Enterprise Risk Management Risk Analyst Internship

Enterprise Risk Management Risk Analyst Internship

General Summary:

Assists
in maintaining the Bank-wide Model Risk Management program (MRM) aimed at
ensuring models and related processes comply with internal policies and
regulatory guidance, reflect best practices for their use and operations, and
adhere to a strong control environment. Provides intermediate-level guidance
and consultation related to the use, development, and maintenance of models
used throughout the Bank.

Principal Duties and
Responsibilities:

• Assists in the implementation of MRM program.
• Assists with model validations by testing and reviewing model results, researching and assessing model theory, and reviewing model operations/procedures.
• Assists in the production of analysis and reports aimed at communicating model risks to management and the Board.
• Provides assistance on monitoring and governance of end-user computing tools (e.g., Excel, Stata, R) especially as related to models.
• Performs additional duties as requested by management.

Minimum Knowledge,
Skills and Abilities Required:

• Knowledge at a level normally acquired through the completion of a Master's Degree in financial mathematics, finance, economics, econometrics, statistics or engineering.
• Strong analytical and quantitative skills including working knowledge and understanding of econometric modeling, probability theories, and fixed income and credit modeling.
• Advanced proficiency in statistical programming tools (Such as SAS, Stata or R (preferred)) and Microsoft Office (particularly Excel and Word).
• Attention to detail, initiative, ability to work independently, and a strong work ethic.
• Effective interpersonal skills, both verbal and written, to research, create, and present reports and analyses.

Working Conditions:

Normal hybrid office environment with flexibility.