Model Risk Management Intern

## An internship with The Federal Home Loan Bank of Chicago An internship with The Federal Home Loan Bank of Chicago is not like your average internship. We can offer you a dynamic, collaborative and team-focused environment you will not find anywhere else. You will be engaged in projects that will provide you with real world, hands-on experience in the exciting world of financial services. We are currently seeking a summer intern to work in our Model Risk team. ## How you’ll make an impact: - Support model validation and risk governance through various technical (e.g. data analytics and quantitative modeling) and administrative (e.g. documentation) tasks - Identify and report potential model risks to improve the overall quality of models - Collaborate with other teams within the Bank to ensure model risk being effectively managed ## Model Risk Responsibilities - Perform quantitative testing and qualitative review to assist in model validation - Work effectively with MRM risk analysts as well as other teams of the Bank and perform ad-hoc analysis to support model-related initiatives - Explain and present testing results to MRM, model owners and other stakeholders - Research new ways to automate/improve modeling process ## Requirements - Enrolled in undergraduate/graduate program in a quantitative discipline (e.g. Finance, Economics, Mathematics, Statistics) 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)