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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 ...

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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 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 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 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 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:
Electrical Engineer (Intelligence Center) with Security Clearance

Electrical Engineer (Intelligence Center) with Security Clearance

MITRE Corporation

Chantilly, VA • On-site

$173K - $216K/yr

Other

Posted 2 days ago

New


Job description

Why choose between doing meaningful work and having a fulfilling life? At MITRE, you can have both. That's because MITRE people are committed to tackling our nation's toughest challenges-and we're committed to the long-term well-being of our employees. MITRE is different from most technology companies. We are a not-for-profit corporation chartered to work for the public interest, with no commercial conflicts to influence what we do. The R&D centers we operate for the government create lasting impact in fields as diverse as cybersecurity, healthcare, aviation, defense, and enterprise transformation. We're making a difference every day-working for a safer, healthier, and more secure nation and world. Our workplace reflects our values. We offer competitive benefits, exceptional professional development opportunities for career growth, and a culture of innovation that embraces adaptability, collaboration, technical excellence, and people in partnership. If this sounds like the choice you want to make, then choose MITRE - and make a difference with us. The MITRE Corporation's National Space Program operates at the intersection of technological innovation and deep domain expertise. Our mission is to engineer end-to-end solutions for organizations developing, deploying, and operating next-generation space capabilities. By leveraging systems engineering, advanced analytics, and cross-cutting research, we mitigate risk and accelerate modernization across the entire space life cycle. Ultimately, the National Space Program serves as a foundation for global mission assurance. By reinforcing the digital and physical infrastructure underpinning space superiority, we empower operators to execute their objectives with absolute confidence-ensuring the success of critical national security, civil, and defense missions. Roles & Responsibilities: * Provide subject matter expertise in antennas and antenna systems and/or RF components and systems using a mix of modeling/simulation and experimental measurements
* Solve technically challenging problems in the areas of communications, signals collection, and remote sensing
* Independently conduct technical studies/analysis/experiments/simulations and author report findings
* Provide ongoing technical consultation and advice to management, customers, and contractors. Take initiative to inform management of perceived technical problems and/or opportunities and provide recommended courses of action Basic Qualifications: * Typically requires a minimum of 10 years of related experience with a Bachelor's degree; or 8 years and a Master's degree; or 5 years and a PhD
* A bachelor's degree from an accredited program in Electrical Engineering or a related technical field * Strong understanding of RF design principles, signal propagation, and electromagnetic field theory * Familiarity with wireless communication links, including link budget analysis, modulation techniques, and frequency allocations * Strong technical writing skills for preparing documentation, reports, and presenting findings to cross-functional teams
* Active TS/SCI clearance with a polygraph
* U.S. Citizenship required
* This position has an on-site requirement of 5 days a week on-site Preferred Qualifications: * Advanced technical degree, Master of Science or PhD, in Electrical Engineering or another related discipline with a focus on Communication Theory, Digital Signal Processing, or another related field * Experience in the modeling, design, fabrication, and test of various antenna types (e.g., horn, patch, phased array)
* Experience with electromagnetic and RF simulation software tools
* Experience in common and relevant programming languages (e.g., MATLAB, Python) for data analysis, scripting, or building custom analysis tools This requisition requires the candidate to have a minimum of the following clearance(s):
Top Secret/SCI/Polygraph This requisition requires the hired candidate to have or obtain, within one year from the date of hire, the following clearance(s):
Top Secret/SCI/Polygraph Salary compensation range and midpoint:
$173,200 - $216,500 - $259,800 Annual Work Location Type:
Onsite Commitment to Non-Discrimination All qualified applicants will receive consideration for employment without regard to disability, status as a protected veteran or any other status protected by applicable federal, state, local or international law. MITRE intends to maintain a website that is fully accessible to all individuals. If you are unable to search or apply for jobs and would like to request a reasonable accommodation for any part of MITRE's employment process, please email for general support and for intern positions. This service is for individuals requiring reasonable accommodation requests. Please note that vendor solicitations will not receive a reply. Benefits information may be found here . Copyright © 1997-2026, The MITRE Corporation. All rights reserved. MITRE is a registered trademark of The MITRE Corporation. Material on this site may be copied and distributed with permission only.

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About MITRE

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Why choose between doing meaningful work and having a fulfilling life? At MITRE, you can have both. That's because MITRE people are committed to tackling our nation's toughest challenges-and we're committed to the long-term well-being of our employees. MITRE is different from most technology companies. We are a not-for-profit corporation chartered to work for the public interest, with no commercial conflicts to influence what we do. The R&D centers we operate for the government create lasting impact in fields as diverse as cybersecurity, healthcare, aviation, defense, and enterprise transformation. We're making a difference every day-working for a safer, healthier, and more secure nation and world. Our workplace reflects our values. We offer competitive benefits, exceptional professional development opportunities, and a culture of innovation that embraces diversity, inclusion, flexibility, collaboration, and career growth. If this sounds like the choice you want to make, then choose MITRE-and make a difference with us. MITRE is a trusted operator of federally funded research and development centers and we're on a mission to make the world a safer place-for all of humanity, today and in the future. To deliver on our mission, we need the world's best talent and leaders-groundbreakers and partnership-builders on a global scale in areas like healthcare, artificial intelligence, critical infrastructure resiliency, pandemic management, and cybersecurity. In return, we have the privilege of backing you with thousands of technical experts in diverse fields, a culture of innovation and knowledge sharing, access to data and resources uniquely available to MITRE through our wide-ranging partnerships across government, industry and academia.

Industry

It services

Company size

5,001 - 10,000 Employees

Headquarters location

McLean, VA, US

Year founded

1958

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