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Intern - Risk Management

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GM Financial

1mo ago

  • Internship
    Full-time
    Summer Internship
  • Data
    Business, Operations & Strategy
  • Detroit

AI generated summary

  • You must be a current student in Business, Economics, or Finance, with a 3.0 GPA, strong communication and analytical skills, detail-oriented, and able to work independently or in a team.
  • You will validate models, communicate policy changes, support documentation reviews, ensure adherence to governance, create analytics, and facilitate issue resolution across model management processes.

Requirements

  • Must be a current student pursuing a bachelor's degree or higher from an accredited college or university in Business Administration, Economics, or Finance with at least one semester remaining upon start of the internship.
  • Must possess a minimum of a 3.0 (out of a 4-point scale) overall GPA.
  • Junior or Senior classification preferred.
  • Strong written and verbal communication skills required. This incumbent will be required to give presentations and communicate with business leaders.
  • Strong analytical, quantitative, problem solving, and conceptual skills required.
  • Must be detail oriented and able to prioritize tasks to meet deadlines.
  • Must be able to work independently or in a team setting.
  • Previous internships are considered a plus.

Responsibilities

  • Execution model validation on high, medium, and low models
  • Interface with all lines of business executives, business partners, model owners, model developers and model users
  • Communication of policy requirements and changes to model developers and owners
  • Provide input to model validation framework and policy changes
  • Review department model governance procedures towards ensuring adherence to the policy
  • Tracking model owner adherence to differing risk-level-based policy
  • Participating in both internal and external model validation processes as warranted
  • Supporting periodic review of model validation documentation/ internal reviews for consistency to policy
  • Write and present validation findings and pursuant remediation plans to ensure resolution in a timely manner
  • Managing model attestation process
  • Assign Model Validation Result Scores, and monitor other standard Model Risk Key Risk Indicators (KRIs) for improvement
  • Help maintain a comprehensive, centralized, and standardized model inventory
  • Ensure appropriate documentation is in place
  • Create analytics and reporting for the appropriate levels, including senior and executive management and risk committees
  • Review model monitoring performance thresholds established in collaboration with the model owners
  • Facilitate resolution and/or escalation of issues within the specified times

FAQs

What is the duration of the internship program?

The internship program lasts for 12 weeks, from May 21 to August 8.

What qualifications are required for this internship?

Candidates must be current students pursuing a bachelor's degree or higher in Business Administration, Economics, or Finance, with at least one semester remaining upon the start of the internship, and should have a minimum GPA of 3.0.

Is prior internship experience necessary?

Previous internships are considered a plus, but not a requirement for this position.

What type of projects will interns be involved in?

Interns will work on stimulating projects that involve data analysis, model validation, and providing input on model risk management initiatives.

Will interns have networking opportunities?

Yes, the program offers executive and peer networking opportunities as part of the internship experience.

What are the working hours like for this internship?

The internship follows a flexible hybrid work environment, requiring interns to be in the office two days a week.

What skills are important for this internship?

Strong written and verbal communication skills, analytical and quantitative skills, attention to detail, and the ability to work independently or as part of a team are important for this role.

Does GM Financial offer full-time positions after the internship?

Yes, there is an opportunity for interns to apply for full-time career positions upon completion of the internship program.

Is sponsorship for a work visa available for this position?

No, GM Financial does not provide sponsorship for a work visa status for this internship.

Who will interns communicate with during the internship?

Interns will interface with lines of business executives, business partners, model owners, model developers, and model users.

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GM Financial

Teamwork | Excellence | Integrity | Diversity, Equity and Inclusion | Community Investment

Finance
Industry
5001-10,000
Employees
1992
Founded Year

Mission & Purpose

GM Financial is the captive finance company and the wholly owned subsidiary of General Motors and is headquartered in Fort Worth, Texas. The company is a global provider of auto finance solutions, with operations in North America, Latin America and China. Through our long-standing relationships with auto dealers, we offer attractive retail loan and lease programs to meet the needs of each customer. We also offer commercial lending products to dealers to help them finance and grow their businesses. GM Financial employs more than 9,000 hard-working team members, and we're always looking for new people with diverse talents. GM Financial is a workplace where dedicated people have the opportunity to work together and celebrate our successes. Our culture is based on respect, integrity, innovation and personal development. GM Financial is committed to strengthening the communities where we live and work. Each year, we select several philanthropic organizations to support through our Signature Events program. The company and its team members actively support these organizations through many company-wide initiatives; in addition we support numerous other nonprofit organizations through sponsorships and monetary donations. For more information, visit www.gmfinancial.com. NMLS #2108 (https://nationwidelicensingsystem.org/about/Pages/NMLSConsumerAccess.aspx)