Intern - Quantitative Risk - Morristown, NJ

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The Risk Intern will conduct independent analyses and validation of financial models.

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Responsibilities include but are not limited to:

• Conduct independent quantitative validation and provide challenges to financial models (70%).
• Document all the analyses, testing, and validations (25%).
• Work with model users to identify model risks and establish mitigating controls (5%).

• Solid foundation of statistics and statistical analysis.
• Extensive experience of Statistical package, such as R.
• Deep Understanding of financial models and markets, including options and derivatives.
• Strong analytic and problem-solving skills.
• Proficient programming skills: R, SQL, Python, Microsoft Office.
• Knowledge of Artificial Intelligence and Machine Learning is preferred.
• Highly organized, detail oriented and good coordination skills to manage numerous inputs and data sources.
• Strong verbal and written communication and presentation skills.
• Work independently as well as collaboratively.

• Bachelor Degree in Economics/Econometrics or related quantitative field (mathematics, physics, chemistry, computer science, finance).
• Master Degree in Financial Engineering or other quantitative field preferred.

Full-time

Non-exempt

Pay Range Pay Range

The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay.

The actual pay rate will depend on the person's qualifications and experience.

$55,700.00 - $92,900.00 / year

In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.