Model Development Intern – ML & Risk Analytics

Santander Bank; Boston (MA); On-site; USD 62,400 - 83,200; Full time

Job summary

Santander US is offering a Summer Internship Program in Boston, MA, beginning in June 2026. You will join a large financial institution, work with experienced modelers, and gain hands-on experience in data preparation, model design, and governance.

As a Model Development intern, you will build and refine statistical and machine learning models for risk management, analyze large datasets, support forecasting and stress testing, and prepare insights for senior risk managers and regulators.

Qualifications

• Undergraduate or graduate student with expected graduation December 2026 or May/June 2027.
• Area of study: Finance, Economics, Statistics, Mathematics, Data Science, CS, Engineering, or Business.
• Cumulative GPA 3.0 or above.
• Strong English communication skills, both written and spoken.
• Analytical thinker with attention to detail and time management.

Responsibilities

• Support design and improvement of forecasting and stress testing models.
• Clean, transform and analyze large datasets for modeling inputs.
• Assist in back testing, benchmarking and sensitivity analyses.
• Help prepare model documentation and summarize insights for stakeholders.
• Present findings to senior risk managers and auditors.

Skills

Python

R

SQL

SAS

Tableau

Teamwork

Communication

Education

Undergrad or grad student

Expected graduation Dec 2026 or May/Jun 2027

Tools

Python

R

SQL

Job description

Santander US is offering a Summer Internship Program in Boston, MA, beginning in June 2026. You will join a large financial institution, work with experienced modelers, and gain hands-on experience in data preparation, model design, and governance.

As a Model Development intern, you will build and refine statistical and machine learning models for risk management, analyze large datasets, support forecasting and stress testing, and prepare insights for senior risk managers and regulators.