Model Risk intern
Company: Disability Solutions
Location: Des Moines
Posted on: September 21, 2023
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Job Description:
At FHLB Des Moines, we work each day to develop an inclusive
culture that supports and leverages the complexity of a diverse
workforce. This enables us to effectively serve the needs of our
members and help them succeed.The Model Risk Intern will play an
important role in assessing the Bank's model risk through End User
Computing Tool (EUC) validations, model validations, risk reviews
and ongoing analysis. The Intern will further assist the Model Risk
Management Group (MRMG) in validating EUCs and financial models
throughout the Bank in order to assess model reasonableness,
weaknesses, and risks. The Model Risk Intern will interact with
model owners/users across the Bank to understand current model
performance, development activities and emerging risks.This role
will run approximately May through August of 2024, exact start and
end dates are negotiable around school
schedule.Accountabilities:Participate in End User Computing Tool
(EUC) and Model Validation projects to conduct robust and
comprehensive testing and analysis according to the Bank's policies
and relevant regulatory guidelines.Participate in generating
validation reports detailing conclusions of the model/EUC
validation and discuss findings and recommendations with management
and model owners.Assist in other model/EUC validation activities,
such as assessing the control aspects of models and model-related
EUCs. Qualifications:College Junior or Senior (Master's students
and recent graduates also welcome) working towards a degree in
Quantitative Finance, Statistics, Mathematics, Economics or other
quantitative discipline.Understanding of financial market concepts
and basic fixed-income analytics.Understanding of stochastic
processes, time series analysis, principal component analysis,
optimization, logistic regression, Monte Carlo simulation.Ability
to write clear technical reports and memos.Must be able to
communicate and maintain relationships with model owners and other
stakeholders.Previous internship orgraduate/undergraduateresearch
experience in a related field, such as model validation, financial
modeling, data science, machine leaning and predicative modeling is
desirable.Proficiency with at least one programming languages such
as Python or R is desirable.Proficiency with Microsoft Office
applications (Excel, Word, PowerPoint, Outlook).Strong written and
verbal communication skills required. Compensation Range:: $20.00 -
$25.00This salary range represents the Bank's good faith and
reasonable estimate of possible compensation at the time of hire.
Offer to be determined by selected applicant's education,
experience, knowledge, skills & abilities, as well as internal
equity and alignment with market data. This role is also eligible
to participate in the Bank's annual incentive plan.As part of our
competitive Total Rewards package, the Bank offers 11 paid
holidays, 5 weeks of PTO and a work culture that values work/life
balance. Most roles are eligible for our hybrid work schedule of 3
days per week in office, 2 days per weekwork-from-home.We match
100% of the first 6% you contribute to your 401(k), and provide an
additional 4% non-discretionary contribution to your 401(k) at the
end of year. More information on our Total Rewards program can be
foundhere.At FHLB Des Moines, we celebrate diversity, work to
create an inclusive culture and champion equity in all of our
policies and practices. This enables us to effectively serve the
needs of our members and help them succeed.FHLB Des Moinesis proud
to be an Equal Opportunity Employer. Weprohibit discrimination on
the basis of race, color, religion, sex (including pregnancy,
sexual orientation or gender identity), national origin, age,
disability, veteran status, genetic information (including family
medical history), status as a parent or any other characteristic
protectedby federal, state or local law.
Keywords: Disability Solutions, Des Moines , Model Risk intern, Other , Des Moines, Iowa
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