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Financial Risk Management Intern information

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$11

$19

$25

How much do financial risk management intern jobs pay per hour?

As of Jun 10, 2026, the average hourly pay for financial risk management intern in Columbus, OH is $19.18, according to ZipRecruiter salary data. Most workers in this role earn between $16.49 and $21.59 per hour, depending on experience, location, and employer.

What types of projects and responsibilities can a Financial Risk Management Intern expect during their internship?

As a Financial Risk Management Intern, you can expect to be involved in analyzing financial data, assisting in the development of risk models, and supporting the assessment of market, credit, or operational risks. Interns often collaborate with risk analysts and senior managers to prepare reports, monitor risk exposures, and contribute to risk mitigation strategies. You'll likely work with various teams, such as compliance and finance, gaining hands-on experience with tools and methodologies commonly used in the industry. This exposure provides valuable insights into risk management processes and helps develop practical skills for future roles in finance.

What does a Financial Risk Management Intern do?

A Financial Risk Management Intern supports the risk management team by analyzing financial data, identifying potential risks, and helping to develop strategies to mitigate those risks. Interns may assist with preparing risk reports, monitoring market trends, and using risk assessment tools. This role often provides hands-on experience with financial modeling, regulatory compliance, and internal controls. The position is ideal for students or recent graduates interested in learning about risk management processes within financial institutions or corporations.

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

To thrive as a Financial Risk Management Intern, you need strong analytical skills, knowledge of finance principles, and coursework or a degree in finance, economics, or a related field. Familiarity with risk analysis tools, Microsoft Excel, and sometimes financial modeling software like SAS or Python is highly valued. Attention to detail, effective communication, and eagerness to learn are standout soft skills for this position. These skills enable interns to accurately assess risk, support senior analysts, and contribute meaningfully to risk mitigation strategies.

What is the difference between Financial Risk Management Intern vs Credit Risk Analyst Intern?

AspectFinancial Risk Management InternCredit Risk Analyst Intern
Required CredentialsTypically pursuing finance, economics, or related degreeSimilar educational background, often with coursework in credit analysis
Work EnvironmentFinancial institutions, banks, or investment firmsBanking, lending institutions, or credit agencies
Employer & Industry UsageUsed in risk management departments across finance sectorsCommon in credit departments focusing on loan risk assessment
Comparison Search IntentUnderstanding risk management roles in financeFocusing on credit risk specific roles

Both roles involve analyzing financial data and assessing risks, but a Financial Risk Management Intern has a broader focus on overall financial risks, while a Credit Risk Analyst Intern specializes in credit and loan risk assessment. The choice depends on your interest in general risk management versus credit-specific analysis within the finance industry.

What cities near Columbus, OH are hiring for Financial Risk Management Intern jobs? Cities near Columbus, OH with the most Financial Risk Management Intern job openings:
Financial Risk Management Intern jobs near you
Asset and Liability Management Risk Manager - Financial Risk Management

Asset and Liability Management Risk Manager - Financial Risk Management

Western Alliance Bank

Columbus, OH

$159K - $197K/yr

Full-time

Medical, Dental, Retirement

Posted 2 days ago

Job description

Job Title:

Asset and Liability Management Risk Manager - Financial Risk Management

Location:

CityScape

What you'll do:

The Market Risk Team within Financial Risk Management (FRM) oversees risk taking activities of Treasury focusing specifically on Interest Rate Risk. The team facilitates effective use of risk appetite to monitor and assess risk-taking activities. The group also plays a key role in keeping senior management appraised of the Company's market risk profile. This is achieved by using risk measures, proactive application of expert judgement, and limit setting. Activities are centered on risk management and analysis, transparency and escalation of risk, supervision, and overall process improvement.

  • You'll provide independent risk oversight, challenge, and assessment of interest rate risk exposure with a strong emphasis on quantitative analysis, use of management judgement, and data validation using quantitative techniques

  • Review scenario design, model configurations, and results produced in the Quantitative Risk Management tool (QRM) (e.g., Economic Value of Equity/Earnings at Risk, forecast runs, Funds Transfer Pricing linkages); independently replicate or sensitivitytest key assumptions using quantitative techniques where direct QRM instance access is not available.

  • Develop robust processes and tools to validate key financial assumptions, such as deposit behaviors, prepayment trends, and pricing strategies, and ensure QRM results are accurately reconciled with source systems and established policy limits.

  • Lead structured challenge sessions and memorialize outcomes in memos/minutes consistent with FRM governance and practices.

  • Produce Second Line of Defense Asset Liability Management/Interest Rate Risk dashboards and narratives for the Asset Liability Committee/Financial Risk Management governance, highlighting drivers of risk and emerging issues.

  • Assist in developing and enhancing the market risk management framework, including the design and implementation of risk metrics, reporting processes, and limit structures

What you'll need:

  • 5+ years in Asset Liability Management/Interest Rate Risk in the Banking Book, with at least 2+ years in Second Line of Defense/Model Risk Management or other independent oversight roles.

  • Bachelor's degree in related field required.

  • Handson QRM proficiency (Asset Liability Management/Interest Rate Risk modules; comfort reading QRM output structures, assumptions, and libraries). Ability to replicate Economic Value of Equity/Earnings at Risk and Net Interest Income sensitivities via Python/R/Structured Query Language when needed.

  • Advanced knowledge and experience with tools like Python, Structured Query Language, or R for data analysis and quality checks is a plus, along with familiarity with version control and an interest in process improvement.

  • Advanced knowledge of Asset Liability Management concepts & policy (betas, decays, prepay, deposit segmentation, Funds Transfer Pricing, hedging), and Interest Rate Risk/Asset Liability Management governance. Knowledge of ALM concepts & policy (betas, decay rates, prepay, deposit segmentation, FTP, hedging), and IRR/ALM governance.

  • Professional certification such as Financial Risk Manager (FRM), Professional Risk Manager (PRM), or Chartered Financial Analyst (CFA) preferred.

  • Advanced speaking and writing communication skills.

Compensation: Salary range for new hires is generally $159,745.00 - $197,331.00 for Chicago, IL. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned and restricted stock.

Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About the company:

Western Alliance Bank, Member FDIC, is a wholly owned subsidiary of Western Alliance Bancorporation. Serving clients nationwide, Western Alliance Bank includes six legacy bank brands - Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank - that remain part of the company's heritage, as well as AmeriHome Mortgage, a Western Alliance Bank Company.

Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

Western Alliance Bancorporation

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