Graduate Intern, Systems R&D
CA$48K - CA$64K/yr
... and associated risk control assessment. - Understand and follow proper procedures and best ... any CAD modeling software. - Experience in programming and basic of SDLC - Debugging skills on ...
New
Graduate Intern, Systems R&D
CA$48K - CA$64K/yr
... and associated risk control assessment. - Understand and follow proper procedures and best ... any CAD modeling software. - Experience in programming and basic of SDLC - Debugging skills on ...
New
Zurich follows a hybrid work model requiring three days per week of in-person office presence. What you will do Support financial and risk analysis for publicly traded, privately held, and ...
Zurich follows a hybrid work model requiring three days per week of in-person office presence. What you will do Support financial and risk analysis for publicly traded, privately held, and ...
Model Risk Intern information
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.
Job description
Work Flexibility: Hybrid
BASIC FUNCTION
-This role will support the systems team with cross-disciplinary solutions for an Endoscopy product.
- It will be a mix of design/testing (40%), and technical writing/meetings/quality management system
development (60%).
- This 8-month co-op term is preferably aimed at applicants in their 3rd or 4th year of a Biomedical, Electrical,
Integrated, Mechatronics (or similar) program. It would be advantageous to have completed a previous co-op
term.
- This position is not a remote only position, it may be hybrid depending upon the nature of projects.
- This position provides an opportunity to learn about the design requirements of medical devices and how to
define product and platform them, with the successful applicant participating in activities including writing
requirements, designing test fixtures or tools, and prototyping.
RESPONSIBILITIES
-Primarily: assisting with the design of various aspects of an Endoscopy product offering.
- Evaluating design options and bench testing to determine acceptability criteria and optimal solutions given
constrained timelines.
- Providing progress updates in design reviews as required.
- Supporting prototyping and new product development.
- Designing and building test fixtures and jigs in support of verification and product testing, as needed.
- Producing DHF documentation such as requirements, protocols and test reports.
- Additional responsibilities may include assisting in assembly of prototype devices, development of optomechanical
jigs & fixtures, research on injection molding methods & materials, and supporting the project
manager as required.
GENERAL:
While working with a team of engineers and under the supervision of a senior engineer, the co-op will be
expected to engage on some of the following types of activities:
- Quality Management System DHF/DMR development on new and existing products, including documentation,
meetings, and liaising across cross-functional teams.
- Participate in front-end conceptual design and engineering activities on new products.
- Sourcing components and identifying appropriate vendors.
- Product and component testing both in the form of early laboratory prototypes and final, formal product
verification testing.
- Design of test setups and testing conditions to investigate options for improving device performance.
- May work with vendor engineers to design systems, and during early design stages to perform evaluations
and experiments.
- Participate in design reviews, risk management and associated risk control assessment.
- Understand and follow proper procedures and best practices; work with senior engineers to improve them.
- Actively contribute to and respect team decisions; strive for and abide by consensus; operate within Company
core values.
- Contribute to project planning and commit to deliverable goals. Proactively report progress to project
management and R&D management when required.
- Take direction as needed from senior engineers and R&D managers; complete most tasks with minimal
guidance; use resources responsibly and effectively.
- Proactively seek out senior technical leaders and managers as necessary.
QUALIFICATIONS
PHYSICAL REQUIREMENTS
- Sedentary work: Exerting up to 10 kilograms of force occasionally and/or a negligible amount of force
frequently to lift, carry, etc. generally involves sitting most of the time.
- Must be able to communicate with groups of people.
- Must be able to review printed materials.
- Ability to use common office equipment.
MENTAL REQUIREMENTS
- Self-managed, self-motivated, with excellent hands-on problem-solving skills.
- Must be able to generate and explain design objectives.
- Must be able to complete detailed documentation accurately. Astute attention to detail.
- Must demonstrate creative thinking and paper-based problem-solving ability.
- Must be able to review and troubleshoot designs and provide constructive feedback. Listens to others within
the team environment to understand their thinking.
SKILLS/EXPERIENCE REQUIRED
- Self-managed and self-motivated work ethic is critical given the nature of position (some remote work, largely
without constant oversight)
- Hands-on problem-solving skills
- Fluent with MS Office applications (Word, Excel, etc.).
- Experience in any CAD modeling software.
- Experience in programming and basic of SDLC
- Debugging skills on basic EE, SW and Assembly
- Excellent written and verbal communication skills.
- Proven ability to write procedures and present complex problems and solutions.
EDUCATION/TRAINING REQUIRED
- Enrolled in an engineering program - preferably 3rd or 4th year of an Engineering program (EE, Biomedical,
Integrated, Biomechanics, or similar)
- Available for an 8-month co-op term at minimum
Canada Pay Ranges:
- Canada: $44,500 - $59,300 CAD Annual
- Canada, Burnaby: $48,300 - $64,350 CAD Annual