Credit Risk Management Department - Risk Analytics Model Intern

Bank of China Limited, New York Branch; New York (NY); On-site; USD 22,000 - 31,000; Part time

Job summary

Bank of China Limited, New York Branch is seeking an internal candidate to support the model team in day-to-day activities. The intern will collect data, run risk assessments, and help document models for risk management and audit purposes.

The role involves collaborating with senior team members, assisting with quarterly stress tests, updating documentation, and performing administrative tasks to support project delivery in a fast-paced banking environment.

Qualifications

• Bachelor's degree in Math, Statistics, Physics, Computer Science, Financial Engineering, etc. is required.
• Familiar with programming languages VBA and Python.

Responsibilities

• Credit Risk Rating: coordinate requests, understand model setup and generate rating reports.
• Stress Test: run quarterly stress tests, aggregate results, perform analysis and prepare reports.
• Model Risk Governance: update model docs for ERM reviews, assist findings remediation, track status.
• Admin duties: assist team lead with invoicing, meetings, minutes and deck preparation.

Skills

VBA

Python

Education

Bachelor's degree in Math/Statistics/Physics/CS/Financial Engineering

Tools

VBA

Python

Job description

Introduction

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Overview

The intern will assist senior members in the model team to conduct all business as usual activities. She/he will help collect business/development data, run credit risk ratings/CECL/Stress Test, aggregate model output, conduct data analysis, and also help document models for model risk management purpose (internal model review and audit). She/he will participate in model lifecycle and provide assistance for any finding/regulatory issue (e.g. MRA) remediation.

Responsibilities

• Credit Risk RatingCoordinate the requests from FLUs and CRM CA teams, be familiar with the model setup and requirements, and generate the rating reports as required.
• Stress TestRun the quarterly stress tests, aggregate the results, perform in-depth analysis, and prepare the reports.
• Model Risk GovernanceUpdate the model docs for ERM reviews, assist the finding remediation, track the finding/issue status.
• Admin dutiesHelp the team lead on various team admin work such as invoice processing, meeting organization and minutes, meeting deck preparation, etc.

Qualifications

• Bachelor's degree in Math, Statistics, Physics, Computer Science, Financial Engineering, etc. is required.
• Be familiar with the programming languages such as VBA and Python.

Pay Range

Pay Range Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.

USD $19.00 - USD $19.00 /Hr.