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Model Risk Intern Jobs in New York, NY (NOW HIRING)

Crowe

Risk Intern

Manhattan, NY

$27 - $42/hr

Support model and credit risk engagements by helping assess model governance, model inputs, data, documentation, testing results, and risk management practices. * Support regulatory compliance and ...

Crowe

Risk Intern

Manhattan, NY · On-site

$44K - $53K/yr

Support model and credit risk engagements by helping assess model governance, model inputs, data, documentation, testing results, and risk management practices. * Support regulatory compliance and ...

Crowe LLP

Risk Intern

New York, NY · On-site

$27 - $42/hr

Support model and credit risk engagements by helping assess model governance, model inputs, data, documentation, testing results, and risk management practices. * Support regulatory compliance and ...

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All JobsModel Risk Intern JobsModel Risk Intern Jobs in New York, NY

Model Risk Intern information

See New York, NY salary details

$27.9K

$46.6K

$96.3K

How much do model risk intern jobs pay per year?

As of Sep 14, 2026, the average yearly pay for model risk intern in New York, NY is $46,588.00, according to ZipRecruiter salary data. Most workers in this role earn between $35,600.00 and $50,300.00 per year, depending on experience, location, and employer.

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 New York, NY?

The most popular types of Model Risk jobs in New York, NY are:

What cities near New York, NY are hiring for Model Risk Intern jobs?

Cities near New York, NY with the most Model Risk Intern job openings:

Model Risk Intern jobs near you
Infographic showing various Model Risk Intern job openings in New York, NY as of August 2026, with employment types broken down into 80% Full Time, and 20% Temporary. Highlights an 100% In-person job distribution, with an average salary of $46,588 per year, or $22.4 per hour.

Credit Risk Management Department - Risk Analytics Model Intern

Manhattan, NY • On-site

Bank of China Limited, New York Branch
See more jobs at Bank of China Limited, New York Branchexternal

$18/hr

Full-time, Internship

Re-posted 6 days ago

Job description

Introduction

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Overview

The intern will assist senior members in the model team to conduct all business as usual activities. She/he will help collect business/development data, run credit risk ratings/CECL/Stress Test, aggregate model output, conduct data analysis, and also help document models for model risk management purpose (internal model review and audit). She/he will participate in model lifecycle and provide assistance for any finding/regulatory issue (e.g. MRA) remediation.

Responsibilities

Credit Risk Rating

  • Coordinate the requests from FLUs and CRM CA teams, be familiar with the model setup and requirements, and generate the rating reports as required. 

Stress Test

  • Run the quarterly stress tests, aggregate the results, perform in-depth analysis, and prepare the reports. 

Model Risk Governance

  • Update the model docs for ERM reviews, assist the finding remediation, track the finding/issue status. 

Admin duties

  • Help the team lead on various team admin work such as invoice processing, meeting organization and minutes, meeting deck preparation, etc. 
Qualifications
  • Bachelor's degree in Math, Statistics, Physics, Computer Science, Financial Engineering, etc. is required
  • Be familiar with the programming languages such as VBA and Python.
Pay Range

Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.

USD $18.00 - USD $18.00 /Hr.Employment Type: INTERN

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