Summer Model Risk Intern: Analytics & Validation

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

Benefits offered by this job

401k and Pension

Medical, dental and vision insurance

11 paid holidays

Job summary

The Federal Home Loan Bank of Chicago is seeking a summer intern to join the Model Risk team for hands-on exposure in financial services. You'll assist with model validation, risk governance, and documentation in a collaborative environment.

Daily tasks involve quantitative testing, reporting risks, and working with MRM analysts and stakeholders. Proficiency with SQL, R, Python and MS Office will support data analysis and result presentation.

Qualifications

• Enrolled in undergraduate/graduate program in a quantitative discipline with GPA at least 3.0
• Interest in risk management and model validation
• Basic understanding in fixed income securities and data analysis

Responsibilities

• Support model validation with quantitative testing and documentation to aid governance
• Identify and report potential model risks to improve model quality
• Collaborate with Bank teams to ensure model risk is effectively managed
• Explain testing results to MRM, model owners and stakeholders; present findings

Skills

Data analysis

Model validation interest

Microsoft Office proficiency

Education

Undergraduate/Graduate program in quantitative discipline

Tools

SQL

R

Python

Excel

Job description

The Federal Home Loan Bank of Chicago is seeking a summer intern to join the Model Risk team for hands-on exposure in financial services. You'll assist with model validation, risk governance, and documentation in a collaborative environment.

Daily tasks involve quantitative testing, reporting risks, and working with MRM analysts and stakeholders. Proficiency with SQL, R, Python and MS Office will support data analysis and result presentation.