About the role#
As a Model Risk Management Intern, you will gain exposure to how DTCC identifies, measures, and manages model risk across the enterprise. You will support independent oversight of model risk activities and assist front-line units with the design, development, and implementation of models. This 10-week summer program includes orientation, training, mentorship, and project work.
What you'll do#
- Prepare, clean, and analyze data for model validation testing, benchmarking, and analytical reviews.
- Write validation scripts and build analytical tools using Python or R.
- Run validation tests to investigate model behavior, performance, and underlying assumptions.
- Document validation findings, conclusions, and supporting analysis for formal reports.
- Attend team meetings, research sessions, and contribute to continuous improvement initiatives.
What you'll need#
- Current pursuit of a bachelor’s degree in Statistics, Economics, Finance, Computer Science, Business and Technology Management, MIS, or a related quantitative field.
- Expected graduation date in Spring 2028.
- Minimum GPA of 3.2.
- Authorization to work permanently in the United States without current or future sponsorship.
Location & details#
- Location: Jersey City, New Jersey.
- Term: Summer 2027.
- Work Modality: Hybrid (3 days in office, 2 days remote).
- Employment Type: Full-time, paid internship.
About The Depository Trust & Clearing Corporation (DTCC)
The Depository Trust and Clearing Corporation provides post-trade market infrastructure for the global financial services industry. Founded in 1973, the firm automates and standardizes the processing of financial transactions for broker-dealers, custodian banks, and asset managers. It operates from 20 locations worldwide with its headquarters in Jersey City, New Jersey. The company employs over 7,500 people and focuses on clearing, settlement, and asset servicing.
How to get in at The Depository Trust & Clearing Corporation (DTCC)
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