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Quantitative Risk Analyst Intern Jobs in Zionsville, IN

Mace

Risk Manager

Indianapolis, IN · Hybrid

Supports the delivery of Project Quantitative Risk Analysis (cost and time). * Delivers monthly risk reports, externally to Client and internally to Project team, contributing on the adequacy of ...

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Quantitative Risk Analyst Intern information

See Zionsville, IN salary details

$62.9K

$104.9K

$140.9K

How much do quantitative risk analyst intern jobs pay per year?

As of Aug 31, 2026, the average yearly pay for quantitative risk analyst intern in Zionsville, IN is $104,899.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,500.00 and $126,800.00 per year, depending on experience, location, and employer.

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 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 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 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 job categories do people searching Quantitative Risk Analyst Intern jobs in Zionsville, IN look for?

The top searched job categories for Quantitative Risk Analyst Intern jobs in Zionsville, IN are:

What cities near Zionsville, IN are hiring for Quantitative Risk Analyst Intern jobs?

Cities near Zionsville, IN with the most Quantitative Risk Analyst Intern job openings:

Quantitative Risk Analyst Intern jobs near you
Infographic showing various Quantitative Risk Analyst Intern job openings in Zionsville, IN as of August 2026, with employment types broken down into 1% As Needed, 86% Full Time, 10% Part Time, and 3% Contract. Highlights an 85% Physical, 5% Hybrid, and 10% Remote job distribution, with an average salary of $104,899 per year, or $50.4 per hour.

ERM Market Risk Analyst II

Indianapolis, IN • On-site

Federal Home Loan Bank of Indianapolis
Commercial Banking • 201 - 500 employees
Learn more about Federal Home Loan Bank of Indianapolisexternal

Full-time

Posted 4 days ago

Job description

Purpose:
The ERM Market Risk Analyst II is responsible for providing financial and analytical information to bank management to support risk and business-related decision-making with a focus on market risk analysis. The role resides in the Enterprise Risk Management department, whose primary focus is identifying, measuring, monitoring, and reporting the level and trends of risk within the organization.
The following statements are intended to describe the general nature and level of work being performed by a person in this job. They are not intended to be an exhaustive list of all responsibilities or abilities required. The Bank reserves the right to alter or amend this description at any time.
Specific Responsibilities:
  • Risk measurement, monitoring, and reporting: Supports the production of market risk analysis and reporting, including balance sheet risk analysis, valuation of financial instruments, stress testing, sensitivity analysis, and risk analysis related to fixed income and derivatives. Produces timely, accurate, and relevant reporting.
  • Market & Portfolio Analysis: Researches and applies quantitative techniques and other data science applications toward the analysis of solutions to important cases for risk management purposes. Be a key resource for explaining risk numbers, new risk analytics, data issues, market information, risk modeling, testing, and implementing new models and systems, etc. Performs or assists in ad-hoc analyses in a timely manner. Uses the PolyPaths platform along with quantitative tools and techniques to measure and analyze valuations of financial instruments and risk model results to reach conclusions on changes in risk positions.
  • Systems & Data Management: Assists in general improvement, automation, and maintenance of the mark risk reporting environment, databases, scripts, testing, and tasks. Assist in actively developing or redesigning processes to improve efficiency in processes and analytics. Responsible for maintaining ongoing reporting processes pertaining to market risk, including model change approvals, validation recommendations, and other remediation steps.
  • Stakeholder Collaboration: Clearly communicates technical details related to market risk management and model assumptions to management, team members, and supporting staff across the organization.
  • Model Validation & Development Support: Participates in model development and as needed, in the tuning/assessment of market risk models. Performs user acceptance testing.
  • Regulatory Compliance: Interacts with market risk validators about market risk processes, controls, and documentation, demonstrating adherence to applicable regulations and internal policies. Writes clear documentation on market risk processes and controls to meet standards set by the Model Risk Management Group, as well as regulatory (FHFA) modeling Advisory Bulletins.
  • Continuous Learning: Stays current with technical enhancements, methodologies, statistical, mathematical, and analytical/computational techniques, and trends related to market risk management. Research, understand, and implement next-generation analytical capabilities in Enterprise Risk Management and market risk core functions to support market risk management understanding, regulatory testing, and lines of business needs.

Position Requirements:
  • Master's degree in Mathematics, Quantitative Analysis, Statistics, Financial Engineering, or any other quantitative field. Alternatively, a Finance/Economics Master's with a background or focus on Mathematics/ Statistics/ Quantitative/Engineering.
  • One year of experience (could include time as a research assistant while doing graduate studies) doing quantitative risk or related analysis or research in any of the following areas: quantitative finance, applied mathematics, optimization / mathematical programming, fixed income analysis, or econometrics.
  • Experience in at least one of the following languages or applications: Python, R, Scala, MATLAB, Java, C/C++/C#, SAS, Stata, SPSS, SQL, Power BI, Fabric, or VBA.
  • Not required but a plus:
    • Experience with Asset/Liability and valuation software/models such as Polypaths, QRM, ZMDesk, Principia, etc.
    • A strong understanding of fixed-income principles, including mortgage-backed securities and derivatives.
    • Professional certifications, such as CFA (Chartered Financial Analyst), FRM (Financial Risk Manager), or PRM (Professional Risk Manager).
  • Advanced analytical skills necessary to develop complex financial, quantitative, and market risk reports and analyses.
  • Strong ability to identify potential concerns, analyze and solve problems; ability to work effectively and independently to resolve such issues.
  • High degree of interest in fixed income, derivatives, balance sheet analysis, and valuation analysis.
  • Detail-oriented and flexible to support management and regulatory reporting.
  • Ability to prioritize multiple competing objectives with a high degree of initiative and independence.
  • Ability to work as required for meeting deadlines.
  • Verbal, written, and interpersonal skills to communicate effectively with all levels of Bank personnel.
  • Must not have been convicted of any civil or criminal charge that would suggest a risk to Bank security.
  • Ability to work full-time with three days per week working from the office and two days remote.
  • Ability to uphold and model the Bank's Guiding Principles.

FHLBank Indianapolis is an Equal Opportunity Employer.

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