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Quantitative Risk Analyst Intern Jobs (NOW HIRING)

State Street Corporation

Quantitative Risk

Boston, MA · On-site

$104K - $180K/yr

Quantitative Risk (State Street Bank And Trust Company; Boston, Massachusetts ... This role will be part of the CMAO team focused on delivering modeling and analytics solutions to ...

Pavago

Risk Analyst

This role is responsible for building risk frameworks, conducting quantitative analysis, monitoring exposures, validating controls, and delivering actionable insights to leadership. The ideal ...

DRW

Quantitative Trading Analyst Intern

Chicago, IL · On-site

$250K/yr

As a Quantitative Trading Analyst Intern , you will gain exposure to the dynamic worlds of trading ... You will work on a small team to combine the disciplines of technology, research and risk ...

AECOM

Risk Analyst

New York, NY · On-site

Develop quantitative integrated costs and schedule risk models to support the informed decision ... Risk analysis software and probabilistic tools, including Crystal Ball and @RISK * Quantitative ...

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Quantitative Risk Analyst Intern information

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$65K

$108.3K

$145.5K

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

As of Jul 25, 2026, the average yearly pay for quantitative risk analyst intern in the United States is $108,333.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,000.00 and $131,000.00 per year, depending on experience, location, and employer.

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.
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Quantitative Risk Analyst Intern jobs near you
Infographic showing various Quantitative Risk Analyst Intern job openings in the United States as of July 2026, with employment types broken down into 89% Full Time, 6% Part Time, 1% Temporary, and 4% Contract. Highlights an 83% Physical, 7% Hybrid, and 10% Remote job distribution, with an average salary of $108,333 per year, or $52.1 per hour.
Quantitative Risk Analyst, Model Risk Management, Assistant Vice President

Quantitative Risk Analyst, Model Risk Management, Assistant Vice President

State Street Corporation

Boston, MA • On-site

$90K - $157K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 29 days ago

Job description

JOB DESCRIPTION
State Street Investment Management (State Street IM) Model Risk Management (MRM) function is seeking a Quantitative Risk Analyst to join its State Street IM Model Validation team based in Boston, MA. The Quantitative Risk Analyst will conduct model validation to ensure model risks are correctly identified, assessed, and managed across the global asset management business. Diverse product knowledge including index products, ETFs, responsible investing as well as experience in the general risk areas covering credit, liquidity, market and operational risk, securities finance, asset management, and stress testing is important.
Specific tasks performed during model reviews include:
  • Review the model workflow and identify gaps in model methodology, development, implementation, and usage process and documentation
  • Challenge the model methodology by testing its assumptions and parameters; independently evaluate model performance and perform benchmarking; suggest areas for improvement
  • Collaborate with portfolio managers, traders, researchers, model developers, IT, and Corporate Model Risk Management to conduct independent validation as well as annual reviews of models supporting State Street IM business and company-wide strategic initiatives
  • Review and assess model changes and conduct targeted validation on significant model changes
  • Evaluate remediation submissions and ongoing monitoring of models
  • Identify, assess, and report model risks on individual model and aggregate level to management through validation reports and other MRM reporting

Job Qualifications:
  • MS or PhD in Finance, Economics, Financial Engineering, Statistics, Math, or related field
  • Excellent quantitative modeling, analytical, research, and programming skills (e.g., R, Python, MATLAB, SQL)
  • Deep knowledge of economic theory and empirical finance across a broad range of products and asset classes
  • Strong understanding of the asset management business and its modeling philosophy, including factor models
  • Proven ability to leverage LLMs/GenAI or their applications in day-to-day work and model review activities
  • Solid understanding of Model Risk Management Framework including SR 11-7 and other regulatory guidance related to the model risk management
  • Strong written and verbal communication skills
  • Strong project management skills exemplified by the ability to work independently on multiple projects and meet deadlines

Salary Range:
$90,000 - $157,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
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Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
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About State Street

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State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Boston, MA, US

Year founded

1792

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