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Model Risk Intern Jobs in Virginia (NOW HIRING)

Salary / Exempt Risk Category: Safety-Sensitive Compensation : Grade 5: $67,600 to $82,000 ... The role includes assisting in power system modeling, design documentation, and project support ...

Salary / Exempt Risk Category: Safety-Sensitive Compensation : Grade 5: $67,600 to $82,000 ... The role includes assisting in power system modeling, design documentation, and project support ...

Model Risk Intern information

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 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 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 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 the most commonly searched types of Model Risk jobs in Virginia? The most popular types of Model Risk jobs in Virginia are:
Treasury and Risk Management High School Intern

Treasury and Risk Management High School Intern

Stride, Inc.

Reston, VA • On-site

$16 - $17.50/hr

Full-time

Medical, Retirement, PTO

Posted 11 days ago


Job description

Job Description

The Treasury and Risk Intern is responsible for contributing to Treasury Management and Risk Management projects to include cash forecasting, Kyriba support, bank reconciliations, and Insurance support. The intern will learn corporate money and banking skills and provide support on cash forecasts, bank account administration (BAM) and tracking and cash modeling for AP and AR.

  • Bank Administration: Analyze bank service fees and associated services across all banks in Strides wallet.

  • Job Shadowing: Shadow professionals in areas of cash management, cash settlement and insurance management..

  • Investment Analysis: Using portfolio analytical tools such as Clearwater and Kyriba to provide modeling and various metrics reporting to Treasury Team

  • Insurance Management. Support COI process for inbound and inbound. Work with brokers to reconcile COI databases and eliminate obsolete COIs.

  • Bank Recons and Tracking ISP payees: Participate in existing program to research returned payments using AVS bank tool to identify and update payee locations.

  • Other Responsibilities: Perform additional tasks as assigned by Treasury and Risk Team.

MINIMUM REQUIRED QUALIFICATIONS:

  • Currently enrolled in High School

  • Access to reliable transportation

OTHER REQUIRED QUALIFICATIONS:

  • Excellent communication and collaboration skills

  • Strong analytical skills

  • Observational and listening skills

  • Self-motivation and excellent problem-solving skills

  • Detail-oriented and organizational skills

  • Ability to listen effectively, respect others' perspectives and contributions, and offer and accept constructive feedback

  • Microsoft Office (Outlook, Word, Excel, PowerPoint, Project, Visio, etc.); Web proficiency.

  • Ability to clear required background check

DESIRED QUALIFICATIONS:

  • Experience with Accounting/Bookkeeping a plus.

  • Experience with Financial Modeling a plus.

WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • This position is hybrid out of Reston, VA

COMPENSATION & BENEFITS:

We anticipate this position will pay between $16.00 - $17.50 per hour. An individual's compensation can vary based on several factors. These factors include, but are not limited to, geographic location, experience, training, education, and local market conditions. Eligible employees may receive a bonus. Stride offers a robust benefits package for eligible employees that can include health benefits, retirement contributions, and paid time off.

Stride, Inc. considers a person's education, experience, and qualifications, as well as the position's work location, expected quality and quantity of work, required travel (if any), external market and internal value when determining a new employee's salary level. Salaries will differ based on these factors, the position's level and expected contribution, and the employee's benefits elections. Offers will typically be in the bottom half of the range.

Job Type

Intern (Fixed Term) (Trainee)

The above job is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor. All employment is "at-will" as governed by the law of the state where the employee works. It is further understood that the "at-will" nature of employment is one aspect of employment that cannot be changed except in writing and signed by an authorized officer.

If you are a job seeker with a disability and require a reasonable accommodation to apply for one of our jobs, you can request the appropriate accommodation by contacting stridecareers@k12.com.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

Stride, Inc. is an equal opportunity employer. Applicants receive consideration for employment based on merit without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status, or any other basis prohibited by federal, state, or local law. Stride, Inc. complies with all legally required affirmative action obligations. Applicants will not be discriminated against because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.