Model Validation Intern

FHLBank Pittsburgh offers 12-week paid internships as a part of its talent acquisition strategy. Talented students are provided with the opportunity to gain hands-on work experience, explore their career interests and broaden their professional network while helping FHLBank Pittsburgh achieve its business objectives and strategic goals. The program is designed to offer a substantive experience by exposing talented students to the banking industry and our culture of development through clearly defined responsibilities and/or projects.

To promote collaboration and relationship building, FHLBank Pittsburgh operates in a hybrid model with employees in the office three days per week and remote two days per week.

The Model Validation Intern will:

• Perform inspection of EUCs and document their review through inspection forms. This includes both M-EUCs related to model validations as well as High Risk EUCs sampled by Enterprise Risk Management for supplemental inspection.

• Assist in components of model validation work with the supervision of MRM manager and analysts.

• Assist in testing and potentially contributing to MRM's Python toolbox used for automating MRM tasks/analyses and providing benchmark results for model validation purposes.

Required Experience

• Students must be enrolled in an accredited four-year institution and have completed at least their sophomore year with a minimum GPA of 3.0

• Students must be pursuing a relevant field of study (e.g., finance, mathematics, statistics/machine learning, data science/analytics or other related fields) and have the ability to work, at a minimum, May/June through August of the internship year

• Experience in Python programming

• Familiarity with basic quantitative finance and accounting concepts (PV cash flows, durations, financial ratios, etc.)

• Skilled in Microsoft Excel and general statistical concepts

• Preferred experience with machine learning and advanced statistical modeling, knowledge of SQL or similar query languages, familiarity with GitHub and VS Code

It is the policy of the Federal Home Loan Bank of Pittsburgh to ensure equal employment opportunity (EEO) for all employees and applicants for employment without regard to race, religion, color, sex, national origin, age, disability status, genetic information, veteran's status, ancestry, sexual orientation or status as a parent as defined by applicable law. It is the Bank's policy to comply with applicable laws concerning the employment of persons with disabilities, including reasonable accommodation for applicants and employees with disabilities.