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Internship Risk Quant Jobs in Lanham, MD (NOW HIRING)

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Internship Risk Quant information

What is an internship risk quant?

Internship Risk Quants are students or recent graduates who take on temporary roles within financial institutions to assist with quantitative analysis related to risk management. Their main responsibilities include analyzing financial data, developing risk models, and helping identify potential risks for the company. These internships provide hands-on experience with statistical tools, programming, and risk assessment in real-world finance environments. The goal is to prepare interns for full-time quantitative risk analyst roles after graduation.

What types of projects does an internship risk quant typically work on, and how do these projects contribute to the overall risk management strategy of the firm?

Risk Quant interns often work on projects involving data analysis, model validation, and the development of risk assessment tools under the guidance of senior quants. These projects may include tasks such as back-testing risk models, analyzing large datasets to identify potential risk exposures, and automating reporting processes. By contributing to these initiatives, interns help improve the firm's ability to measure and manage financial risks, gaining practical experience with real-world quantitative finance tools and methodologies. Collaboration with teams like trading, risk management, and IT is common, offering interns broad exposure to how quantitative analysis supports strategic decision-making in the organization.

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

To thrive as an Internship Risk Quant, you typically need strong quantitative skills, a solid background in mathematics, statistics, or finance, and progress towards a relevant degree such as in quantitative finance or a related field. Familiarity with programming languages like Python, R, or MATLAB, as well as experience with risk management systems and financial modeling tools, is highly valued. Attention to detail, analytical thinking, and effective communication skills help interns collaborate and present complex findings clearly. These capabilities are critical for analyzing risk data accurately and supporting decision-making in dynamic finance environments.

What is the difference between Internship Risk Quant vs Risk Analyst?

AspectInternship Risk QuantRisk Analyst
Required CredentialsTypically pursuing or recent graduate, some quantitative courseworkBachelor's or master's in finance, economics, or related field; certifications like FRM or CFA often preferred
Work EnvironmentInternship setting, often in financial institutions or asset management firmsFull-time role in banks, hedge funds, or investment firms
Industry UsageCommonly used for entry-level or internship positions in risk managementEstablished role for ongoing risk assessment and management

The main difference is that an Internship Risk Quant is an entry-level, temporary position aimed at gaining experience, while a Risk Analyst is a full-time professional role responsible for ongoing risk evaluation within financial organizations.

What are popular job titles related to Internship Risk Quant jobs in Lanham, MD?

For Internship Risk Quant jobs in Lanham, MD, the most frequently searched job titles are:

What job categories do people searching Internship Risk Quant jobs in Lanham, MD look for?

The top searched job categories for Internship Risk Quant jobs in Lanham, MD are:

What cities near Lanham, MD are hiring for Internship Risk Quant jobs?

Cities near Lanham, MD with the most Internship Risk Quant job openings:

Infographic showing various Internship Risk Quant job openings in Lanham, MD as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 16% Part Time, and 2% Contract. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution.

Summer Associate Internship (Credit Risk Analyst)

