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Model Risk Intern Jobs in Vancouver, BC (NOW HIRING)

Powerex Corp.

Trade Floor Intern

Vancouver, BC · On-site

CA$72K/yr

Powerex Corp. has an opening for a Front Office Summer Intern/Co-op Student. This program is ... Risk management; including financial analysis, research, and modeling - Market Policy and ...

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Model Risk Intern information

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.

Infographic showing various Model Risk Intern job openings in Vancouver, BC as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution.

Trade Floor Intern

Vancouver, BC • On-site

Powerex Corp.
See more jobs at Powerex Corp.external

CA$72K/yr

Full-time

Retirement, PTO

Re-posted 28 days ago

Job description

Powerex Corp. has an opening for a Front Office Summer Intern/Co-op Student. This program is designed for bright, highly analytical individuals who excelled in their high school and post-secondary education, and who are currently in their second or third years of university studies. If you are a self-starter who is passionate about energy and you have excellent organizational, communication, and teamwork skills, this may be an opportunity for you. Powerex intends for Co-op Students to return for future Co-op terms or to a permanent Rotational Analyst role following graduation from university. 

The Co-Op role is varied as it supports numerous teams throughout Powerex. One candidates' rotation may not be the same as another's.  

During your Co-Op term you will support one of the teams within Powerex which will give you exposure to some of the unique aspects of our business:  
- Deal sourcing and assessment 
- Risk management; including financial analysis, research, and modeling  
- Market Policy and Compliance  
- Portfolio management; including monthly updating of financial models and providing support to
management teams 
What We Offer
  • Powerex prides itself on offering a competitive and comprehensive total rewards package, including a flexible benefits package, 3 weeks paid vacation to start, and a defined benefit pension plan - learn more at powerex.com/careers  
  • Dynamic, fast-paced, and team-oriented culture with opportunities for growth and professional development, and a strong commitment to the wellbeing of our employees 
  • Salary $58,000 annualized for Second Year, $72,000 Annualized for Third Year Returning Student 
  • Fantastic location in Downtown Vancouver (on major transit routes, near the Skytrain and Seabus) 
Qualifications & Experience
  • The ideal candidate must be enrolled in a University Degree in a highly analytical program such as Commerce (Finance, Accounting), Economics or Engineering. Other desired qualifications/experience include:  
Required Attributes / Qualities
  • Naturally high analytical aptitude (e.g. top 5-10% in High School Calculus/Physics with minimal effort)
  • Ability to think critically, with the capacity to multi-task in a high-pressure environment and a desire to learn.
  • Advanced Excel, Word and PowerPoint skills
  • Self-aware, humble, and intellectually curious
  • Adaptable to rapidly changing constraints, with quick-thinking skills and an innate sense of urgency 
  • Energized by learning new things and engaging across a wide range of issues 
  • Logical Thinker 
  • Someone who recognizes each person plays a role in the success of a team
  • Competitive as a team member, but not in competition within the team 
  • Highly organized, detail-oriented, resilient, and determined
  • Exceptional interpersonal, verbal communication, and negotiation skills
  • Demonstrated leadership qualities
Preferred Attributes / Qualities
  • AP Level courses in High School or equivalent (Calculus, Physics, Statistics and Economics)
For more information on Powerex and why we believe we are a great company to work for, have a look at our website powerex.com If you feel up to the challenge, and want to experience the energy and achieve the extraordinary, we would love to hear from you. Please submit your resume, cover letter, and completed questionnaire via our Careers page. 
Final hiring decisions are ultimately made by humans. We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. If you would like more information about how your data is processed, please contact us.
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