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Model Risk Intern Jobs in New York (NOW HIRING)

MFA

Intern, Research

Manhattan, NY · On-site

... manage risk, and generate attractive returns throughout the economic cycle. Essential ... Help maintain and update datasets, models, and internal research tools used by MFA. * Collaborate ...

Fortitude Re

Investments Intern

Jersey City, NJ

$15.75 - $21/hr

Support the calculation of cashflows, risk metrics, and other analytics for structured and other ... models to evaluate new and existing investment opportunities. * Collaborate with Investment ...

New

Haize Labs

Research Intern

Manhattan, NY · On-site

$125K - $200K/yr

Research Intern Haize Labs haizes LLMs at scale ... We are the robustness layer eliminating the risk of using language models in any setting. To ...

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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 is a model risk intern?

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 does a model risk intern 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 New York? The most popular types of Model Risk jobs in New York are:
What cities in New York are hiring for Model Risk Intern jobs? Cities in New York with the most Model Risk Intern job openings:
Model Risk Intern jobs near you
Infographic showing various Model Risk Intern job openings in New York as of August 2026, with employment types broken down into 27% Internship, 55% Full Time, and 18% Temporary. Highlights an 100% In-person job distribution.

Intern, Financial Operations & Business Analytics - Fall 2026/Winter 2027

BMW Group

Woodcliff Lake, NJ • On-site

$32.20/hr

Full-time, Internship

Medical, PTO

Re-posted 24 days ago

BMW Group rating

7.7

Company rating: 7.7 out of 10

Based on 190 frontline employees who took The Breakroom Quiz

10th of 44 rated automakers

Job description

Job Title: Intern, Financial Operations & Business Analytics - Fall 2026/Winter 2027
Posting Start Date: 7/31/26
Job Location (Long):
Woodcliff Lake, New Jersey United States
Job Description:
Fall 2026/Winter 2027 Full-Time Internship - Woodcliff Lake, NJ
September 21, 2026 - March 19, 2027
The internship will provide exposure to various aspects of financial reporting, controlling, and accounting within a global automotive finance organization. The intern will have the opportunity to develop skills in:
  • Data analysis
  • Financial Reporting and Controlling
  • Regulatory compliance
  • Cross-functional collaboration

The key focus areas of the internship include developing competencies in financial analysis, data management, process optimization, risk management, internal controls, and business intelligence. The intern will gain hands-on experience working across different functions and collaborating with stakeholders to support the organization's financial operations and strategic decision-making.
WHAT AWAITS YOU.
  • Assist in the coordination, preparation, and submission of monthly, quarterly, and annual financial reporting for various BMW Group companies
  • Help prepare monthly general ledger account reconciliations and provide support for tax planning
  • Help administer ABS servicing for active transactions, including preparing and distributing monthly reports
  • Liaise and collaborate with internal and external stakeholders to provide necessary analyses and supporting materials
  • Monitor and analyze transaction performance and support SEC compliance and external audit requirements
  • Validate risk costs and parameters, assess appropriateness, and reconcile variances
  • Support the preparation of regular and ad-hoc risk reporting for internal and external stakeholders
  • Help analyze and critically review risk models and parameters developed by the Risk Management team
  • Assist in maintaining and enhancing the control environment in compliance with BMW Group guidelines
  • Collaborate cross-geographically to design and implement internal control systems for new processes and systems
  • Assist with in-depth analysis of monthly performance trends, target achievement, and variance analysis
  • Perform advanced analytics using tools like Tableau and SAS to support new business, portfolio, and terminations analysis
  • Contribute to the implementation of a streamlined reporting process that leverages high-quality data and powerful BI tools
  • Participate in data quality assessments, identify, and receive data quality issues, and assist in prioritizing improvements
  • Gather, analyze, and interpret data to solve business problems and support decision-making
  • Opportunity to contribute to two key IT transformation projects underway within the organization

WHAT WE ARE LOOKING FOR.
  • Currently enrolled in a bachelor's or master's degree program at an accredited college or university throughout the internship duration.
  • US Work Authorization required.
  • Minimum cumulative GPA of 3.0 (overall, not just major).
  • Completed at least 60 college credit hours at the time of application.
  • Ability to work full-time (40 hours/week).
  • Must submit an unofficial college transcript with your application.
  • Prior BMW Group experience.

WHAT YOU SHOULD BRING.
  • Field of study: Finance, Business Analytics, or a related field.
  • Business fluent English.
  • Relevant coursework or prior internship experience in finance, accounting, or data analysis.
  • Proficient in Microsoft Office suite, particularly Excel, PowerPoint, and Word.
  • Experience with data visualization tools (e.g., Tableau, Power BI) and creating impactful dashboards and reports.
  • Familiarity with financial reporting and accounting software (e.g., SAP, Oracle Financials).
  • Basic understanding of programming languages (e.g., Python, SQL) for data extraction, manipulation, and analysis.
  • Knowledge of financial modeling and forecasting techniques.

WHAT YOU CAN LOOK FORWARD TO.
  • Medical insurance coverage.
  • Paid time off in addition to company paid holidays where eligible.
  • Hybrid work environment.
  • Access to the Intern Vehicle Lease Program.

Relocation assistance is not available for this position. This is a hybrid role that requires in office days.
Undergraduate students: Hourly rate is $25.30.
Graduate students: Hourly rate is $32.20.
The selected student's academic level will be used to determine the final pay rate. This statement is in accordance with state and local pay disclosure requirements.
As part of the hiring process, you may be required to successfully pass a background check. A satisfactory completion of a background investigation including verification of education, prior employment, criminal history, credit check history, and pre-employment drug screen to the extent permissible under applicable state law, is a condition of your offer of employment and your continued employment. The results of your background investigation are satisfactory and acceptable in the sole judgement and discretion of BMW Shared Services, LLC.
Even more so than the generous compensation and benefits, the culture and values of BMW of North America makes it the ultimate working environment. These values are Responsibility, Appreciation, Transparency, Trust, and Openness. We allow these values to guide the way we conduct ourselves and our business.
BMW in the United States is an equal opportunity employer. It is the policy of BMW Group in the United States to provide equal employment opportunity (EEO) to all qualified persons regardless of age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.

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