Summer Associate Internship (Financial Risk Analyst)
About The Position
Financial Risk Oversight (FRO) provides credible, value-added challenges to first-line activities and serves as a sounding board to enhance financial risk management across the enterprise. FRO reviews, monitors, analyzes, effectively challenges, and reports on first-line financial risk management activities. It plays a role in risk appetite setting, risk identification, and framework design. FRO's key activities include Large Program Assessments, Ad-Hoc Reviews, Recurring Challenges, and Data/Analytics. FRO's key focus areas are Interest Rate/Market Risk, Liquidity Risk, Capital Planning, Funding, Investment Portfolio Management, Derivatives, Counterparty Risk, Mortgage Loan Secondary Marketing, and Fund Transfer Pricing.
Requirements
- Pursuing a degree in Business Administration, Finance, Accounting, Economics, Statistics, Mathematics, Commerce, Data Science/Engineering, or related field
- Familiarity with SQL language and/or Power BI/Tableau software
- Basic understanding and working knowledge of finance and banking concepts
- Familiarity with effective project management skills
- Currently pursuing a degree from an accredited college or university and have an anticipated graduation date of December 2027 or later.
Nice To Haves
- The Summer Associate will complete an end-to-end analysis related to the sensitivity of loan originations to different rate environments for use in the credit union’s Net Interest Income (NII) sensitivity framework.
- At the conclusion of the analysis, the Summer Associate will socialize relevant findings with first line financial risk teams and help assess the feasibility, timeline, and impact of implementing the proposed loan sensitivities into the NII sensitivity framework.
Responsibilities
- Assist in the research for and development of specialized risk assessment scopes
- Gather, synthesize, and organize financial data; present conclusions and risk mitigation, remediation and process improvement solutions to management
- Contribute to the administration of specialized risk assessment and testing lifecycles of business activities, processes, policies and procedures for operational effectiveness and compliance with regulatory requirements, federal and state laws, and Navy Federal‘s quality control standards, policies and procedures
- Support and participate in team projects and initiatives
Benefits
- highly competitive pay
- generous benefits and perks
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What This Job Offers
Career Level
Intern
Education Level
No Education Listed
