reports finding through the appropriate, established governance processes.
  • Interacts with business partners, senior management, governance committees, and regulators to present (both orally and written) Consumer Credit Review assessment results and analytic findings in a clear, complete, and concise manner.
  • Develops, manages, and maintains reporting and oversight of consumer credit risk appetite, tolerance, and thresholds. This includes the awareness of consumer credit strategies and the implications of changes in strategy to the profitability of the enterprise.
  • Develops and maintains credit-risk oversight processes, policies, and procedures in accordance with the overall Corporate Risk Management framework and system.
  • Implements and maintains independent credit risk portfolio reporting across all consumer lending products.

Minimum Qualifications

  • Master's Degree in Statistics, Economics, Engineering, Finance, or related quantitative field
  • 8+ years of experience in Statistics, Economics, Engineering, related quantitative field, equivalent internship, or research experience.
  • In lieu of a degree, 15+ years of experience in credit card, or related financial services industry

Preferred Qualifications

  • Ph.D. in Statistics, Economics, Engineering, Finance, or related quantitative field.
  • 10+ years of experience in Statistics, Economics, Engineering, related quantitative field, equivalent internship, or research experience.
  • 10 + years of experience in credit review, credit risk management, or internal audit credit risk coverage function at a large financial institution.
  • Knowledge and use of statistical packages such as SQL, SAS, Python, or other tools to mine, extract complex consumer and transaction level data on big data and/or cloud computing platforms.

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