Risk Intern - Financial Risk Management
Risk Intern - Financial Risk Management
New York City (Hybrid)
The Program
The internship is a hands-on experience where you will be working directly with our teams in risk to develop solutions to complex challenges.
This is a 10-week internship program, commencing on June 2nd and ending on August 8th. Candidates must be available for the entire program to be considered.
In addition to your day-to-day responsibilities, you will work on a Project, culminating in a presentation to your manager and leaders in the business.
Please note this is a hybrid position requiring you to work at least 3 days in our office in New York City.
Primary responsibilities
Develop and implement risk solutions and analytics, to decompose and attribute key risk factors using advanced quantitative methodologies.
During your internship you will work directly with the Financial Risk Management Team on 2 key initiatives.
1/ Process automation – develop solutions to automate repetitive tasks such as data collection, data validation and reporting.
2/ Develop scripts or tools to support new risk management initiatives such as stress testing or scenario analysis.
Your contributions will directly enhance our risk management processes, making them more efficient and robust.
Skills & Experience
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Studying for a Bachelor’s or Master’s in Finance, Engineering, Financial Engineering, Quantitative Finance, Economics or related discipline required.
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General Knowledge of fixed income and derivative markets, products and risks
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Quantitative, analytical and statistical skills with keen attention to detail.
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Programming skills including Python/Java, VBA, SQL. Familiarity with object-oriented programming concepts and design patterns.
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Ability to prototype and program risk system solutions and reports.
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Team player with great communication skills.
Hourly rate – $25 - $30 per hour
Skills:
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What We Do
The Federal Home Loan Bank of New York (FHLBNY) is a privately-owned wholesale bank that helps community lenders in New Jersey, New York, Puerto Rico and the U.S. Virgin Islands advance housing and community growth. The FHLBNY membership is comprised of commercial banks, savings banks, savings and loans, credit unions, insurance companies and community development financial institutions.
The FHLBNY is part of the Congressionally-chartered, nationwide Federal Home Loan Bank System, which was created in 1932 to provide a flexible liquidity source for member community lenders engaged in home mortgage and neighborhood lending. The mission of the FHLBNY is to advance housing opportunity and local community development by maximizing the capacity of community-based member lenders to serve their markets.
Since the FHLBNY is a secured lender, all of its credit products require real estate related collateral. The FHLBNY enables local lenders to extend affordable credit to their communities. Thanks to the Federal Home Loan Bank System, communities across the country have access to more affordable housing, small business, and community development programs.
