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Quantitative Risk Analyst Intern Jobs in Virginia

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Quantitative Risk Analyst Intern information

What are the key skills and qualifications needed to thrive as a Quantitative Risk Analyst Intern, and why are they important?

To thrive as a Quantitative Risk Analyst Intern, you need a solid background in mathematics, statistics, and finance, often supported by progress toward a relevant degree such as finance, economics, or applied mathematics. Familiarity with programming languages like Python or R, statistical analysis tools, and risk management platforms such as SAS or MATLAB is typically expected. Strong analytical thinking, attention to detail, and effective communication skills help interns interpret complex data and present findings clearly. These skills are crucial for accurately assessing risks, supporting data-driven decision-making, and contributing to effective risk management strategies.

What does a Quantitative Risk Analyst Intern do?

A Quantitative Risk Analyst Intern supports the risk management team by analyzing financial data, building statistical models, and assessing potential risks that could impact an organization. They use mathematical and statistical techniques to identify, measure, and monitor risks associated with investments, market movements, or operational activities. Interns often help with data collection, programming (using tools like Python, R, or Excel), and preparing reports for senior analysts. This role provides valuable hands-on experience in applying quantitative methods to real-world financial risk scenarios.

What is the difference between Quantitative Risk Analyst Intern vs Quantitative Risk Analyst?

AspectQuantitative Risk Analyst InternQuantitative Risk Analyst
Required credentialsTypically pursuing or recent graduate with a degree in finance, economics, or related fieldBachelor's or master's degree in a relevant field, often with some professional experience
Work environmentInternship setting, often part-time or summer program within financial institutionsFull-time role within banks, investment firms, or insurance companies
Employer and industry usageUsed in internship programs across finance and risk management firmsStandard position in risk management departments of financial services

The main difference between a Quantitative Risk Analyst Intern and a Quantitative Risk Analyst is experience level and responsibility. Interns are typically students gaining exposure, while analysts are full-time professionals responsible for assessing and managing risk strategies.

What types of projects and responsibilities can a Quantitative Risk Analyst Intern expect during their internship?

As a Quantitative Risk Analyst Intern, you can expect to work on projects involving data analysis, risk modeling, and validation of existing financial models. You may assist in stress testing portfolios, researching risk factors, and automating data processes under the guidance of senior analysts. Interns typically collaborate closely with risk management, trading, and IT teams, gaining hands-on experience with industry-standard tools and methodologies. This role offers an excellent opportunity to develop technical skills and an understanding of how risk is measured and managed in financial institutions.
What job categories do people searching Quantitative Risk Analyst Intern jobs in Virginia look for? The top searched job categories for Quantitative Risk Analyst Intern jobs in Virginia are:
What cities in Virginia are hiring for Quantitative Risk Analyst Intern jobs? Cities in Virginia with the most Quantitative Risk Analyst Intern job openings:
Construction Project Risk Consultant (Full-Time)

Construction Project Risk Consultant (Full-Time)

MBP

Vienna, VA โ€ข On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 8 days ago


Job description

Do you have experience in project risk management and risk analysis for design and construction projects and enjoy collaborating with construction managers, contractors, owners, and designers?

MBP is looking for a project risk consultant to support qualitative and quantitative risk management tasks across market sectors including federal government, state/local government, education, healthcare, and transit. If you have experience in this area and are ready to contribute to project success, we want to hear from you.


What You'll Do:

Lead and support project risk management assignments from inception through final completion. Responsibilities include:

  • Lead or support project risk management assignments, in alignment with the full risk management lifecycle.
  • Support development of a risk management plan.
  • Coordinate with the project teams and stakeholders to facilitate the identification of risks and develop risk reports and registers, and associated risk response actions.
  • Facilitate risk interviews, risk workshops, and regular risk meetings.
  • Develop and utilize a Probability and Impact Matrix to rate each risk on its probability of occurrence and impact on an objective if it does occur.
  • Perform quantitative cost and schedule risk analysis.
  • Assist with the prioritization of risks for further analysis.
  • Identify, analyze, track, record and provide guidance with respect to actions to manage and/or mitigate risks.
  • Assist construction and project managers to control the risk process by continuously monitoring efforts for new, changing, and outdated risks.

Who We Are Looking For

Experience:

  • Demonstrated experience in qualitative risk management
  • Developing project risk management plans
  • Facilitating project risk interviews, workshops, and update meetings
  • Formulating risk mitigation strategies
  • Maintaining project risk register
  • Demonstrated familiarity with quantitative risk analysis

ย Education/Knowledge:

  • Bachelorโ€™s degree in industry-related field, advanced degree preferred
  • Detailed knowledge of construction, principles of construction management and project controls
  • Recent experience/technical competence in risk identification, analysis and management for projects and programs of similar scope.
  • Knowledge of scheduling, cost estimating, documentation, contract administration, and construction techniques.

ย Preferred Certifications:

  • AACE Project Risk Management Professional (PRMP)
  • PMI Project Risk Management Professional (PMI-RMP)
  • Certified Construction Manager (CCM)
  • Professional Engineer (PE)

ย Skills and Abilities:

  • Develop strong relationships with project stakeholders
  • Exhibit interpersonal and communication skills
  • Lead a team to complete tasks
  • Strong verbal, written and presentation skills
  • Ability to apply analytical methods and techniques as they relate to risks
  • Initiate, organize and facilitate risk interviews and workshops with diverse subject matter experts
  • Organizational skills to maintain and communicate risk register information.
  • Demonstrated skills in Microsoft Excel and other risk register platforms
  • Preferred - Demonstrated familiarity with CPM scheduling software applications (e.g. Primavera P6)
  • Preferred - Demonstrated familiarity with quantitative risk analysis applications (e.g. @Risk, Primavera Risk Analysis, Acumen Risk, Safran Risk, RiskyProject, etc.)

ย Guidance/Responsibility:

  • Able to work independently, seeking guidance and direction when required

ย Supervisory:

  • Non-supervisory role

ย What We Offer:

Weโ€™re focused on providing the tools and support you need to succeed, both personally and professionally. MBP offers a comprehensive benefits package including 100% employer-paid medical, dental, vision, life, and disability insurance (for individual employees), a 401(k) profit-sharing plan, a health savings account with company contributions, competitive compensation with opportunities for semi-annual bonuses, and generous paid time off. We also provide unique perks like tuition assistance, student loan repayment, annual gym reimbursement, pet insurance, and paid volunteer time. Additional benefits include mental health resources, company-wide wellness activities, and training and development to support your professional growth.

Status: Full-time

Applicants must be authorized to work in the U.S. without sponsorship

MBP is an equal opportunity employer. Protected veterans and individuals with disabilities are encouraged to apply.