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Risk Modeling Intern

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Santander

4d ago

  • Internship
    Full-time
    Summer Internship
  • Data
    Banking & Finance
  • Boston

AI generated summary

  • You must be a graduate student in a quantitative field with a GPA of 3.0+, strong analytical skills, effective communication, adaptability, and a commitment to inclusion.
  • You will develop loss forecasting models, support stress test design, monitor projects, ensure model quality, analyze results, and document findings while promoting a diverse and inclusive environment.

Requirements

  • Currently enrolled in a graduate program in a quantitative field at a University or College
  • Expected graduation date between December 2025 – May 2026
  • Minimum cumulative GPA of 3.00
  • Expertise in delivering high quality work products, reflecting attention to detail and analytical process
  • Excellent written and verbal communication skills and the ability to interact with senior leaders across departments
  • Ability to quickly grasp complex concepts, including global business and regulatory matters
  • Ability to adjust to new developments/changing circumstances
  • Self-directed, self-motivated and demonstrated experience providing ideas and solutions to further business understanding
  • Ability to work in an environment that supports employees from all backgrounds and fosters an environment of inclusion.

Responsibilities

  • Supports the Risk Modeling team to develop loss forecasting models for different regulatory exercises.
  • Participates in the design and evolution of the Company's existing suite of stress test forecasting models.
  • Monitors and reports on management of projects and third party engagements for team in accordance with Corporate project management policies.
  • Researches and maintains regulatory requirements and publications relevant to model risk.
  • Prepares and reviews independent model validation reports for clarity and consistency.
  • Manages the overall quality control process of model development and validations.
  • Monitors and reports on management of projects and third party engagement for team.
  • Documents, communicates, and incorporates risk modeling analysis as needed.
  • Analyzes and documents the risk modeling results for a wide range of internal and external audiences including senior management and regulators.
  • Evaluates the strengths and weaknesses of existing controls and provides recommendations on opportunities for improvement.
  • Part of an environment of diversity, equity, and inclusion where all perspectives are valued and all people are welcomed.

FAQs

What is the location of the Risk Modeling Intern position?

The position is located in Boston, MA.

Is relocation assistance provided for this internship?

No, the internship program does not offer any relocation assistance.

What is the expected graduation date for applicants?

Applicants should have an anticipated graduation date between December 2025 and May 2026.

What is the minimum GPA requirement for this internship?

The minimum cumulative GPA requirement is 3.00.

What academic background is required for this internship?

Applicants must be currently enrolled in a graduate program in a quantitative field at a University or College.

What kind of tasks will the intern be involved in?

The intern will support the Risk Modeling team in developing loss forecasting models, participate in the design of stress test forecasting models, monitor projects, and analyze risk modeling results.

Are there any physical requirements for the job?

Yes, the position may require the ability to lift, push, or pull materials weighing up to twenty (20) pounds and may also involve sitting and reviewing information on a computer screen for long periods.

What is the salary range for this position?

The base pay range for this position is $83,200 per year.

How inclusive is the work environment?

The company fosters an environment of diversity, equity, and inclusion where all perspectives are valued and all people are welcomed.

Are there any travel requirements for the role?

Yes, travel to multiple facilities may be required.

Santander

Here to help you prosper

Finance
Industry
10,001+
Employees
1857
Founded Year

Mission & Purpose

Santander is a leading global bank, founded in 1857 and headquartered in Spain, and is one of the largest banks in the world by market capitalisation. It provides a wide range of financial products and services, including personal and corporate banking, wealth management, and insurance. With a strong presence in Europe, Latin America, North America, and Asia, Santander's mission is to help people and businesses prosper by offering customer-centric solutions. Its purpose is to support growth and innovation while fostering responsible banking practices to benefit individuals, businesses, and communities.