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Quantitative Model Validation Intern
Valley National Bancorp
Wayne, NJ, United States
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Job Description
The Risk Intern will conduct independent analyses and validation of financial models.
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.