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Market Risk Management Intern - Summer 2024

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2mo ago

🚀 Summer Internship


⌛ Closed
Applications are closed

Summer Internship

Banking & Finance•Pittsburgh


  • As a Market Risk Management Intern within PNC's Market Risk Management organization, you will be located in Pittsburgh, PA.


  • 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.

Education requirements

Currently Studying

Area of Responsibilities

Banking & Finance


  • 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; and
  • 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.
  • Job Description:
  • Participates as an intern performing various functions within a line of business.
  • Performs or assists with the core activities of the group by applying knowledge learned to drive business results (e.g. deal, sales, or process support, internal or external customer interaction or supporting internal projects). Works under supervision and may have limited approval and/or exception authority.
  • Participates in social learning within the organization (e.g. identifies and networks with business representatives and peers, participates in mentoring, job shadowing and community outreach)


Work type

Full time

Work mode