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Quantitative Risk Analyst Intern Jobs in Virginia

Tecolote Research

Cost Estimator/Cost Analyst

VA · On-site

Conduct comprehensive cost-benefit and quantitative risk analysis studies. * Provide cost impact estimates for program and project change requests, additions, and re-baselining activities. * Analyze ...

Tecolote Research

Cost Estimator/Cost Analyst

VA · On-site

Overview Tecolote Research, Inc. is seeking a highly experienced Cost Estimating Analyst to support ... Knowledge of quantitative risk assessment and cost research methodologies. Education Bachelor ...

Freddie Mac

Quantitative Analytics Tech Lead

Mclean, VA · On-site

Freddie Mac's Enterprise Risk Division is currently seeking a Quantitative Analytics Tech Lead to join the Single Family Acquisition Credit Risk team. The Tech Lead will be responsible for oversight ...

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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 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 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 does a quantitative risk analyst do?

A quantitative risk analyst evaluates financial risks using mathematical models and statistical techniques to identify potential losses and inform decision-making. They analyze data, develop risk assessment tools, and often use software like Excel, R, or Python to support risk management strategies in financial or insurance firms.

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.

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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:
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Quantitative Risk Analyst Intern jobs near you
Cost Estimator/Cost Analyst

Cost Estimator/Cost Analyst

Tecolote Research

On-site

Full-time

Posted 13 days ago

Job description

Overview
We are seeking an experienced Cost Analyst to support large and technically complex NASA and Aerospace programs. This position is ideal for professionals with 7-12 years of applicable experience, including 4-6 years within the Government or Aerospace industry. The successful candidate will operate independently, applying advanced analytical methods and cost estimation techniques to support high-impact program decisions.
Responsibilities
  • Serve as an independent cost analyst on major, high-visibility, or technically complex projects.
  • Develop and implement approaches to solve complex cost, schedule, and programmatic challenges.
  • Conduct comprehensive cost-benefit and quantitative risk analysis studies.
  • Provide cost impact estimates for program and project change requests, additions, and re-baselining activities.
  • Analyze and interpret raw engineering, technical, and cost data to support detailed estimates.
  • Develop and maintain Work Breakdown Structures (WBS), and create charts, tables, graphs, and diagrams to support data visualization and problem analysis.
  • Operate and analyze parametric cost models and statistical forecasting tools.
  • Utilize advanced analytical techniques, including:
    • Uni- and multi-variate statistical and regression analysis
    • Learning curve analysis
    • Cost accounting (direct and indirect cost analysis)
    • Escalation index development
    • Cost Estimating Relationships (CERs)
  • Support the integration of cost tools with program data sources and participate in model development, validation, and refinement.

Collaborate closely with government stakeholders, contractors, and technical teams to align cost strategy with program goals.
Skills Required
  • Bachelor's degree in Engineering, Business, Mathematics, Economics, Operations Research, or a related field.
  • 7-12 years of applicable experience, including 4-6 years of Government or Aerospace industry experience.
  • Demonstrated ability to independently manage and contribute to cost analysis efforts on complex projects.
  • Proficiency with Microsoft Excel and other Office applications (PowerPoint, Word).
  • Experience using industry cost tools such as ACEIT, SEER, PRICE TruePlanning, PCEC, NICM, or equivalent.
  • Excellent written, verbal, and visual communication skills.
  • Strong problem-solving, analytical, and statistical skills.
  • Ability to obtain a security clearance.
  • U.S. citizenship is required.

Desired Qualifications:
  • Experience supporting NASA or other major government space or defense programs.
  • Advanced knowledge of WBS structures, cost estimation methodologies, and operations research.
  • Experience presenting to senior government officials or contractor leadership.
  • Familiarity with program lifecycle cost management and budgeting processes.

Education
Bachelor's degree required, preferably in math, engineering, business, or the sciences.

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