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Model Risk Intern Jobs in St Louis, MO (NOW HIRING)

All JobsModel Risk Intern JobsModel Risk Intern Jobs in St. Louis, MO

Model Risk Intern information

See St Louis, MO salary details

$24.8K

$41.4K

$85.6K

How much do model risk intern jobs pay per year?

As of Aug 5, 2026, the average yearly pay for model risk intern in St. Louis, MO is $41,401.00, 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.
Model Risk Intern jobs near you

Summer 2027 Intern - Insurance

Marsh & McLennan Companies, Inc.

Chesterfield, MO • On-site

$14.75 - $20/hr

Full-time

Medical, Retirement

Posted 16 days ago

Job description

Company:
Marsh McLennan Agency
Description:
Summer 2027 Intern - Insurance
Our not-so-secret sauce.
Award-winning, inclusive, Top Workplace culture doesn't happen overnight. It's a result of hard work by extraordinary people. The industry's brightest talent drive our efforts to deliver purposeful work and meaningful impact every day. Learn more about what makes us different and how you can make your mark as an Intern at MMA.
Marsh McLennan Agency (MMA) provides business insurance, employee health & benefits, retirement, and private client insurance solutions to organizations and individuals seeking limitless possibilities. With offices across North America, we combine the personalized service model of a local consultant with the global resources of the world's leading professional services firm, Marsh (NYSE: MRSH).
A day in the life.
Marsh McLennan Agency's internship is a comprehensive program that will provide you with real world business, risk management and insurance experience. In our 11-week, rotational program, you will learn to apply classroom concepts through professional project work and client interaction. You'll also develop professional skills that will serve you the rest of your career. MMA's internship program gives you the chance to find your interest and place in the insurance industry while also having fun and participating in engagement events and volunteer opportunities. Our goal is to provide insight into all areas of the insurance industry and act as a springboard into a full-time career in the role you desire. Our internship will focus on the tools needed to build a solid foundation for our Client Management or Sales career pathways.
Our future colleague.
We'd love to meet you if your professional track record includes these skills:
  • High School Diploma or equivalent is required.
  • Ideal candidate will have completed two (2) semesters of college course work studying in an area of business.
  • Cumulative GPA 3.0 minimum

These additional qualifications are a plus, but not required to apply:
  • Some insurance, risk management or finance courses preferred but not required.
  • Legal work authorization to work in the U.S. on a permanent and ongoing basis without the need for sponsorship now or in the future

We know there are excellent candidates who might not check all of these boxes. Don't be shy. If you're close, we'd be very interested in meeting you.
Valuable benefits.
We value and respect the impact our colleagues make every day both inside and outside of work. Our culture promotes colleague well-being through robust benefits programs and resources, professional and personal development opportunities, and fulfillment through meaningful work.
Some benefits included in this role are:
  • Generous time off, including personal and volunteering
  • Tuition reimbursement and professional development opportunities
  • Hybrid work
  • Charitable contribution match programs
  • Stock purchase opportunities

To learn more about a career at MMA, check out our website or flip through our recruiting brochure.
Follow us on social media to meet our colleagues and see what makes us tick:
  • Instagram
  • Facebook
  • X
  • LinkedIn

  • Real Experience - No coffee fetching for you. You'll receive real industry training along with relevant work experience.
  • Learning Opportunities - We host a series of national webinars that introduce you to our industry and our organization. They're designed to set you up for success as an emerging professional, and to help you better understand MMA and our industry.
  • Build Connections - You'll grow your network by working closely with your manager, mentor, and other interns.
  • Develop Career Skillsets - Our interns will work directly with our multiple teams, learning the basics of our world-class insurance programs while supporting the actual clients.
  • Cultivate Industry Relationships - We provide opportunity to meet with a wide variety of our industry partners allowing you to grow your career.

Who you are is who we are.
We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. We are always seeking those with ethics, talent, and ambition who are interested in joining our client-focused teams.
Marsh McLennan and its affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.
#MMAUMW
#LI-Hybrid

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