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

NISA Investment Advisors, LLC

Intern

Saint Louis, MO · On-site

$16.50 - $21.75/hr

... risk-controlled investment strategies across fixed income, equities, and derivatives. With $483 ... models used to track earnings, assess company financial profile, compare financial metrics across ...

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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 Sep 15, 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 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.

Intern

Saint Louis, MO • On-site

NISA Investment Advisors, LLC
Finance and Insurance • 201 - 500 employees
Learn more about NISA Investment Advisors, LLCexternal

$16.50 - $21.75/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 15 days ago

Job description

Overview
NISA Investment Advisors, LLC (NISA) partners with world-leading organizations to design, develop, and manage highly customized, risk-controlled investment strategies across fixed income, equities, and derivatives. With $483 billion assets under management ($299 billion in physical assets and $184 billion in derivatives notional value), NISA actively manages risk for institutional investors, providing clarity to complicated challenges and stability in ever-evolving markets. At NISA, we foster a culture that supports both personal and professional growth, providing opportunities to learn from experienced professionals while contributing meaningful work from the outset. We seek candidates who demonstrate strong quantitative and analytical skills, intellectual curiosity, and a collaborative mindset to join our growing teams.
Responsibilities
NISA offers a project-based summer 2027 internship program for college students interested in learning about asset management for some of the largest institutional investors in the world. We tailor intern projects to match the interests of interns with our business needs while providing interns experience in various aspects of investment management. Interns are exposed to the broader firm and relevant market topics through an intern seminar series hosted by senior employees at NISA. Interns will be placed in one of NISA's functional areas where examples of projects include:
Portfolio Management
• Using python or excel to build tools & reports used for alpha trading relative value analysis
• Analyzing and developing proprietary trading tools to facilitate strategy development, trade execution, and performance attribution
Investment Strategies
• Conducting in-depth analysis of proprietary commodity trading strategies using intraday tick-level futures data, aimed at strengthening strategic insights and improving risk-adjusted returns
• Analyzing risk factors and idiosyncratic costs associated with commonly traded market futures (i.e., S&P 500, International Fixed Income Futures)
Credit Research
• Updating Credit Research models used to track earnings, assess company financial profile, compare financial metrics across companies and/or analyze and compare bond spreads
• Participating in earnings calls, new issue calls, sell-side analyst calls, and/or rating agency calls
Client Services
• Assisting client teams with the preparation of client reports and meeting materials
• Researching and analyzing U.S. corporate pension plan data to assess and report on funded status volatility
Operations
• Compiling bank data according to procedures throughout the day, which includes bank statements and collateral data
• Shadowing employees to understand all operational functions and how each group supports other departments at NISA
Qualifications
• Winter 2027 or Spring 2028 undergraduates are preferred
• Bachelor's degree in a strong analytical and quantitative field such as Accounting, Finance, Economics, Mathematics, Financial Engineering, or Computer Science required
• Strong written and verbal communication skills
• Ability to work in a fast-paced environment, both independently and within a team setting
NISA's culture encourages collaboration and innovation. We seek self-motivated, intellectually curious individuals willing to push themselves and others in an environment that celebrates fresh thinking. We equip employees with the resources needed to excel and we encourage personal development. NISA is dedicated to internally cultivating and rewarding talent. Employees at NISA are provided with a wide range of benefits, including health, dental, vision and life insurance options, paid time off, a competitive retirement plan, onsite cafeteria, fitness center, a health and wellness program and an educational assistance program.
NISA is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.

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