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Intern - Risk
Morristown, NJ
Job/Internship Description
The Risk Intern will conduct independent analyses and validation of financial models.
25
Responsibilities include but are not limited to:
Exact compensation may vary based on skills, experience, and location.
$54,600.00
$91,000.00
Valley National Bank is an Equal Opportunity / Affirmative Action Employer. All qualified applicants are encouraged to apply, and will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or other legally protected characteristics, and will not be discriminated against on the basis of disability.
25
Responsibilities include but are not limited to:
- Conduct independent quantitative validation and provide challenges to financial models (70%).
- Document all the analyses, testing, and validations (25%).
- Work with model users to identify model risks and establish mitigating controls (5%).
Required Skills:
- Solid foundation of statistics and statistical analysis.
- Extensive experience of Statistical package, such as R.
- Deep Understanding of financial models and markets, including options and derivatives.
- Strong analytic and problem-solving skills.
- Proficient programming skills: R, SQL, Python, Microsoft Office.
- Knowledge of Artificial Intelligence and Machine Learning is preferred.
- Highly organized, detail oriented and good coordination skills to manage numerous inputs and data sources.
- Strong verbal and written communication and presentation skills.
- Work independently as well as collaboratively.
Required Experience:
- Bachelor Degree in Economics/Econometrics or related quantitative field (mathematics, physics, chemistry, computer science, finance).
- Master Degree in Financial Engineering or other quantitative field preferred.
Exact compensation may vary based on skills, experience, and location.
$54,600.00
$91,000.00
Valley National Bank is an Equal Opportunity / Affirmative Action Employer. All qualified applicants are encouraged to apply, and will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or other legally protected characteristics, and will not be discriminated against on the basis of disability.
Position Summary
Company
Start Date
As soon as possible
Employment Type
Full Time
Period of Employment
Open
Type of Compensation
Paid
Salary and Benefits
$54,600.00-$91,000.00
College Credits Earned
No
Tuition Assistance
No
Required Student Status
Open
Preferred Majors
Other
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