FAQs
What is the main focus of the Model Risk Management intern position?
The main focus of the Model Risk Management intern position is to support end-to-end validations of Navy Federal’s machine learning models by analyzing the models’ data, conceptual soundness, key assumptions, limitations, and performance.
What are the programming languages required for this internship?
The internship requires skills in Python or R for data analysis, along with proficiency in SQL for querying and transforming data.
What educational background is preferred for this internship?
The ideal candidate should be pursuing a master’s or doctoral degree in Data Science, Statistics, Mathematics, Computer Science, Engineering, or another quantitative field, or a related area.
What kind of projects will interns work on?
Interns will work on validating machine learning models across various subject domains, such as fraud detection, targeted marketing, and natural language processing.
Will interns have the opportunity to present their findings?
Yes, interns will prepare and present clear, thorough reports to model developers and model owners, explaining their analysis, findings, and recommendations for improvement.
Is experience in the financial services industry required for this role?
While not strictly required, experience in developing production models within the financial services industry is a desired qualification for the role.
What type of skills are expected in terms of analytics?
Candidates should demonstrate skills in descriptive, predictive, and prescriptive analytics, as well as the ability to analyze current and historical data to identify risks and opportunities.
Are there opportunities for growth or future employment after the internship?
Yes, Navy Federal values career development and offers a meaningful career experience with the potential for future employment after the internship.
What is the work environment like for this internship?
The internship is in a hybrid workplace environment, which allows for a mix of remote and in-office work.
Does Navy Federal promote diversity and inclusion in the workplace?
Yes, Navy Federal values and enacts diversity in the workplace and considers all qualified applicants for employment without regard to various factors such as race, gender, or disability.