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Internship Risk Quant information

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 types of projects do Risk Quant interns 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 Internship Risk Quants?

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 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.

More about Internship Risk Quant jobs
What cities are hiring for Internship Risk Quant jobs? Cities with the most Internship Risk Quant job openings:
What are the most commonly searched types of Risk Quant jobs? The most popular types of Risk Quant jobs are:
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What job categories do people searching Internship Risk Quant jobs look for? The top searched job categories for Internship Risk Quant jobs are:
Infographic showing various Internship Risk Quant job openings in the United States as of May 2026, with employment types broken down into 47% Full Time, and 53% Part Time. Highlights an 3% Physical, and 97% Remote job distribution.
Senior Associate, Market Risk Execution

Senior Associate, Market Risk Execution

SoFi

New York, NY โ€ข On-site

Full-time

Posted 19 days ago


Job description

Employee Applicant Privacy Notice
Who we are:
Shape a brighter financial future with us.
Together with our members, we're changing the way people think about and interact with personal finance.
We're a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we're at the forefront. We're proud to come to work every day knowing that what we do has a direct impact on people's lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.
The role:
We are seeking a Market Risk Execution Associate in the Treasury team to support the management of market risk across the company's balance sheet, with a primary focus on mortgage-related assets and associated hedging activities. This role will help execute Treasury's risk management strategy by monitoring exposures, supporting hedge implementation, analyzing hedge effectiveness, and assisting with daily risk reporting tied to retained mortgage positions.
The ideal candidate is analytically strong, detail-oriented, and interested in fixed income markets, mortgage products, and balance sheet risk management. This person will work closely with Treasury, Capital Markets, Finance, Accounting, and Risk teams to help manage interest rate, spread, convexity, and pipeline-related risks arising from on-balance sheet mortgages.
What you'll do:
  • Assist in the design, implementation, and rebalancing of hedging strategies using approved instruments, including derivatives and cash market hedges.
  • Prepare daily and weekly risk reports covering hedge positions, sensitivities, exposure changes, P&L attribution, and hedge effectiveness.
  • Track asset and liability duration, convexity, and key rate exposures across mortgage-related positions.
  • Partner with senior Treasury team members to evaluate hedge needs driven by origination flows, retained production, portfolio runoff, prepayment behavior, and market moves.
  • Help execute hedge transactions within approved policies, limits, and governance frameworks.
  • Support scenario analysis and stress testing for mortgage portfolios under different rate, spread, and prepayment environments.
  • Assist in developing and maintaining risk models, dashboards, and reporting tools used to manage mortgage balance sheet exposure.
  • Work with Finance and Accounting to support hedge documentation, valuation review, and reporting requirements.
  • Maintain awareness of mortgage market trends, rate volatility, Federal Reserve activity, and macro developments relevant to balance sheet hedging.

What you'll need:
Responsibilities include helping measure the risk profile of retained mortgage assets, supporting hedging activity, and ensuring Treasury maintains appropriate protection against adverse market movements. The associate will play a key role in translating portfolio exposure into actionable hedging strategy under the direction of senior Treasury leadership.
  • Bachelor's degree in Finance, Economics, Mathematics, Accounting, Engineering, or a related quantitative field.
  • 1-3 years of experience in Treasury, Capital Markets, market risk, fixed income, mortgage finance, ALM, or a related field; strong internships may be considered.
  • Foundational understanding of interest rates, fixed income instruments, and mortgage products.
  • Familiarity with concepts such as duration, convexity, DV01, key rate risk, spread risk, and hedge effectiveness.
  • Strong analytical and quantitative skills with the ability to interpret market data and portfolio sensitivities.
  • Advanced Excel skills; experience with SQL, Python, VBA, or risk/reporting tools is a plus.
  • Strong attention to detail and ability to manage recurring processes with a high degree of accuracy.
  • Effective communication skills and comfort working cross-functionally in a fast-paced environment.
  • Strong organizational skills and ability to prioritize multiple deadlines.

Nice to have:
  • Exposure to agency/non-agency mortgages, mortgage servicing rights, pipeline hedging, or mortgage-backed securities.
  • Experience supporting hedging activity with swaps, Treasury futures, TBA securities, options, or other interest rate hedging instruments.
  • Familiarity with asset-liability management, funds transfer pricing, or Treasury risk governance.
  • Understanding of hedge accounting and valuation concepts is a plus.

Compensation and Benefits
The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate's experience, skills, and location.
To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!
SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.
The Company hires the best qualified candidate for the job, without regard to protected characteristics.
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
New York applicants: Notice of Employee Rights
SoFi is committed to an inclusive culture. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email accommodations@sofi.com.
Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.
Internal Employees
If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.