As an intern, you will partner with Junior and Senior Traders to learn, assist and interact first ... Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
As an intern, you will partner with Junior and Senior Traders to learn, assist and interact first ... Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
As an intern, you will partner with Junior and Senior Traders to learn, assist and interact first ... Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
Quick apply
As an intern, you will partner with Junior and Senior Traders to learn, assist and interact first ... Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
Quantitative Trader Intern
Chicago, IL · On-site
As an intern, you will partner with Junior and Senior Traders to learn, assist and interact first ... Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
Quantitative Trader Intern
Chicago, IL · On-site
As an intern, you will partner with Junior and Senior Traders to learn, assist and interact first ... Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
Ocean Tomo Summer Internship
Chicago, IL · On-site
$20 - $30/hr
... strategy and risk management consulting; mergers and acquisitions; debt and equity private ... As an intern, you may be engaged in financial modeling, research, and report composition. We work ...
Quick apply
Ocean Tomo Summer Internship
Chicago, IL · On-site
$20 - $30/hr
... strategy and risk management consulting; mergers and acquisitions; debt and equity private ... As an intern, you may be engaged in financial modeling, research, and report composition. We work ...
Summer Internship
$20 - $30/hr
... strategy and risk management consulting; mergers and acquisitions; debt and equity private ... As an intern, you may be engaged in financial modeling, research, and report composition. We work ...
Summer Internship
$20 - $30/hr
... strategy and risk management consulting; mergers and acquisitions; debt and equity private ... As an intern, you may be engaged in financial modeling, research, and report composition. We work ...
Ocean Tomo Advisory Summer Internship
$15.50 - $19.75/hr
... strategy and risk management consulting; mergers and acquisitions; debt and equity private ... As an intern, you may be engaged in financial modeling, research, and report composition. We work ...
Ocean Tomo Advisory Summer Internship
$15.50 - $19.75/hr
... strategy and risk management consulting; mergers and acquisitions; debt and equity private ... As an intern, you may be engaged in financial modeling, research, and report composition. We work ...
Ocean Tomo Advisory Summer Internship
Chicago, IL · On-site
$20 - $30/hr
... strategy and risk management consulting; mergers and acquisitions; debt and equity private ... As an intern, you may be engaged in financial modeling, research, and report composition. We work ...
Quick apply
Ocean Tomo Advisory Summer Internship
Chicago, IL · On-site
$20 - $30/hr
... strategy and risk management consulting; mergers and acquisitions; debt and equity private ... As an intern, you may be engaged in financial modeling, research, and report composition. We work ...
Head of Operational Risk, Change Management & Facilities Department: Change Management Title ... Role models in this area consistently focus on the right goals and priorities and continually ...
Head of Operational Risk, Change Management & Facilities Department: Change Management Title ... Role models in this area consistently focus on the right goals and priorities and continually ...
... risk management, operations, technology, and marketing. Job Responsibilities: * Fundamental due diligence on existing and potential investments, including financial modeling and quantitative ...
... risk management, operations, technology, and marketing. Job Responsibilities: * Fundamental due diligence on existing and potential investments, including financial modeling and quantitative ...
... risk management, operations, technology, and marketing. Job Responsibilities: * Fundamental due diligence on existing and potential investments, including financial modeling and quantitative ...
... risk management, operations, technology, and marketing. Job Responsibilities: * Fundamental due diligence on existing and potential investments, including financial modeling and quantitative ...
Manager of Financial Analytics, Corporate FP&A
Rosemont, IL · On-site
$140K - $155K/yr
... models to support trend analysis, scenario planning, and forward-looking risk assessments across ... Manage and develop Senior Financial Analyst and summer Intern, providing coaching, direction, and ...
Manager of Financial Analytics, Corporate FP&A
Rosemont, IL · On-site
$140K - $155K/yr
... models to support trend analysis, scenario planning, and forward-looking risk assessments across ... Manage and develop Senior Financial Analyst and summer Intern, providing coaching, direction, and ...
Manager of Financial Analytics, Corporate FP&A
Rosemont, IL · On-site
$140K - $155K/yr
... models to support trend analysis, scenario planning, and forward-looking risk assessments across ... Manage and develop Senior Financial Analyst and summer Intern, providing coaching, direction, and ...
Manager of Financial Analytics, Corporate FP&A
Rosemont, IL · On-site
$140K - $155K/yr
... models to support trend analysis, scenario planning, and forward-looking risk assessments across ... Manage and develop Senior Financial Analyst and summer Intern, providing coaching, direction, and ...
Manager of Financial Analytics, Corporate FP&A
$140K - $155K/yr
... models to support trend analysis, scenario planning, and forward-looking risk assessments across ... Manage and develop Senior Financial Analyst and summer Intern, providing coaching, direction, and ...
Quick apply
Manager of Financial Analytics, Corporate FP&A
$140K - $155K/yr
... models to support trend analysis, scenario planning, and forward-looking risk assessments across ... Manage and develop Senior Financial Analyst and summer Intern, providing coaching, direction, and ...
Consumer Banker IV (Hyde Park, IL)
Chicago, IL · On-site
$23.56 - $28.37/hr
Maintain all operational and risk management standards * Other duties as assigned to assist clients ... Model the way for peers and coworkers aligned with First Financials Mission and Values. * The CB is ...
Consumer Banker IV (Hyde Park, IL)
Chicago, IL · On-site
$23.56 - $28.37/hr
Maintain all operational and risk management standards * Other duties as assigned to assist clients ... Model the way for peers and coworkers aligned with First Financials Mission and Values. * The CB is ...
