State Street Enterprise Risk Management - Interest Rate Risk Internship - Summer 2026

State Street • Boston, MA

1d

About The Position

The Interest Rate Risk Intern will take part in a project aimed at segmenting client deposits to enhance behavioral modeling for interest rate risk. This role offers hands-on experience in data analysis, management, mining, and classification. Interns will also become familiar with various deposit products and customer behaviors, while learning about risk management—especially treasury and interest rate risk—with support from seasoned professionals in the Global Treasury Risk Management group and collaboration with other project participants.

Requirements

• Pursuing a degree in Finance, Economics, Risk Management, Mathematics or a related quantitative field
• Currently enrolled in an undergraduate program
• Proficiency in Microsoft Office Suite (Excel, Access, Word, Outlook, Power Point)
• Familiarity with the use of databases
• Strong written and verbal communication skills
• Strong organizational and multitasking skills
• Strong initiative and problem-solving skills
• Ability to work effectively in a team environment

Nice To Haves

• Previous internship experience is a plus

Responsibilities

• Collect all necessary data inputs to evaluate deposit segmentation.
• Implement appropriate data cleansing and imputation methods as needed.
• Perform research on data mining and classification methodologies.
• Develop a thorough understanding of State Street’s deposit product characteristics.
• Analyze the primary factors driving interest rate risk exposure in State Street’s deposit products, working closely with the GTRM group.
• Work collaboratively with the GTRM group and other stakeholders to identify potential segmentation attributes.
• Evaluate various segmentation strategies by integrating key attributes considering their materiality and influence on risk drivers’ behavior.
• Contribute to the formulation of a segmentation proposal for non-maturity deposits.
• Compile comprehensive documentation of project findings and outcomes.

Benefits

• Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
• For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
• inclusive development opportunities
• flexible work-life support
• paid volunteer days
• vibrant employee networks

What This Job Offers

• Career Level: Intern
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees