Summer Internship: Model Risk & Analytics

Federal Home Loan Bank of Chicago; Chicago (IL); On-site; USD 39,000 - 58,000; Part time

Benefits offered by this job

401k plan

Pension plan

Medical insurance

Dental insurance

Vision insurance

Lifestyle Spending Account

11 paid holidays

Job summary

The Federal Home Loan Bank of Chicago is seeking a summer intern to join the Model Risk team. This hands-on internship provides real-world exposure to financial services risk management, data analytics, and quantitative modeling in a collaborative office environment.

You'll support validation work, assist with risk governance tasks, and collaborate with multiple teams to ensure effective model risk controls. A GPA of 3.0+ and interest in fixed income/data analysis are required.

Qualifications

• Enrolled in undergraduate/graduate program in a quantitative discipline with GPA at least 3.0
• Interested in risk management and model validation
• Basic understanding in fixed income securities and data analysis (SQL/R/Python a plus)
• Proficient in Microsoft Office suite (Excel, Word, Access, PowerPoints)

Responsibilities

• Support model validation and risk governance through data analytics, modeling and documentation tasks
• Identify and report potential model risks to improve model quality
• Collaborate with other teams to ensure model risk is effectively managed
• Perform quantitative testing and qualitative review to assist in model validation
• Work with MRM risk analysts and other teams; perform ad-hoc analysis for model-related initiatives
• Explain and present testing results to MRM, model owners and stakeholders
• Research new ways to automate/improve modeling processes

Skills

SQL

Python

R

Excel

Data analysis

Education

Undergraduate/Graduate program in Finance Economics Mathematics Statistics

Tools

Microsoft Office

Job description

The Federal Home Loan Bank of Chicago is seeking a summer intern to join the Model Risk team. This hands-on internship provides real-world exposure to financial services risk management, data analytics, and quantitative modeling in a collaborative office environment.

You'll support validation work, assist with risk governance tasks, and collaborate with multiple teams to ensure effective model risk controls. A GPA of 3.0+ and interest in fixed income/data analysis are required.