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Market Risk Management Intern (Non-Campus) - Summer 2025

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PNC

24d ago

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

AI generated summary

  • You must be pursuing or have recently completed a Master's in Computational Finance, Financial Engineering, Statistics, or Applied Mathematics, or have a relevant combination of education and experience.
  • You will analyze and maintain risk management models, assess risk parameters, lead analytical projects, partner with model developers, and develop reporting infrastructure for financial products.

Requirements

  • Individuals who are working towards a Master's degree or recently completed Master's in the following fields: Computational Finance, Financial Engineering, Statistics, or Applied Mathematics is required.
  • Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role.
  • Roles at this level are filled by recent university / college graduates with little or no professional experience, but possessing relevant skills. Includes individuals joining the organization through a Corporate development/ training program.
  • In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.
  • No Degree
  • No Required Certification(s)
  • No Required License(s)

Responsibilities

  • operating financial models related to market risk, liquidity risk, capital adequacy, regulatory reporting requirements and/or credit/counterparty exposures
  • maintaining risk management models including review and validation of data sources, documentation, outputs
  • analyzing results of various processes such as VaR models, Potential Future Exposure (PFE) models, capital adequacy, liquidity stress tests, backtesting and/or P&L attribution to support current regulatory requirements
  • assessing and understanding movements in risk parameters and their impact on risk
  • leading and executing analytical projects, from solution design and data integrity evaluation through documentation and implementation
  • partnering with model developers to design and user acceptance test new market risk models
  • developing reporting infrastructure, including databases, for financial products, leveraging knowledge of computational methodologies and assisting other business groups to better utilize system capabilities and meet requirements

FAQs

What is the location of the Market Risk Management Intern position?

The position is located in Pittsburgh, PA or Philadelphia, PA.

What is the primary function of the Market Risk Management Intern?

The primary function of the intern is to operate financial models related to market risk, liquidity risk, capital adequacy, regulatory reporting requirements, and credit/counterparty exposures.

What type of educational background is preferred for this internship?

Candidates are preferred to be working towards or recently completed a Master's degree in fields such as Computational Finance, Financial Engineering, Statistics, or Applied Mathematics.

How often is the intern expected to be in the office?

The position requires time in the office or in the field on a regular basis, with some responsibilities that may be performed remotely at the manager's discretion.

What skills are required for success in this role?

Required skills include accuracy and attention to detail, analytical thinking, effective communication, flexibility and adaptability, initiative, and self-directed growth and development.

Is prior professional experience required for this internship?

No, recent university/college graduates with little or no professional experience are encouraged to apply, as long as they possess relevant skills.

What kind of projects might the intern lead or participate in?

The intern might lead and execute analytical projects, partner with model developers to design new market risk models, and develop reporting infrastructure for financial products.

Does PNC provide benefits for interns?

The job description does not specify intern benefits, but full-time employees receive a comprehensive range of benefits that may also extend to interns in some capacity.

What is PNC’s stance on diversity and inclusion?

PNC is committed to fostering an inclusive workplace culture where all employees feel respected and valued, and provides equal employment opportunities regardless of various protected categories.

How can applicants request accommodations during the application process?

Applicants can request accommodations by emailing AccommodationRequest@pnc.com with "accommodation request" in the subject line and including their name, the job ID, and preferred contact method.

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PNC

Finance
Industry
10,001+
Employees

Mission & Purpose

For more than 160 years, we’ve been committed to making a difference for our customers, communities and employees. Our Main Street banking model means we are uniquely rooted in the places where we operate, living in and supporting the communities in which we do business – understanding our customers are our neighbors. Through our growth into one of the nation’s leading banks, we are helping customers from coast-to-coast protect and grow their wealth. By combining what customers love about community banks with the security, technology, and capabilities of a top bank, we are helping everyone move forward financially. See how we can make a difference for you.