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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 ...

Showing results 21-26

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:

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 20 days ago


Job description

Engineer 1
About Us: TechPro Power Group and Companies stand at the forefront of the power industry, offering cutting-edge solutions that optimize power equipment performance and reliability. As part of a family of companies that includes Potomac Electrical Services, Sentinel, Sentinel-TDS, and Switching Systems Solutions, we provide comprehensive services across various sectors.
We are proud to be an employer of choice, recognized for our commitment to creating a positive work environment where innovation, collaboration, and diversity thrive. Our comprehensive services, including upgrades, retrofits, add-ons, refurbishment, and rigorous testing, are designed to meet and exceed the evolving demands of our clients.
Whether you are a skilled technician, an engineer, or a member of our office support team, you'll find a culture that values your contributions and supports your professional growth. Join us and be part of a dynamic team driving the future of the power industry.
Job Title:
Engineer 1
Job Type:
Full Time
Location:
Location May Vary
Location Type:
Onsite
Pay Type:
Salary / Exempt
Risk Category:
Safety-Sensitive
Compensation:
Grade 5: $67,600 to $82,000
Additional Earnings:
May include discretionary bonus
Travel Requirements:
Occasional: 11-25%
Destinations/Regions:
Destinations May Vary
Benefits:
• Health & Wellness including Medical, Dental, Vision and HSA
• 401(k) Retirement Plan Match Contribution
• PTO & Holiday Pay
• Paid Travel Expenses (when applicable)
• Career Advancement Opportunities
Position Overview:
Field Engineer 1 is an entry-level electrical engineering position responsible for supporting electrical engineering design and analysis efforts. The role includes assisting in power system modeling, design documentation, and project support tasks under the supervision of more experienced engineers. This role is ideal for a recent graduate or early-career engineer seeking to gain field experience and technical proficiency in the electrical testing, construction, and industrial services sectors.
How to Apply:
• To join our team, visit our careers page at TechPro Careers and complete your application today. Be sure to upload your resume if you have one. We look forward to learning more about you!
Please Review Key Responsibilities, Requirements & Additional Information Below):
Key Responsibilities:
1. Technical Execution / Engineering Design
• Assist in preparing engineering studies (e.g., load flow, short circuit, arc flash) using software like SKM, ETAP, or EasyPower.
• Support the development and revision of single-line diagrams and schematics.
• Contribute to CAD-based drawing updates under engineer supervision.
2. Field Support / Site Coordination
• Participate in field walkdowns and collect system data for analysis.
• Provide basic support during testing or troubleshooting tasks.
• Ensure accurate documentation of field findings.
3. Project Support & Collaboration
• Assist in coordinating engineering deliverables with internal teams.
• Support project documentation, scheduling, and status updates.
• Collaborate with Engineers, Project Managers, and Technicians.
4. Compliance & Quality Assurance
• Learn and apply relevant industry codes and safety standards (e.g., NEC, NFPA 70E).
• Follow quality control procedures for deliverables.
5. Reporting & Documentation
• Prepare draft reports and documentation for review by senior engineers.
• Maintain accurate and organized engineering files.
6. Professional Judgment & Discretion
• Apply foundational engineering principles to solve routine problems requiring the consistent use of judgment.
• Interpret specifications, standards, and design criteria under guidance from senior engineers.
• Exercise discretion in selecting approaches and adapting methods for assigned tasks.
7. Additional Duties
• Perform other related duties as assigned to support business needs.
• Continuously seek opportunities for professional development and contribute to team-wide learning and growth.
Requirements (Education, Experience, Skills & Attributes):
• Bachelor's degree in Electrical Engineering
• 0-2 years of electrical engineering-related experience
• Basic proficiency in Microsoft Office, AutoCAD, and SKM Power Tools (or similar power systems analysis software such as ETAP or EasyPower)
• Strong communication, problem-solving, and time management skills
• Ability to apply theoretical knowledge from formal education to practical engineering problems.
• Assignments require analysis, interpretation, and adaptation of standard engineering techniques and procedures
• Valid driver's license
Preferred Qualifications:
• Passed or currently registered for the Fundamentals of Engineering (FE) exam
• Holds an Engineer-in-Training (EIT) or Engineering Intern (EI) certification, or eligible to obtain within 12 months
• Internship or co-op experience under the supervision of a licensed Professional Engineer (PE)
• Demonstrated interest in pursuing PE licensure in the future
Physical Requirements:
This job involves both indoor and outdoor work. While performing the duties of this job, the employee is regularly required to:
• Lift, carry and/or move up to 75 pounds repeatedly.
• Climb ladders, staircases, step stools, stand, walk, sit, and operate vehicles for extended periods.
• Bend, stoop, crawl and work in awkward positions or confined spaces for several hours.
The employee may occasionally be required to:
• Work outdoors in varying weather conditions including intense heat/cold, muddy and wet environments.
• Perform precision tasks with instruments and fittings.
• Communicate verbally and in writing.
Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions of this position.
TechPro Power Group is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
This job description outlines the primary responsibilities and qualifications for the position, highlighting the collaborative and essential skills necessary for success. While we aim to provide an accurate depiction of the role, actual duties may vary based on organizational needs and evolving business requirements. These statements describe the general nature and level of work performed and are not an exhaustive list of all responsibilities, duties, and skills required.
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