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JOB DESCRIPTION

Build Your Future at DTCC

As a Model Risk Management Intern, you will gain exposure to DTCC’s enterprise-wide approach to identifying, measuring, monitoring, and managing model risk. Model Risk Management provides independent oversight of day-to-day model risk management activities and supports front-line units in managing risk related to the design, development, implementation, and use of models. You will support validation, analysis, documentation, and governance activities while building a practical understanding of model risk frameworks and standards.

At DTCC, interns contribute to meaningful work while learning how the financial markets operate behind the scenes. You will be part of a structured summer experience that combines team-based project work, training, feedback, mentorship, and opportunities to connect with leaders and peers.

About the Summer Internship Program

The Summer Internship Program is a 10-week experience designed to build a strong foundation for early-career talent. The program includes orientation, training, manager engagement, feedback milestones, networking, and development experiences that help students explore potential full-time career paths, including EDGE where applicable.

What you will gain

• Hands-on work connected to real business priorities, not only observation or administrative tasks.
• Structured orientation and training to help you understand DTCC, the industry, and your business area.
• Manager support, mentorship, peer connection, and opportunities to build your network.
• Development experiences focused on communication, feedback, professional skills, and career readiness.
• Mid-point and final feedback to help you understand your strengths, development areas, and potential next steps.
• Exposure to DTCC culture, values, and community engagement.

What you will do

Role Responsibilities

In this role, you will support model validation, analysis, documentation, and governance activities while learning how DTCC manages model risk across the enterprise.

• Prepare, clean, and analyze data used in model validation testing, benchmarking exercises, and related analytical reviews.
• Develop validation scripts, analytical tools, and process enhancements using programming languages such as Python, R, or similar tools.
• Perform validation tests and investigate model behavior, assumptions, performance, and results to support effective model risk oversight.
• Assist in documenting validation findings, observations, conclusions, and supporting analysis in formal reports and governance materials.
• Participate in team meetings, knowledge-sharing sessions, research efforts, ad hoc projects, and continuous improvement initiatives within Model Risk Management.

What will help you succeed

Required

• Currently pursuing a bachelor’s degree in Risk, Statistics, Economics, Finance, Computer Science, Business and Technology Management, MIS, or a related quantitative field.
• related field.
• Expected graduation date: Spring2028
• Minimum GPA: 3.2
• Authorization to work permanently in the United States without current or future sponsorship.

Preferred

• Coursework, projects, prior work, internship, student organization, volunteer, or leadership experience related to the role.
• Interest in financial services, technology, operations, risk, data, business, or the specific business area.
• Proficient computer and technical skills (Microsoft office suite - Excel, PowerPoint, Power BI, etc.)

What makes you successful

• Curiosity, initiative, and willingness to ask questions.
• Strong communication, organization, and follow-through.
• Analytical thinking and attention to detail.
• Ability to use feedback and adapt as you learn.
• Collaboration, professionalism, and accountability.

Benefits and work model

• Competitive hourly compensation.
• Hybrid work model: 3 days in office and 2 days remote, based on team schedule.

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.