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Model Risk Intern Jobs in North Carolina (NOW HIRING)

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Enterprise Intern

Charlotte, NC · Hybrid

$15.75 - $20.25/hr

This is a full-time, six-month internship operating in a hybrid work model based in Fremont, IN ... risk. Our HCM platform, isolved People Cloud, seamlessly connects and manages the employee journey ...

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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 North Carolina?

The most popular types of Model Risk jobs in North Carolina are:

Model Risk Intern jobs near you

Asc Cybersecurity Gov&Risk Analyst - Intern/Co-op Conversion 2027 (Souza)

Duke Energy Corporation

Charlotte, NC • On-site

Full-time

Posted 5 days ago

Duke Energy rating

8.6

Company rating: 8.6 out of 10

Based on 167 frontline employees who took The Breakroom Quiz

10th of 86 rated oil and gas companies

Job description

Important Application Submission Information
In order to ensure your application is successfully received before the job posting expires, please submit your application by 11:59 PM on Thursday, August 13, 2026
More than a career - a chance to make a difference in people's lives.
Build an exciting, rewarding career with us - help us make a difference for millions of people every day. Consider joining the Duke Energy team, where you'll find a friendly work environment, opportunities for growth and development, recognition for your work, and competitive pay and benefits.
This is the first level of the Cybersecurity Governance & Risk Analyst classification hierarchy. Employees at this level solve or assist in solving problems, in single areas of specialization, with general supervision. Incumbents are expected to develop skills, and the ability to work with greater independence. They have knowledge of fundamental concepts and procedures.
Additional Preferred Qualifications
  • Knowledge in validating the organization against policies/guidelines/precedures/regulations/laws to ensure compliance
  • Knowledge in reviewing service performance reports identifying any significant issues and variances, initiating, where necessary, corrective actions and ensuring that all outstanding issues are followed up
  • Ability to evaluate, analyze, and synthesize large quantities of data (which may be fragmented and contradictory) into high quality, fused targeting/intelligence products.
  • Working knowledge of Cybersecurity frameworks such as NIST
  • Knowledge of risk management processes (e.g., methods for assessing and mitigating risk).
  • Able to work effectively with defined direction
  • Demonstrated ability to work independently with supervisory review and direction
  • Excellent listening and communication skills; able to present information in an understandable manner both verbal and written
  • Demonstrated ability to absorb change and continue with positive results
  • Skill in conducting audits or reviews of technical systems.
  • Skill in performing impact/risk assessments.
  • Skill in processing collected data for follow-on analysis.
  • Recognize a possible security violation and take appropriate action to report the incident as required
  • Support necessary compliance activities (e.g., ensure that system security configuration guidelines are followed, compliance monitoring occurs)
  • Provide ongoing optimization and problem-solving support
  • Demonstrates good listening skills and puts forth the effort to understand others points of view. Has the ability to manage confidential information with a high degree of integrity. Responds well to supervisors, is easy to challenge and develop, and is easily coachable. Able to work effectively with defined direction
  • Perform cyber defense trend analysis and reporting.
  • Skill in creating and utilizing mathematical or statistical models.
  • Research current technology to understand capabilities of required system or network.
  • Knowledge of information technology (IT) supply chain security and supply chain risk management policies, requirements, and procedures.

Working Conditions
  • Office Environment

Specific Requirements
  • 0 - 2 years utility, cyber security, auditing, compliance, regulatory or related experience.
  • Duke Energy Intern/Co-op Experience

Travel Requirements
5-15%
Relocation Assistance Provided (as applicable)
No
Represented/Union Position
No
Visa Sponsored Position
No. This is not a Visa Sponsored Position. This role requires the ability to work lawfully in the U.S. without employment-based immigration sponsorship, now or in the future.
Please note that in order to be considered for this position, you must possess all of the basic/required qualifications.
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About Duke Energy

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Duke Energy, a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. Our electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 50,000 megawatts of energy capacity. Our natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. Our company employs 28,000 people.

Industry

Utilities

Company size

10,000+ Employees

Headquarters location

Charlotte, NC, US

Year founded

1904

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