Model Risk Management Intern [2027 Internship Program]

About the role

As a Model Risk Management Intern at DTCC, you will gain exposure to DTCC’s enterprise-wide approach to identifying, measuring, monitoring, and managing model risk. Model Risk Management provides independent oversight of day-to-day model risk management activities and supports front-line units in managing risk related to the design, development, implementation, and use of models. You will support validation, analysis, documentation, and governance activities while building a practical understanding of model risk frameworks and standards.

At DTCC, interns contribute to meaningful work while learning how the financial markets operate behind the scenes. You will be part of a structured summer experience that combines team-based project work, training, feedback, mentorship, and opportunities to connect with leaders and peers.

About the Summer Internship Program

The Summer Internship Program is a 10-week experience designed to build a strong foundation for early-career talent. The program includes orientation, training, manager engagement, feedback milestones, networking, and development experiences that help students explore potential full-time career paths, including EDGE where applicable.

What you will gain

• Hands-on work connected to real business priorities, not only observation or administrative tasks.
• Structured orientation and training to help you understand DTCC, the industry, and your business area.
• Manager support, mentorship, peer connection, and opportunities to build your network.
• Development experiences focused on communication, feedback, professional skills, and career readiness.
• Mid-point and final feedback to help you understand your strengths, development areas, and potential next steps.
• Exposure to DTCC culture, values, and community engagement.

Responsibilities

• Support model validation, analysis, documentation, and governance activities while learning how DTCC manages model risk across the enterprise.
• Prepare, clean, and analyze data used in model validation testing, benchmarking exercises, and related analytical reviews.
• Develop validation scripts, analytical tools, and process enhancements using programming languages such as Python, R, or similar tools.
• Perform validation tests and investigate model behavior, assumptions, performance, and results to support effective model risk oversight.
• Assist in documenting validation findings, observations, conclusions, and supporting analysis in formal reports and governance materials.
• Participate in team meetings, knowledge-sharing sessions, research efforts, ad hoc projects, and continuous improvement initiatives within Model Risk Management.

Requirements

• Currently pursuing a bachelor’s degree in Risk, Statistics, Economics, Finance, Computer Science, Business and Technology Management, MIS, or a related quantitative field.
• Expected graduation date: Spring 2028
• Minimum GPA: 3.2
• Authorization to work permanently in the United States without current or future sponsorship.

Preferred qualifications

• Coursework, projects, prior work, internship, student organization, volunteer, or leadership experience related to the role.
• Interest in financial services, technology, operations, risk, data, business, or the specific business area.
• Proficient computer and technical skills (Microsoft Office Suite – Excel, PowerPoint, Power BI, etc.).

What makes you successful

• Curiosity, initiative, and willingness to ask questions.
• Strong communication, organization, and follow-through.
• Analytical thinking and attention to detail.
• Ability to use feedback and adapt as you learn.
• Collaboration, professionalism, and accountability.

Benefits and work model

• Competitive hourly compensation.
• Hybrid work model: 3 days in office and 2 days remote, based on team schedule.