ZipRecruiter

Log In

1

Model Risk Intern Jobs in Stony Brook, NY (NOW HIRING)

Synchrony

BLP Intern - Risk

Stamford, CT · On-site

$16 - $21.25/hr

During the summer, each BLP Intern is provided with project work that is important to our business ... Model Market and Liquidity Risk What do we look for in all potential BLP Interns? * Ability to ...

Synchrony

BLP Intern - Data Analytics

Stamford, CT

... models to predict customer behavior. You will work with large and complex datasets to: * Develop ... Assess the performance of risk initiatives and track the health of our client portfolios * Give a ...

All JobsModel Risk Intern JobsModel Risk Intern Jobs in Stony Brook, NY

Model Risk Intern information

See Stony Brook, NY salary details

$27.7K

$46.3K

$95.6K

How much do model risk intern jobs pay per year?

As of Aug 26, 2026, the average yearly pay for model risk intern in Stony Brook, NY is $46,278.00, according to ZipRecruiter salary data. Most workers in this role earn between $35,300.00 and $50,000.00 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 cities near Stony Brook, NY are hiring for Model Risk Intern jobs?

Cities near Stony Brook, NY with the most Model Risk Intern job openings:

Model Risk Intern jobs near you

BLP Intern - Risk

Synchrony

Stamford, CT • On-site

$16 - $21.25/hr

Full-time

Re-posted 10 days ago

Job description

Business Leadership Program Internship Overview:

Synchrony's Business Leadership Program Summer Internship is a 10-week paid assignment in one of our 10 Tracks. During the summer, each BLP Intern is provided with project work that is important to our business, and we'll look to you to challenge us and contribute to driving innovation for our future. Beyond the assignment, BLPs gain the full Synchrony Experience with an immersive orientation during Week 1, the Intern Summer Series to meet and network with leaders around the business, and ongoing support from a team and mentors who are invested in your success.


Risk Management BLP Internship Experience: What You'll Accomplish


This internship is for students who are looking to get a critical jump start on a career in Risk Management, working side by side with our experts in the function to gain valuable hands-on experience. Risk Management provides an independent assessment of Synchrony's risks through establishing the risk limits of the company and measuring to ensure the business operates within those limits. We ensure that all relevant risks in our business activities are appropriately identified, measured, monitored and controlled.

In the Risk Management BLP Internship, you may gain exposure across our business functions, as well as across our Risk functions below, challenging teams on their actions to ensure they fully understand their risks.

  • Credit Risk

  • Operational Risk, including Model Risk

  • Compliance

  • Strategic Risk

  • Model Market and Liquidity Risk

What do we look for in all potential BLP Interns?

  • Ability to effectively work independently and within collaborative teams

  • Proven leadership both inside and beyond the classroom

  • Strong project management and communication skills

  • Demonstrated flexibility, adaptability, and passion for learning

  • Passion for excellence with high integrity and a commitment to quality

  • Relevant experience or demonstrated interest in area of work


Desired Characteristics for the Risk Management Track

  • Analytical and problem-solving skills

  • Intellectual curiosity

  • Ability to synthesize complex information

  • Critical reasoning, problem-solving and creative thinking

  • Strong leadership skills, including the ability to lead projects of varying scope

  • Finance or accounting knowledge/experience

  • Strong work ethic, passion for excellence with high integrity, and commitment to quality

Basic Qualifications & Requirements

  • Pursuing a Bachelor's degree in Risk Management (preferred), Actuarial Science, Analytics, Economics, Mathematics, Statistics, Finance or other relevant major

  • Excellent academic record - Minimum overall 3.0 GPA

  • Available for 10 consecutive weeks during Internship (June - August)

  • Must be able to work minimum of 40 hour week


Additional Eligibility Requirements

  • You must be 18 years or older

  • Any offer of employment is conditioned upon the successful completion of a background investigation and drug screen.

  • You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.

  • Geographic mobility: Ability to relocate based on program or business direction

Participants will receive full relocation benefits (if moving 50 miles or more) and fully furnished housing. For additional details about our BLP Summer Internship benefits, visit www.synchronyuniversity.com.

Our Commitment

When you join us, you'll be part of a diverse, inclusive culture where your skills, experience, and voice are not only heard-but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we're building a future where we can all belong, connect and turn ideals into action. Through the power of our 8Diversity Networks+, with more than 60% of our workforce engaged, you'll find community to connect with and find opportunity to go beyond your passions.

This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Reasonable Accommodation Notice:

  • Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.

  • If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627. Representatives are available from 8am - 5pm Monday to Friday, Central Standard Time.

Our Way of Working:

We're proud to offer you flexibility. At Synchrony, our way of working allows you to have the option to work from home near one of our Hubs or come into one of our offices.You will be required to commute to your nearestHub (either virtual or physical) for in-person engagement activities such as regularbusiness or team meetings, training and culture events.

*Field Sales and some Commercial team roles may have varied location requirements based upon partner obligations or preferences.

Eligibility Requirements:

  • You must be 18 years or older

  • You must have a high school diploma or equivalent

  • You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process

  • You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.

  • New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles. Once this new hire time in position requirement is met, the associate will have a minimum 6 months' time in position before they can post for future non-exempt roles. Employees, level 8 or greater, must have at least 18 months' time in position before they can post. All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don't meet the time in position or performance expectations).

Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening.All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Our Commitment:

When you join us, you'll be part of an inclusive culture where your individual skills, experience, and voice are not only heard - but valued. Together, we're building a future where we can all belong, connect, and turn ideals into action. More than 50% of our workforce is engaged in our Employee Resource Groups (ERGs), where community and passion intersect to offer a safe space to learn and grow.

This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status. We're proud to have an award-winning culture for all.

Reasonable Accommodation Notice:

  • Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.

  • If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627. Representatives are available from 8am - 5pm Monday to Friday, Central Standard Time

Job Family Group:

Risk Management

Apply