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Model Risk Intern Jobs in Pittsburgh, PA (NOW HIRING)

PNC Wealth Management's segmentation and service delivery model is structured to allow clients with ... Managing Risk - Assessing and effectively managing all of the risks associated with their business ...

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PNC Wealth Management's segmentation and service delivery model is structured to allow clients with ... Managing Risk - Assessing and effectively managing all of the risks associated with their business ...

PNC Wealth Management's segmentation and service delivery model is structured to allow clients with ... Managing Risk - Assessing and effectively managing all of the risks associated with their business ...

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Model Risk Intern information

See Pittsburgh, PA salary details

$24.8K

$41.3K

$85.4K

How much do model risk intern jobs pay per year?

As of Aug 16, 2026, the average yearly pay for model risk intern in Pittsburgh, PA is $41,341.00, according to ZipRecruiter salary data. Most workers in this role earn between $31,600.00 and $44,700.00 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 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.

Data, Modeling, and Analytics Undergraduate Intern

PNC Bank

Pittsburgh, PA • On-site

$25.24 - $42.07/hr

Part-time

Posted 12 days ago


PNC Bank rating

7.7

Company rating: 7.7 out of 10

Based on 345 frontline employees who took The Breakroom Quiz

91st of 171 rated banks


Job description

Position OverviewAt PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company's success. As a Data, Modeling, and Analytics Intern within PNC's Data, Modeling, and Analytics organization, you will be based in Pittsburgh, PA or Tysons, VA.PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.Job Description

As a PNC Intern, you willparticipatein a best-in-class internship program and jump start your career at a top U.S. bank. During this 10-week program you will work directly with PNC's team of quantitative analysts, portfolio managers, and data scientists.You will develop the tools you need to launch a successful career and complement your education with real-world experience.

The Data, Modeling, and Analytics (DMA) Internship Program provides exposure to quantitative and business analytics, data science and modeling, and datadriven decisionmaking across commercial and consumer businesses. Interns work with experienced professionals who transform data into actionable insights to support portfolio management, risk management, capital decisions, and business strategy.

Interns gain exposure to real-world business problems and apply PNC's vast collection of analytical and modeling tools:

  • Generative AI (e.g. GitHub Copilot)
  • Cloud-based platforms (e.g. AWS)
  • Big Data systems (e.g. Apache Hadoop)
  • Application Development (e.g. SQL, Python, R, and Tableau)
  • Quantitative development and deployment environments

Job Profile

  • Participates as an intern in the PNC summer internship program.
  • Performs or assists with the core activities of the group by applying knowledge learned to drive business results (e.g. deal, sales, or process support, internal or external customer interaction, or supporting internal projects). Works under supervision and may have limited approval and/or exception authority.
  • Participates in social learning within the organization (e.g. identifies and networks with business representatives and peers, participates in mentoring, job shadowing and community outreach)

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:

  • Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
  • Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.

To learn more about this opportunity, please watch this video.

Required Education and Experience:

  • Working toward abachelor's degree, preferably STEM or business majors (e.g.Analytics, Data Science, Mathematics, Statistics, Finance, Economics, Business). Other majors can be considered if there is a strong proven interest in analytics.

  • Junior status

  • MinimumGPA 3.2.

  • Experience in data analysis, preferably using SQL, Python, R, and/or Tableau.

Qualifications

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.

CompetenciesAccuracy and Attention to Detail, Analytical Thinking, Effective Communications, Flexibility and Adaptability, Information Capture, Initiative, Products and Services, Self-Directed Growth and DevelopmentWork ExperienceRoles at this level are filled by recent university / college graduates with little or no professional experience, but possessing relevant skills. Includes individuals joining the organization through a Corporate development/ training program. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.EducationNo DegreePay TransparencyBase Salary: $25.24 - $42.07Salaries may vary based on geographic location, market data and on individual skills, experience, and education.Application WindowGenerally, this opening is expected to be posted for two business days from 08/04/2026, although it may be longer with business discretion.Disability Accommodations Statement

If an accommodation is required to participate in the application process, please contact us via email at AccommodationRequest@pnc.com. Please include "accommodation request" in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call 877-968-7762 and say "Workday" for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.


At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.

Equal Employment Opportunity (EEO)


PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.

This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.

California Residents

Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.


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