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Model Risk Intern Jobs in Virginia (NOW HIRING)

$16 - $20/hr

... model risk, fraud risk, data governance, and enterprise-wide risk frameworks. We work across ... Project Support As an intern, you will support projects and initiatives that contribute to ...

As a Quantitative Risk Management Intern within Enterprise Risk Management (ERM), you will apply ... Support model development, validation, monitoring, and evaluation activities across various risk ...

Our Consultant Engineers evaluate risk and reward, calculate potential disaster, and anticipate ... Explore our unique business model and key differentiators through training, research, and first ...

Visa Cybersecurity Team: Visa's Cybersecurity team provides enterprise-wide, risk-based ... Devise and implement deep learning models for building user behavior profiles. This includes data ...

$32 - $48/hr

The Space Object Risk Department (SORD) is the corporation focal point for assessing and mitigating ... Work Model This position will require onsite support for 100% on site in either Chantilly, VA, El ...

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Model Risk Intern information

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 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:

What cities in Virginia are hiring for Model Risk Intern jobs?

Cities in Virginia with the most Model Risk Intern job openings:

Risk Advisory Intern - Summer 2027

Arlington, VA

Grant Thornton
Accounting Services • 5 - 10K employees

$17.25 - $23/hr

Full-time

Posted 9 days ago


Grant Thornton rating

8.3

Company rating: 8.3 out of 10

Based on 9 frontline employees who took The Breakroom Quiz

8th of 23 rated bookkeepers and accountants


Job description

Risk Advisory Interns are responsible for delivering engagements which include business process and information systems controls assessments and testing to support regulatory, compliance, operation and other strategic engagements.  Risk Interns will gain exposure to various areas of the practice by participating as an active member on consulting and compliance projects and by becoming an integral part of the delivery teams. As a Risk Intern your primary responsibility will be executing high quality Risk projects and services from beginning to end under the supervision of experienced Risk leadership. You will be responsible for efficiently managing your workload to budget and learning how to apply technical skills across our various Risk solutions. As a Risk Intern you will have opportunities to build client relationships by developing a deep understanding of our clients' businesses and delivering value through your insight and quality work. In addition, as a Risk Intern, you will focus on continuously developing your technical and professional skills to grow and expand your role in the Risk practice.

As part of our Risk team, you will help our clients assess their internal controls environment via Internal Audit, SOX Readiness / Compliance, and IT compliance or readiness projects. Risk Interns are exposed to various projects across Risk solutions, allowing the Interns to discover the advisory services most suited to their skills and interests. Risk Interns can expect to work closely with other staff, managers, and partners on all phases of the engagement lifecycle including planning, engagement management, and project wrap up. In addition, Interns are expected to actively contribute to Risk business growth by identifying business development opportunities, participating in marketing and brand initiatives, and assisting with development of Grant Thornton thought leadership.

Interested candidates should be self-starters, team oriented and should demonstrate strength in or a desire to build skills related to Grant Thornton's core values of: Collaboration, Leadership, Excellence, Agility, Respect and Responsibility. We are looking for candidates that would like to build a dynamic career marked by continuous skills development and progressive responsibilities.

Risk Interns are hired into either IT Risk or Business Process Risk.

Your day-to-day may include:

IT Risk:

  • Performing detailed analysis to identify and assess compliance or opportunities for improvement, documenting conclusions, and providing recommendations
  • Utilizing and continuously learning new technologies to collaborate with team members and enhance service delivery
  • Utilizing various data collection techniques, selecting appropriate method and prioritization to fit project objectives and deliverables, and applying established analytical models to evaluate data, costs and benefits
  • Evaluate and test IT controls and identify areas of risk
  • Work with risk teams and the client to plan engagement strategy, define objectives, and address IT controls risks and issues
  • Work with teams to learn about how to audit Artificial Intelligence
  • Gain a comprehensive understanding of assigned client operations, processes and business objectives, and then utilize that knowledge on assigned engagements
  • Apply firm methodology and technology to complete risk and control identification/assessment in coordination with your engagement team
  • Gain a further understanding of the various IT frameworks such as NIST, COBIT, and ISO
  • Contribute to the development of other team members through 360 feedback and ongoing collaboration
  • Participate in recruiting efforts as needed
  • Meet or exceed targeted billing hours (utilization)
  • Assist practice leadership in creating proposals, budgets, and work plans
  • Participate in other business development activities as appropriate
  • Other duties as assigned

Business Process Risk:

  • Work with our teams on how to leverage Artificial Intelligence in assignments
  • Apply current knowledge of trends to identify business risk management issues and other opportunities for improvement
  • Evaluate and test business processes
  • Work with risk teams and the client to plan engagement strategy, define objectives, and address business process risks and issues
  • Execute assigned client engagements from start to completion of information systems assessments and/or business process control reviews
  • Gain a comprehensive understanding of assigned client operations, processes and business objectives, and then utilize that knowledge on assigned engagements
  • Apply firm methodology and technology to complete risk and control identification/assessment in coordination with your engagement team
  • Contribute to the development of other team members through 360 feedback and ongoing collaboration
  • Participate in recruiting efforts as needed
  • Meet or exceed targeted billing hours (utilization)
  • Assist practice leadership in creating proposals, budgets, and work plans
  • Participate in other business development activities as appropriate
  • Other duties as assigned

You have the following technical skills or qualifications: 

  • Pursuing a Bachelor's degree in Accounting, Finance (emphasis in Accounting or MIS), Business Management/Administration (emphasis in Accounting or MIS), Data Analytics, Internal Audit, Information Technology, MIS or related field. A Master's degree is a plus.
  • Desire to pursue CPA, CIA, or CISA license/certification preferred
  • Minimum overall and major GPA of 3.0/4.0 preferred
  • Ability to work additional hours as needed and travel as required
  • Interest to work cross functionally throughout different business processes within an organization
  • Excellent analytical, communication (written and verbal) and interpersonal skills
  • Strong technical aptitude and problem-solving skills which can be deployed to solve complex client projects
  • Effective project and time management skills for handling multiple priorities and simultaneous projects 
  • Strong orientation towards life-long learning, continual skills development, and rapid technology adoption
  • Ability to work efficiently and effectively in a complex team environment
  • Desire to pursue applicable professional certification as outlined above
  • Exceptional client service and communication skills with a demonstrated ability to develop and maintain outstanding client relationships
  • Ability to manage multiple engagements and competing priorities in a rapidly growing, fast-paced, interactive, results-based team environment
  • Strong verbal, written, and presentation skills. Additionally, excellent analytical, organizational, and project management skills.
  • Must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. No visa sponsorship is available for this position.  

The hourly rate for this position in the firm's Metro DC - Arlington office is $40.00 per hour.


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About Grant Thornton

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At Grant Thornton, we believe in making business more personal and building trust into every result - for our clients and you. Here, we go beyond your expectations of a career in professional services by offering a career path with more: more opportunity, more flexibility, and more support. It's what makes us different, and we think being different makes us better.

Industry

Accounting services

Company size

5,001 - 10,000 Employees

Headquarters location

Chicago, IL, US

Year founded

1924