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Model Risk Intern

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Federal Home Loan Bank of Pittsburgh

Feb 29, 2024

Applications are closed

  • Internship
    Part-time
    Off-cycle Internship
  • Banking & Finance
  • Pittsburgh

Requirements

  • Students must be enrolled in an accredited four-year institution and have completed at least their sophomore year with a GPA of 3.0
  • Students must be pursuing a relevant field of study (e.g., finance, mathematics, statistics/machine learning or other related fields) and have the ability to work, at a minimum, May/June through August of the internship year
  • Familiarity with basic quantitative finance and accounting concepts (PV cash flows, durations, financial ratios, etc.)
  • Skilled in Microsoft Excel and general statistical concepts
  • Knowledge of SQL or similar query languages
  • Python programming (or similar languages) abilities desired
  • Machine learning and advanced statistical modeling abilities a bonus

Responsibilities

  • Serve as the primary inspector of End-User Computing tools
  • Assist with automating, streamlining model risk management calculations and processes with Python
  • Participate in model validation report analysis and write-ups
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Federal Home Loan Bank of Pittsburgh

Finance
Industry
201-500
Employees
1932
Founded Year

Mission & Purpose

FHLBank Pittsburgh provides reliable funding and liquidity to its member financial institutions, which include commercial and savings banks, community development financial institutions, credit unions and insurance companies in Delaware, Pennsylvania and West Virginia. FHLBank products and resources help support community lending, housing and economic development. As one of 11 Federal Home Loan Banks established by Congress, FHLBank has been an integral and reliable part of the financial system since 1932. Learn more by visiting www.fhlb-pgh.com. Interested in working at FHLBank Pittsburgh? Whether you’re a recent grad, seasoned professional or just planning your next career move, the Bank may be your gateway to professional challenge, advancement and success. We differentiate ourselves through our talent in the areas of information technology, capital markets, sales and marketing, risk, finance, internal audit, and operations and support. Check out all of our current employment opportunities at www.fhlb-pgh.com. Although our asset size is large, we enjoy a small-company atmosphere. We also offer competitive salaries, incentive opportunities, benefits, and a reward and recognition program, and are committed to creating a diverse workforce. A major city with small-town appeal, Pittsburgh is consistently ranked as one of America’s most livable cities.