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Model Risk Intern Jobs in Indiana (NOW HIRING)

Franklin Electric

Systems Engineering Intern

Fort Wayne, IN · On-site

$16.50 - $21.50/hr

Failure and risk analysis (e.g., DFMEA) * Verification and validation * Use Case development ... Proficiency with MATLAB and/or Python for system modeling, data analysis, or test result evaluation

iSolved

Enterprise Intern

Fremont, IN · On-site

$15.75 - $20.50/hr

... work model based in either Fremont, IN or Dubuque, IA. Core Job Duties * Support enterprise ... risk. Our HCM platform, isolved People Cloud, seamlessly connects and manages the employee journey ...

isolved

Enterprise Intern

Fremont, IN · On-site

$15.75 - $20.50/hr

... work model based in either Fremont, IN or Dubuque, IA. Core Job Duties * Support enterprise ... risk. Our HCM platform, isolved People Cloud, seamlessly connects and manages the employee journey ...

George Junior Republic

Therapist Intern

Columbus, IN · On-site

$14 - $18.50/hr

Founded in 1909, George Junior Republic is dedicated to helping at-risk youth become successful ... Document use of and adherence to evidence-based models and treatment for all services requiring use ...

George Junior Republic

Therapist Intern

Evansville, IN · On-site

$14.25 - $19/hr

Founded in 1909, George Junior Republic is dedicated to helping at-risk youth become successful ... Document use of and adherence to evidence-based models and treatment for all services requiring use ...

George Junior Republic

Therapist Intern

Bloomington, IN · On-site

$13 - $17.50/hr

Founded in 1909, George Junior Republic is dedicated to helping at-risk youth become successful ... Document use of and adherence to evidence-based models and treatment for all services requiring use ...

George Junior Republic

Therapist Intern

Indianapolis, IN · On-site

$14 - $18.75/hr

Founded in 1909, George Junior Republic is dedicated to helping at-risk youth become successful ... Document use of and adherence to evidence-based models and treatment for all services requiring use ...

George Junior Republic

Therapist Intern

Lafayette, IN · On-site

$14.50 - $19.25/hr

Founded in 1909, George Junior Republic is dedicated to helping at-risk youth become successful ... Document use of and adherence to evidence-based models and treatment for all services requiring use ...

George Junior Republic

Therapist Intern

Franklin, IN · On-site

$14 - $18.75/hr

Founded in 1909, George Junior Republic is dedicated to helping at-risk youth become successful ... Document use of and adherence to evidence-based models and treatment for all services requiring use ...

Centerstone

Master Level Intern

Bloomington, IN

$14 - $18.50/hr

SUMMARY OF POSITION Full time position for Master's level therapist INTERN, for rural outpatient ... models who champion best practices for quality, clinical risk, and patient safety.

Centerstone

Master Level Intern

Bloomington, IN · On-site

$14 - $18.50/hr

SUMMARY OF POSITION Full time position for Master's level therapist INTERN, for rural outpatient ... models who champion best practices for quality, clinical risk, and patient safety.

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Model Risk Intern information

What is the difference between Model Risk Intern vs Quantitative Analyst Intern?

AspectModel Risk InternQuantitative Analyst Intern
Required CredentialsTypically pursuing or holding a degree in finance, mathematics, or related fieldsSimilar educational background, often with additional focus on finance or economics
Work EnvironmentRisk management teams within banks, asset managers, or financial institutionsQuantitative research teams in investment firms, banks, or hedge funds
Employer & Industry UsageCommon in risk management departments across financial servicesPrevalent in trading, investment, and financial analysis roles

The Model Risk Intern focuses on identifying, assessing, and mitigating risks associated with financial models, ensuring their accuracy and compliance. In contrast, the Quantitative Analyst Intern typically develops and applies mathematical models for trading, investment strategies, or financial analysis. Both roles require strong quantitative skills and often overlap in educational background, but they serve different functions within financial organizations.

What are Model Risk Interns?

Model Risk Interns are students or early-career professionals who support the model risk management teams within financial institutions or other organizations that rely on quantitative models. Their responsibilities typically include assisting with model validation, documentation, testing, and analysis to ensure models are accurate and compliant with regulatory requirements. They work under the supervision of experienced model risk analysts, gaining hands-on experience in risk assessment, data analysis, and regulatory compliance. This role is ideal for individuals pursuing degrees in mathematics, statistics, finance, or related fields.

What types of projects do Model Risk Interns typically work on, and how do these projects support the overall risk management function?

As a Model Risk Intern, you will often assist with validating financial and statistical models used across various business functions, such as credit risk, market risk, and operational risk. Your projects may include reviewing model documentation, performing sensitivity analysis, and preparing validation reports. These tasks help ensure the accuracy and reliability of models that inform critical business decisions, directly supporting risk management and regulatory compliance. Additionally, you’ll collaborate closely with quantitative analysts, model developers, and risk managers, gaining valuable exposure to cross-functional teamwork in a fast-paced financial environment.

