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Model Risk Intern Jobs (NOW HIRING)

BSI Financial Services

Capital Markets Intern

Irving, TX · On-site

$15.50 - $20/hr

This role provides hands-on exposure to credit risk, loss modeling, and portfolio performance analysis in relation to Mortgage Lending and Servicing. The intern will assist with data-driven ...

Franklin Electric

Systems Engineering Intern

Fort Wayne, IN · On-site

$16.50 - $21.50/hr

Failure and risk analysis (e.g., DFMEA) * Verification and validation * Use Case development ... Proficiency with MATLAB and/or Python for system modeling, data analysis, or test result evaluation

CWCapital

Surveillance Intern

Washington, DC · On-site

$17 - $23/hr

... credit risk of securitized pools of commercial mortgages at the individual asset and loan level ... Excel modeling and analysis of property cash flows across all commercial real estate asset classes ...

Howden Group

Reinsurance Broker Intern (MN)-1

Edina, MN · On-site

$18.25 - $24/hr

As a Reinsurance Broker Intern, you will work on the North American Reinsurance Team - learning ... Perform risk analysis and financial modeling * Market research and analysis Qualifications:

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Model Risk Intern information

See salary details

$25.5K

$42.6K

$88K

How much do model risk intern jobs pay per year?

As of Aug 6, 2026, the average yearly pay for model risk intern in the United States is $42,584.00, according to ZipRecruiter salary data. Most workers in this role earn between $32,500.00 and $46,000.00 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.
What cities are hiring for Model Risk Intern jobs? Cities with the most Model Risk Intern job openings:
What are the most commonly searched types of Model Risk jobs? The most popular types of Model Risk jobs are:
What states have the most Model Risk Intern jobs? States with the most job openings for Model Risk Intern jobs include:
Model Risk Intern jobs near you

Enterprise Risk Management Department - Risk Data Aggregation Intern

Bank of China Limited, New York Branch

Manhattan, NY • On-site

$19/hr

Full-time, Internship

Re-posted 15 days ago

Job description

Introduction
Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.
Overview
The intern will work with the Risk Data Aggregation Team in our Enterprise Risk Management Department and support testing, modeling, and reporting.
Responsibilities
Job responsibilities include but are not limited to:
  • Support developing and testing risk management related platform features using Spring Boot, Vue.js, and Element UI.
  • Manage basic database tasks and write SQL queries.
  • Work with the team on risk models and reporting.
  • Learn quickly and solve technical issues.
  • Documentation work.

Qualifications
  • Knowledge of IT and at least one programming language.
  • Preferred skills in Spring Boot, Vue.js, Element UI, and basic SQL.
  • Interest in risk management, especially in commercial banking.
  • Strong teamwork and fast learning abilities.
  • Strong problem-solving and communication skills.
  • Currently studying or recently graduated in a relevant field.

Pay Range
Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.
USD $19.00 - USD $19.00 /Hr.

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