Job Information
Valley National Bank Intern - Quantitative Risk - Morristown, NJ in Morristown, New Jersey
Intern - Quantitative Risk
#25-348
Morristown, New Jersey, United States
Job Overview
The Risk Intern will conduct independent analyses and validation of financial models.
Expected Work Hours
25
Job Description
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%).
Requirements
Required Skills:
- 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.
Required Experience:
- 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/Part-time
Full-time
FLSA
Non-exempt
Location(s)
Morristown, New Jersey, United States
Job Details
Pay Range Pay Range
$55,700.00 - $92,900.00 / year
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.
Pay Transparency
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.
Valley National Bank is an Equal Opportunity / Affirmative Action Employer. All qualified applicants are encouraged to apply, and will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or other legally protected characteristics, and will not be discriminated against on the basis of disability.