What are the key skills and qualifications needed to thrive as a Model Risk Intern, and why are they important?

To thrive as a Model Risk Intern, a strong background in quantitative analysis, statistics, and finance—often supported by coursework in mathematics, economics, or related fields—is essential. Familiarity with programming languages like Python or R, experience with statistical modeling tools, and knowledge of regulatory guidelines such as SR 11-7 are typically required. Analytical thinking, attention to detail, and clear communication are vital soft skills for explaining complex models and collaborating with stakeholders. These skills ensure accurate model validation, effective risk assessment, and compliance with regulatory standards in financial institutions.
What are the most commonly searched types of Model Risk jobs in Indiana? The most popular types of Model Risk jobs in Indiana are:
Model Risk Intern jobs near you
Systems Engineering Intern

Systems Engineering Intern

Franklin Electric

Fort Wayne, IN • On-site

$16.50 - $21.50/hr

Internship

Posted 21 days ago

Job description

Systems Engineering Intern
Department: Internship
Employment Type: Internship
Location: US - Indiana - Fort Wayne
Description
We are seeking a Senior-Level Systems Engineering Intern to support the development and sustainment of integrated water pumping systems. This role is designed for students who are ready to apply systems engineering principles-requirements, interfaces, system behavior, risk, and verification-to real, fielded products.
The intern will work at the system level, bridging electrical, mechanical, controls, and application domains to understand how subsystems interact and how performance, reliability, and usability are achieved across the product lifecycle.
This role is well suited for students pursuing a Master's degree in Systems Engineering or senior-level undergraduates with strong systems coursework and interest in complex electromechanical systems.
Key Responsibilities
Key Systems Engineering Responsibilities
  • Analyze and understand system-level requirements and how they flow down to motors, drives, controls, and mechanical subsystems
  • Support root cause analysis of field issues by evaluating system behavior across operating conditions, interfaces, and use cases
  • Identify and document system interactions and failure modes using structured methods (e.g., DFMEA, fault trees, causal analysis)
  • Evaluate potential corrective actions and design trade-offs, considering performance, robustness, risk, and user impact
  • Assist in defining and executing system verification and validation activities, including lab testing and field correlation
  • Provide system-focused feedback to improve technical documentation, manuals, and technical bulletins
  • Communicate findings in a clear, structured systems-engineering format to field engineers and cross-functional teams

Technical Execution (Applied Systems Context)
  • Configure and evaluate VFD-motor-pump system behavior across different operating scenarios
  • Analyze control system behavior (e.g., stability, response, limits) in the context of overall system performance
  • Use lab testing to validate hypotheses about system interactions, not just component functionality
  • Support integration and system debug efforts that span controls, electrical, mechanical, and hydraulic domains

Skills Knowledge and Expertise
Required Qualifications
  • Pursuing a Master's degree in Systems Engineering, or senior standing in Electrical, Mechanical, Controls Engineering, or a related field with strong systems emphasis
  • Solid understanding of systems engineering concepts, including:
    • Requirements definition and flow-down
    • System interfaces and integration
    • Failure and risk analysis (e.g., DFMEA)
    • Verification and validation
    • Use Case development
  • Strong analytical and system-level debugging skills
  • Understanding of control system principles, including PID concepts
  • Ability to clearly document and communicate system behavior and trade-offs

Preferred Qualifications
  • Experience with CODESYS-based controls development, including C and ladder logic programming
  • Proficiency with MATLAB and/or Python for system modeling, data analysis, or test result evaluation
  • Coursework or experience with electromechanical systems, including VFDs, motors, or pump systems
  • Familiarity with systems engineering methods, including requirements flow-down, failure analysis, and risk assessment (e.g., DFMEA)
  • Experience translating lab and field data into system-level insights and design recommendations

What You Will Gain
  • Hands-on experience applying systems engineering theory to real-world products
  • Exposure to how system-level decisions impact performance, reliability, and field success
  • Experience working across disciplines to resolve complex, multi-domain issues
  • Opportunity to contribute to products used in demanding real-world applications at Franklin Electric

Franklin Electric Intern Program
As a global company, Franklin Electric offers many opportunities to build your experience and knowledge. Our Intern positions offer responsibility, autonomy, and best-in-class training. The Franklin Electric Intern Program includes networking opportunities, lunch and learns, many opportunities for team building (like the competitive Intern Cornhole Tournament), and a presentation to Senior Leaders and Executives in the company.
Come join our Intern Program where you will not only grow in your career - but you will know you are a part of a company that is making a difference worldwide. Take a look at this video to see our Global Headquarters here in Fort Wayne, Indiana.

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