Vienna, VA • On-site

Navy Federal Credit Union
Finance and Insurance • 10K+ employees

Full-time

Posted 5 days ago


Navy Federal Credit Union rating

8.1

Company rating: 8.1 out of 10

Based on 276 frontline employees who took The Breakroom Quiz


Job description


The Enterprise Credit Risk team provides independent second-line oversight for all credit union lending activities. The department is responsible for ensuring all lending products operate within the organization's lending risk appetite by providing credit challenge to the first line risk strategy team and business units that originate and manage credit exposure to members of the credit union. In addition, the department ensures credit risk is effectively managed through independent reporting, analysis, and modeling efforts. This independence is part of a critical system of checks and balances to ensure the credit union does not take excessive risk while in pursuit of growth or other financial goals.
This role will be a member of the Credit Risk Analytics, Modeling, and Monitoring team which provides the Enterprise Credit Risk department with all data, analytics, and modeling needs. The purpose of the team is to provide leadership with the best information possible to make empirically informed business decisions.
The Summer Associate will work out of our headquarters office in Vienna, VA alongside seasoned risk professional across multiple consumer lending products including Credit Card, Auto, and Real Estate Lending. Projects will include multiple phases of the analytical life cycle including data extraction and manipulation, data visualization and automation, and decision science analytics. Projects will be tailored to each Summer Associate's education and experience level. In addition to day-to-day activities and longer-term project work, the summer associate will receive formal training in credit risk management to enhance their learning and accelerate their ability to contribute to the team in a meaningful way.
The Summer Associate Program is a 12-week internship program beginning in May 2027 and ending in August 2027. Students will work on impactful projects and meaningful work during their internship. To qualify for this position, applicants must be currently pursuing a degree from an accredited college or university and have an anticipated graduation date of December 2027 or later.
Responsibilities
  • Assist in providing data-driven insights by analyzing historical loan performance data, financial statements, and alternative data sources to identify opportunities for enhancing credit risk strategies
  • Conduct routine research and analysis on wholesale credit and counterparty risk, including evaluating the viability of debt issuers, guarantors, and vendors
  • Analyze annual reports, financial metrics, industry trends, and company performance to assess the creditworthiness of debt issuers
  • Assist in the development of challenger loss forecasting models and track performance metrics through monitoring frameworks and reports
  • Evaluate changes in the financial, economic, regulatory, and competitive environment to determine their impact on creditworthiness
  • Participate in root-cause analyses to uncover key performance drivers and suggest improvements
  • Aid in creating and maintaining monitoring reports to track key credit risk indicators (KRIs) and financial performance
  • Collaborate with cross-functional teams, including product, marketing, and finance, to support risk analysis for product and operational strategies
  • Contribute to the preparation of reports for senior management, highlighting emerging risks and key financial insights
  • Present findings to senior analysts and support executive-level communications on credit and financial risk management decisions
  • Communicate analytical insights effectively within the team to support informed decision-making and strategy execution

Qualifications
  • Currently pursuing a bachelor's or graduate degree in a related field with a quantitative focus
  • Experience with research, analysis, and data manipulation
  • Experience using data and analytic tools such as: Excel, SQL, Tableau, PowerBI, SAS, Python, R, or other data manipulation tools
  • Good communication and presentation skills
  • Comfort working with large datasets and telling stories with data
  • Ability to work independently and think outside of the box
  • Strong strategic, critical, and analytical thinking skills
  • Basic knowledge of financial services a plus

Additional Information
Hours:
  • Monday - Friday, 8:00 AM - 4:30 PM ET

Location:
  • 820 Follin Lane, Vienna, VA 22180

About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
Our approach to careers is simple yet powerful: Make our mission your passion.
  • FORTUNE 100 Best Companies to Work For® 2025
  • Yello and WayUp Top 100 Internship Programs
  • Computerworld® Best Places to Work in IT
  • Newsweek Most Loved Workplaces
  • 2025 PEOPLE® Companies That Care
  • Newsweek Most Trustworthy Companies in America
  • Military Times 2025 Best for Vets Employers
  • Best Companies for Latinos to Work for 2025
  • Forbes® 2025 America's Best Large Employers
  • Forbes® 2025 America's Best Employers for New Grads
  • Forbes® 2025 America's Best Employers for Tech Workers
  • 2025 RippleMatch Campus Forward Award Winner for Overall Excellence
  • Military.com Top Military Spouse Employers 2025
  • 2025 Handshake Early Talent Award

From Fortune. ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.
Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to age, race, sex, color, religion, national origin, disability, veteran status, pregnancy, sexual orientation, genetic information, gender identity or any other basis protected by applicable law.
Accommodations: If you need accommodation or assistance for a qualifying condition to complete the online application (or during any stage of the hiring process), you can contact Navy Federal's Medical Accommodations team at medicalaccommodations@navyfederal.org or by calling 1-888-503-6013. This team cannot provide any information on job postings or application status.
Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position. For additional details regarding compensation and benefits, review the Benefits page of the Navy Federal Career Site.
Protect Yourself from Job Scams: Navy Federal Credit Union jobs are posted on our career site, jobs.navyfederal.org and reputable job boards (e.g., LinkedIn, Indeed). We do not post jobs on social media marketplaces, messaging apps or unverified websites. We will never ask candidates for payment, bank details or personal financial information during the hiring process.
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

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About Navy Federal Credit Union

Sourced by ZipRecruiter

Navy Federal Credit Union, based in Vienna, Virginia, United States, is a significant player in the financial services industry. Their official website is navyfederal.org. With its roots dating back to 1933, it was initially established to provide credit to Navy members. Over the years, Navy Federal has magnified its scope, evolving into a full-service credit union serving all branches of the military, the Department of Defense, veterans, and their families. The company’s core values include integrity, service, education, and leadership. Navy Federal aims to be the most preferred and trusted financial institution serving the military and their families.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Vienna, VA, US

Year founded

1933