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Model Risk Intern Jobs (NOW HIRING)

Alera Group

Intern

Columbia, SC · On-site

$18/hr

We're seeking a Intern who will support risk strategy, client service excellence, and operational ... Work Model: This role is Onsite Local to Columbia, South Carolina 29201 Professional Development ...

New

Umba

Operations Intern

San Francisco, CA · On-site

$15/hr

This platform uses machine learning and big data to build credit scores to optimize risk exposures ... Our machine learning models are in a state of constant improvement and we use AI and automation to ...

Umba

$15/hr

This platform uses machine learning and big data to build credit scores to optimize risk exposures ... Our machine learning models are in a state of constant improvement and we use AI and automation to ...

Centerstone

Master Level Intern

Cleveland, TN · On-site

$12.50 - $16.75/hr

Intern will participate in new hire orientation and begin internship weekly as soon as possible and ... models who champion best practices for quality, clinical risk, and patient safety.

Centerstone

Master Level Intern

Cleveland, TN · On-site

$12.50 - $16.75/hr

Groups typically occur weekly throughout the school year.. • Intern will consistently keep up ... models who champion best practices for quality, clinical risk, and patient safety.

Centerstone

School Based Intern

Cleveland, TN · On-site

$12.50 - $16.75/hr

Groups typically occur weekly throughout the school year. • Intern will complete all necessary ... models who champion best practices for quality, clinical risk, and patient safety.

Centerstone

School Based Intern

Cleveland, TN · On-site

$12.50 - $16.75/hr

Intern will participate in new hire orientation and begin internship weekly as soon as possible and ... models who champion best practices for quality, clinical risk, and patient safety.

Intertek

Intern

El Paso, TX · On-site

$13.75 - $18.25/hr

Intertek is continually innovating and evolving to reduce risk for consumers, brands and ... business model and a global network of customer-focused operations and highly engaged subject ...

AGG

Security Automation Intern

Atlanta, GA · On-site

Contribute to basic AI security modeling tasks, such as identifying threats and risks to AI-enabled ... risk assessments, and tracking remediation activities across systems and applications. * Help ...

Intertek

Intern

El Paso, TX · On-site

$13.75 - $18.25/hr

Intertek is continually innovating and evolving to reduce risk for consumers, brands and ... business model and a global network of customer-focused operations and highly engaged subject ...

Intertek

Intern

El Paso, TX · On-site

$13.50 - $18/hr

Intertek is continually innovating and evolving to reduce risk for consumers, brands and ... business model and a global network of customer-focused operations and highly engaged subject ...

MFA

Intern, Research

Manhattan, NY · On-site

... manage risk, and generate attractive returns throughout the economic cycle. Essential ... Help maintain and update datasets, models, and internal research tools used by MFA. * Collaborate ...

Fortitude Re

Investments Intern

Jersey City, NJ

$15.75 - $21/hr

Support the calculation of cashflows, risk metrics, and other analytics for structured and other ... models to evaluate new and existing investment opportunities. * Collaborate with Investment ...

New

Maverick Payments

Underwriting Intern

Calabasas, CA · On-site

$22 - $27/hr

... modeling to solve finance related business problems. Interns will engage directly and ... Partner with cross-functional teams (e.g., Risk, Business Development, Operations, Compliance) to ...

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Showing results 41-60

All JobsModel Risk Intern Jobs

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

Intern

Alera Group

Columbia, SC • On-site

$18/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted yesterday

New

Alera Group rating

8.0

Company rating: 8.0 out of 10

Based on 30 frontline employees who took The Breakroom Quiz

163rd of 301 rated insurance

Job description

OVERVIEW

Intern – Property & Casualty
Location: Onsite | Columbia, South Carolina

At Alera Group, our Property & Casualty team helps businesses protect their assets, manage risk, and plan confidently for the future. We’re seeking a Intern who will support risk strategy, client service excellence, and operational accuracy.

About Alera Group
Alera Group was founded in 2017 and has grown to become the 14th largest broker of U.S. business. We are passionate about our clients’ success in the areas of Employee Benefits, Property and Casualty Insurance, and Financial Services. With a network of offices nationwide, our commitment to collaboration allows us to offer national resources combined with local service.

This role will focus on risk management- broadly, client servicing, claims support, sales growth and collaborate with producers, account managers, carriers, clients, internal operations teams. 

Why Alera Group

  • Meaningful Impact: Help clients and employees navigate benefits programs that drive retention, engagement, and satisfaction

  • Growth & Learning: Opportunities to deepen your expertise and gain exposure to a variety of clients and industries

  • Collaborative Culture: Work in a team-oriented environment that values accountability, partnership, and the principles of The Collaborative Way


RESPONSIBILITIES
What You'll Do / Your ImpactClient Partnership & Service Excellence
  • Learn commercial insurance workflows, coverages, client service processes, and industry best practices
  • Support service teams while gaining exposure to client service activities and insurance operations
Operational & Compliance Excellence
  • Participate in structured training focused on agency systems, procedures, technology platforms, and operational standards
  • Develop an understanding of documentation, workflows, and agency processes that support client success
Growth & Retention
  • Explore career opportunities within Property & Casualty and other business areas
  • Develop communication, teamwork, problem-solving, and time management skills while working alongside experienced professionals

QUALIFICATIONS
What You BringRequired
  • Current undergraduate student
  • Strong communication and interpersonal skills
  • Ability to learn quickly and adapt in a fast-paced environment
  • Strong attention to detail and organizational skills
Preferred
  • Interest in insurance, risk management, business, finance, or related fields
  • Previous internship, customer service, or professional experience
  • Interest in obtaining an insurance license
Core Competencies
  • Curiosity and continuous learning
  • Accountability and follow-through
  • Collaboration and teamwork
  • Professionalism
  • Problem-solving
  • Time management

ADDITIONAL INFORMATION

Compensation:

$18.00 per hour. 

Benefits:
Alera Group offers comprehensive benefits including medical, dental, vision, life and disability coverage, 401(k), generous PTO, and more.

Work Model:
This role is Onsite
Local to Columbia, South Carolina 29201

Professional Development – Alera Group Academy

At Alera Group, growth isn’t left to chance. Through Alera Group Academy, we provide structured development opportunities designed to help you expand your expertise and build a meaningful career.

You’ll have access to:

  • Role-specific learning paths

  • Leadership development programs

  • Technical and compliance training

  • Industry certifications and continuing education support

  • Peer learning and knowledge-sharing communities

Whether you’re deepening technical expertise or preparing for leadership, we’re invested in helping you grow.

Licensure & Certifications (If Applicable)

This position may require:

  • Active State Property & Casualty License

  • Ability to obtain required licensure within 6 months of hire

  • Ongoing continuing education to maintain active status

We're an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status, or any other protected class.

Alera Group is committed to protecting your privacy. Please review our Privacy Policy to understand what personal information we may collect and use as part of your application process.

#LI-WZ1

#LI-In-Office 


Location Type
In-OfficeQualifications:
What You BringRequired
  • Current undergraduate student
  • Strong communication and interpersonal skills
  • Ability to learn quickly and adapt in a fast-paced environment
  • Strong attention to detail and organizational skills
Preferred
  • Interest in insurance, risk management, business, finance, or related fields
  • Previous internship, customer service, or professional experience
  • Interest in obtaining an insurance license
Core Competencies
  • Curiosity and continuous learning
  • Accountability and follow-through
  • Collaboration and teamwork
  • Professionalism
  • Problem-solving
  • Time management
Education:UNAVAILABLEEmployment Type: UNAVAILABLE

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