Consumer Banker IV (Hyde Park, IL)
Chicago, IL · On-site
$23.56 - $28.37/hr
Maintain all operational and risk management standards * Other duties as assigned to assist clients ... Model the way for peers and coworkers aligned with First Financials Mission and Values. * The CB is ...
Consumer Banker IV (Hyde Park, IL)
Chicago, IL · On-site
$23.56 - $28.37/hr
Maintain all operational and risk management standards * Other duties as assigned to assist clients ... Model the way for peers and coworkers aligned with First Financials Mission and Values. * The CB is ...
... risk, and driving both engagement and adoption. * Organization Design & Workforce Strategy: We ... Model and mentor more junior-level consultants day-to-day in personifying West Monroe values with ...
... risk, and driving both engagement and adoption. * Organization Design & Workforce Strategy: We ... Model and mentor more junior-level consultants day-to-day in personifying West Monroe values with ...
Engineering AI Solutions Co Op
Aurora, IL · On-site
... risk signals. * Analyze and structure existing engineering data (requirements, designs, BOMs, test results) for use in AI models and workflows. * Integrate AI tools into existing engineering ...
Engineering AI Solutions Co Op
Aurora, IL · On-site
... risk signals. * Analyze and structure existing engineering data (requirements, designs, BOMs, test results) for use in AI models and workflows. * Integrate AI tools into existing engineering ...
Evans Scholars
Chicago, IL · On-site +1
$15.50 - $20/hr
... risk evaluation * Assist in the performance of field engineering data collection, environmental ... models, * Coordinating and scheduling of subcontractors * Assist in compilation and refinement of ...
Evans Scholars
Chicago, IL · On-site +1
$15.50 - $20/hr
... risk evaluation * Assist in the performance of field engineering data collection, environmental ... models, * Coordinating and scheduling of subcontractors * Assist in compilation and refinement of ...
Engineering AI Solutions Co Op
Aurora, IL · On-site
... risk signals. * Analyze and structure existing engineering data (requirements, designs, BOMs, test results) for use in AI models and workflows. * Integrate AI tools into existing engineering ...
Engineering AI Solutions Co Op
Aurora, IL · On-site
... risk signals. * Analyze and structure existing engineering data (requirements, designs, BOMs, test results) for use in AI models and workflows. * Integrate AI tools into existing engineering ...
Model Risk Intern information
See Saint Charles, IL salary details
$24.9K - $30.5K
5% of jobs
$32.4K is the 25th percentile. Wages below this are outliers.
$30.5K - $36.1K
59% of jobs
$36.1K - $41.6K
9% of jobs
$42.1K is the 75th percentile. Wages above this are outliers.
$41.6K - $47.2K
17% of jobs
$47.2K - $52.7K
4% of jobs
$52.7K - $58.3K
2% of jobs
$58.3K - $63.8K
3% of jobs
$63.8K - $69.4K
0% of jobs
$69.4K - $75K
0% of jobs
$75K - $80.5K
0% of jobs
$80.5K - $86.1K
0% of jobs
$24.9K
$41.7K
$86.1K
How much do model risk intern jobs pay per year?
As of Jun 27, 2026, the average yearly pay for model risk intern in Saint Charles, IL is $41,654.00, according to ZipRecruiter salary data. Most workers in this role earn between $31,800.00 and $45,000.00 per year, depending on experience, location, and employer.
What is the difference between Model Risk Intern vs Quantitative Analyst Intern?
| Aspect | Model Risk Intern | Quantitative Analyst Intern |
|---|---|---|
| Required Credentials | Typically pursuing or holding a degree in finance, mathematics, or related fields | Similar educational background, often with additional focus on finance or economics |
| Work Environment | Risk management teams within banks, asset managers, or financial institutions | Quantitative research teams in investment firms, banks, or hedge funds |
| Employer & Industry Usage | Common in risk management departments across financial services | Prevalent 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 Saint Charles, IL are hiring for Model Risk Intern jobs? Cities near Saint Charles, IL with the most Model Risk Intern job openings:
Job description
Description
Our Quantitative Traders are passionate about improving the global economy by facilitating risk transfer and restoring order to prices. As an intern, you will partner with Junior and Senior Traders to learn, assist and interact first hand in all facets of trading. The ideal candidate is intellectually curious, competitively driven, and has a disciplined appetite for risk.
Responsibilities
- Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
- Build and maintain quantitative model tools and analytics
- Actively learn and analyze real-time trades
- Engage in formal internship classroom-style education programs and research projects
Requirements
- Pursuing a Bachelor's, Master's, or Doctorate degree in a technical or industry related field such as but not limited to mathematics, statistics or financial engineering with a graduation date between December 2027 and Spring 2028
- Proficiency in Python programming required (1-2 years of experience)
- Required math coursework: Differential Equations, Linear Algebra, Multivariable Calculus, Probability and Advanced Statistics
- Minimum major GPA of 3.5/4 or equivalent scale
- Demonstrated passion for markets, finance, and trading such as but not limited to personal trading, participation in trading competitions, attendance at firm discover days, industry related student groups or clubs and/or prior internship experience preferred
- This position requires physical presence and is onsite at our office in Chicago, IL
View our resources to help prepare for the interview process.
About Transmarket Group
Sourced by ZipRecruiter
Industry
Semiconductor and electronic component manufacturing
Company size
51 - 200 Employees
Headquarters location
Chicago, IL, US
Year founded
1980