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Model Risk Intern Jobs in Bellwood, IL (NOW HIRING)

Jump Trading

Campus Data Engineer (Intern)

Chicago, IL · On-site

$250K/yr

At Jump, research outcomes drive more than superior risk adjusted returns. We design, develop, and ... Strong understanding of data structures and threading models * Ability to work with a team in a ...

Jump Trading

Campus Data Engineer (Intern)

Chicago, IL

$250K/yr

At Jump, research outcomes drive more than superior risk adjusted returns. We design, develop, and ... Strong understanding of data structures and threading models * Ability to work with a team in a ...

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All JobsModel Risk Intern JobsModel Risk Intern Jobs in Bellwood, IL

Model Risk Intern information

See Bellwood, IL salary details

$25K

$41.7K

$86.2K

How much do model risk intern jobs pay per year?

As of Jul 17, 2026, the average yearly pay for model risk intern in Bellwood, IL is $41,730.00, according to ZipRecruiter salary data. Most workers in this role earn between $31,800.00 and $45,100.00 per year, depending on experience, location, and employer.

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 cities near Bellwood, IL are hiring for Model Risk Intern jobs? Cities near Bellwood, IL with the most Model Risk Intern job openings:
Model Risk Intern jobs near you
Change Management: Temporary Junior Analyst (2022 Summer Intern)

Change Management: Temporary Junior Analyst (2022 Summer Intern)

Golub Capital

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Retirement

Re-posted 14 days ago

Job description

Position Information
Hiring Manager:
Head of Operational Risk, Change Management & Facilities
Department:
Change Management
Title:
Temporary Junior Analyst
Function:
2022 Summer Intern
Department Overview
The newly formed Change Management department is responsible for continually helping individuals impacted by "the change" be successful by implementing a systematic change management approach, building support, addressing resistance and developing the required knowledge and ability to implement the change. We help them make successful transitions resulting in changes that are thoroughly and smoothly implemented with lasting benefits.
Position Responsibilities
  • Work on Change Management projects as assigned, including the following: Creating Training Content and Documentation
  • Develops or assists others in end-user communication, instructions, and procedures.
  • Develops training documentation - manuals, reference sheets, FAQs, etc.
  • Assesses training participants' individual learning and recommends training needed to help improve understanding; manage and maintain training catalogue
  • Research and update existing training materials as appropriate
  • Coordinate with support resources to replace outdated documentation on various housing sites

Candidate Requirements
Qualifications & Experience:
  • Sophomore, Junior, or graduate student attending local university interested in Change Management, Data Management, Communication, Business or another related field
  • Ability to work full-time from June to mid-August
  • Working knowledge of PowerPoint and SharePoint
  • Ability to take initiative and work independently, while demonstrating strong teamwork
  • Demonstrate flexibility by adjusting priorities to respond to changing internal/external demands in a very fast paced, growth environment.
  • Strong communication skills, analytical and detail-oriented
  • Experience in design a plus, but not required
  • COVID vaccinations required, subject to applicable local, state and federal law

Critical Competencies for Success
Our Gold Standards Model defines key behaviors and competencies across 4 dimensions: Leadership, Achieving Results, Personal Effectiveness and Thinking Critically. These behaviors and competencies drive our ability to win together.
  • Leadership: Role models in this area consistently focus on the right goals and priorities and continually develop themselves and others. Always team players, they influence and engage with others to contribute to a great culture.
  • Achieving Results: Role models in this area are high achievers who develop careful plans and execute consistently and effectively. They hold themselves and others accountable for delivering high quality results.
  • Thinking Critically: Role models in this area understand our business, rely on analytical reasoning to define and solve problems and make decisions effectively. They are forward thinking, anticipating issues and addressing them in advance.
  • Personal Effectiveness: Role models in this area build strong relationships and communicate effectively. They are driven to exceed expectations and adaptable to changing circumstances.

The department-specific competencies define the knowledge, skills and abilities that are needed to successfully perform the functional or technical work of this role.
  • Change Strategy: Leverages Change Management expertise to develop strategies that support business needs. Applies understanding of value drivers and critical success factors that will positively impact the Firm.
  • Change Industry Knowledge: Leverages Change Management industry knowledge and best practices to facilitate the people side of change.
  • Change Application Excellence: Ensures project success by continually assessing and improving the Firm's change processes based on Firm culture and needs.
  • Project / Program Management: Manages Change Management projects and / or programs through planning, identifying resources, monitoring and communicating project activities and assessing impacts of project decisions.
  • Sponsorship Management: Takes a consultative approach with internal sponsors including building trust and coaching.
  • Communication Excellence: Drives awareness, increases knowledge and desire and mitigates resistance by identifying and implementing key messages.
  • Training Excellence: Drives knowledge and ability for "the change" by identifying learning needs, developing and executing effective training plans.
  • Change Measurement: Collects, analyzes and interprets data to measure adoption, identify trends and develop reinforcement plans.

Compensation & Benefits
Compensation will be commensurate with experience. Golub Capital offers a full range of benefits which includes medical, dental, vision and 401(k).
Golub Capital is an Equal Opportunity Employer.

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