Model Validation Intern
FHLBank Pittsburgh offers 12-week paid internships as a part of its talent acquisition strategy. Talented students are provided with the opportunity to gain hands-on work experience, explore their career interests and broaden their professional network while helping FHLBank Pittsburgh achieve its business objectives and strategic goals. The program is designed to offer a substantive experience by exposing talented students to the banking industry and our culture of development through clearly defined responsibilities and/or projects.
To promote collaboration and relationship building, FHLBank Pittsburgh operates in a hybrid model with employees in the office three days per week and remote two days per week.
The Model Validation Intern will:
- Perform inspection of EUCs and document their review through inspection forms. This includes both M-EUCs related to model validations as well as High Risk EUCs sampled by Enterprise Risk Management for supplemental inspection.
- Assist in components of model validation work with the supervision of MRM manager and analysts.
- Assist in testing and potentially contributing to MRM’s Python toolbox used for automating MRM tasks/analyses and providing benchmark results for model validation purposes.
Required Experience
- Students must be enrolled in an accredited four-year institution and have completed at least their sophomore year with a minimum GPA of 3.0
- Students must be pursuing a relevant field of study (e.g., finance, mathematics, statistics/machine learning, data science/analytics or other related fields) and have the ability to work, at a minimum, May/June through August of the internship year
- Experience in Python programming
- Familiarity with basic quantitative finance and accounting concepts (PV cash flows, durations, financial ratios, etc.)
- Skilled in Microsoft Excel and general statistical concepts
- Preferred experience with machine learning and advanced statistical modeling, knowledge of SQL or similar query languages, familiarity with GitHub and VS Code