Credit Risk Management Department Risk Analytics - Model Intern

Bank of China Limited, New York Branch • New York, NY

3d

About The Position

The Credit Risk Management Department Risk Analytics team is seeking an intern to assist senior members with Business As Usual (BAU) activities. This role involves collecting data, running credit risk ratings, CECL (Current Expected Credit Losses), and Stress Tests. The intern will aggregate model outputs, perform data analysis, and document models for model risk management purposes, including internal model reviews and audits. The position also entails participating in the model lifecycle and assisting with the remediation of findings or regulatory issues, such as Model Risk Assessment (MRA).

Requirements

• Advanced degree in quantitative fields such as Math, Statistics, Physics, Computer Science, Financial Engineering, etc.
• Familiarity with programming languages such as VBA, Python, and SQL.
• Excellent written and verbal communication skills.
• Strong organizational and time management skills.
• Ability to work independently and collaboratively in a team environment.
• Eagerness to learn and take initiatives.
• Basic knowledge of finance-related tools, concepts, or technologies.
• Problem-solving and critical thinking skills.

Responsibilities

• Coordinate risk rating requests from Front Line Units (FLUs) and CRM CA teams, understand model setup and requirements, and generate rating reports.
• Assist in running quarterly stress tests, aggregating results, performing in-depth analysis, and preparing reports.
• Update model documentation for Enterprise Risk Management (ERM) reviews, assist with finding remediation, and track the status of findings/issues.
• Collect necessary data from various locations or sources, clean the data, and report outcomes in designated formats (e.g., CECL scenarios, loan rating history, major events).
• Assist the team lead with administrative tasks, including invoice processing, meeting organization and minutes, and meeting deck preparation.

What This Job Offers

• Career Level: Intern