Logo of Huzzle

Enterprise Risk Management Risk Analyst Internship

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

AI generated summary

  • You should have a Master's in finance or related fields, strong analytical skills, proficiency in R or similar tools, and effective communication skills. Attention to detail and independence are key.
  • You will assist in MRM program implementation, model validations, report production, monitoring end-user computing tools, and perform additional tasks as directed by management.

Requirements

  • Knowledge at a level normally acquired through the completion of a Master’s Degree in financial mathematics, finance, economics, econometrics, statistics or engineering.
  • Strong analytical and quantitative skills including working knowledge and understanding of econometric modeling, probability theories, and fixed income and credit modeling.
  • Advanced proficiency in statistical programming tools (Such as SAS, Stata or R (preferred)) and Microsoft Office (particularly Excel and Word).
  • Attention to detail, initiative, ability to work independently, and a strong work ethic.
  • Effective interpersonal skills, both verbal and written, to research, create, and present reports and analyses.

Responsibilities

  • Assists in the implementation of MRM program.
  • Assists with model validations by testing and reviewing model results, researching and assessing model theory, and reviewing model operations/procedures.
  • Assists in the production of analysis and reports aimed at communicating model risks to management and the Board.
  • Provides assistance on monitoring and governance of end-user computing tools (e.g., Excel, Stata, R) especially as related to models.
  • Performs additional duties as requested by management.

FAQs

What is the primary focus of the Enterprise Risk Management Risk Analyst Internship?

The primary focus is to assist in maintaining the Bank-wide Model Risk Management program (MRM) to ensure compliance with internal policies, regulatory guidance, best practices, and adherence to a strong control environment.

What qualifications are required for this internship?

A Master’s Degree in financial mathematics, finance, economics, econometrics, statistics, or engineering is required, along with strong analytical and quantitative skills.

What programming tools should candidates be familiar with for this internship?

Candidates should have advanced proficiency in statistical programming tools such as SAS, Stata, or R (preferred), as well as Microsoft Office, particularly Excel and Word.

What type of work will the intern be doing?

The intern will assist in model validations, production of analysis reports, monitoring end-user computing tools, and performing additional duties as requested by management.

Is prior experience in risk management necessary for this position?

While not explicitly stated, having a background or knowledge in risk management, econometric modeling, and probability theories would be advantageous.

What kind of skills are emphasized for this position?

Strong analytical and quantitative skills, attention to detail, initiative, independence, effective interpersonal skills, and the ability to create and present reports are emphasized.

What are the working conditions for this internship?

The working conditions are a normal hybrid office environment with flexibility.

Can this internship be completed entirely remotely?

No, this internship is hybrid, meaning that some in-office presence will be required.

A cooperatively owned regional wholesale bank supporting housing finance and affordable housing in KY, OH and TN.

Finance
Industry
201-500
Employees
1932
Founded Year

Mission & Purpose

The Federal Home Loan Bank of Cincinnati (FHLB) is a regional wholesale bank providing housing finance and economic development products and services to more than 600 member institutions located in the Fifth FHLB District of Kentucky, Ohio, and Tennessee. The FHLB System, including 11 district banks and over 6,000 members, was chartered in 1932 by the U.S. Congress to provide liquidity and other funding for housing finance. The FHLB is wholly owned by its member institution stockholders and does not use taxpayer dollars. We recognize and appreciate the valuable contribution of a diverse workforce!