Federal Home Loan Bank of New York · 1 day ago
Intern - Model Risk Management
New York, United States
Internship
Onsite
Intern
$27/hr - $27/hrThe Federal Home Loan Bank of New York is offering a 10-week full time summer internship opportunity in Model Risk Management. The role involves supporting model risk efforts, reviewing innovative modeling initiatives, and utilizing AI/ML tools for analysis and monitoring.
Financial ServicesInsuranceVenture Capital
Responsibilities
Perform model or tool (such as AI use cases) review from model risk perspectives
Utilize AI/ML tools to analyze models or model implementation
Analyze model risk implications per regulatory requirements such as using VantageScore 4 for mortgage credit rating
Benchmark model performance
Contribute to Ad-hoc projects as needed
Qualification
Required
Candidates must be available for the entire program to be considered
Quantitative and analytically oriented especially with models, statistical analysis, data analysis, Machine Learning (ML) and Artificial Intelligence (AI) analysis
Fluency with statistical and numerical methods such as regressions, probability theory, Monte Carlo simulation, default forecasting
Excellent verbal and written communicator
Team player adaptable to changing roles and requirements
Excellent computing skills, Python, Excel, Visual Basic, etc
Preferred
General understanding or course work of fixed income markets, products, pricing, and risk management a plus
General understanding of Federal Home Loan Bank mission and business model is a plus
Company
Federal Home Loan Bank of New York
Federal Home Loan Bank of New York is a banking firm providing financial liquidity to financial institutions in New York and New Jersey.
Founded in 1932
201-500 employees
H1B Sponsorship
Federal Home Loan Bank of New York has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2021 (1)
Funding
Current Stage
Growth StageLeadership Team
Randolph Snook
President and CEO
Recent News
Company data provided by crunchbase