Risk Management Internship

Posted: Tuesday, May 04, 2021
Location: New York

Department: Risk Management
Reports to: VP Risk Management
Direct report(s): No

General purpose of position

The Risk Management team at Assured Guaranty is seeking an intern to join the team on an ongoing basis.

Model Governance resides within the Risk Management team and is responsible for collecting an inventory of all models utilized by all departments, risk ranking the models according to established criterion, conducting model reviews of a selection of the aforementioned models designated High Risk, and monitoring that established protocols are adhered.

Primary duties/responsibilities

  • The Intern will be responsible for running various software diagnostic tools on primarily Excel-based spreadsheets to ensure conformity with the Company's Model Governance Policy.
  • Utilize diagnostic tools and a manual review process to ensure that a subset of High Risk models are functioning in accordance with the Model Governance Policy and according to industry best practices. 
  • Review models for common traits associated with enhanced spreadsheed risk.
  • Fill out established templates that serve to build the eventual final model review product. 
  • Assist in acquiring required documentation for models, as needed, and in the maintenance of a thorough tracking sheet to ensure the model inventory count is current.
  • Use judgement to decide which parts of each model is at risk of failure.  Succinctly explain these findings at a high level and in accordance with established templates/protocols.

Specific skills, competencies, resources and/or software/technology used on the job

  • Strong Excel skills required
  • Solid written and verbal communication skills
  • Basic coding skills preferred, but not required
  • Ability to handle multiple responsibilities simultaneously

Education, certifications and/or experience requirements

  • Minimum 3.0 GPA.
  • While any discipline will be considered, candidates studying finance, economics, mathematics, accounting, information technology, or similar subjects, will be prioritized.

 

Interested applicants can apply by completeing the application through the link below.

https://boards.greenhouse.io/assuredguaranty/jobs/5230890002

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