Reference #: R291 FHLBank Pittsburgh offers 12-week paid internships as a part of its talent acquisition strategy. Talented students are provided with the opportunity to gain hands-on work experience, explore their career interests and broaden their professional network while helping FHLBank Pittsburgh achieve its business objectives and strategic goals. The program is designed to offer a substantive experience by exposing talented students to the banking industry and our culture of development through clearly defined responsibilities and/or projects.

To promote collaboration and relationship building, FHLBank Pittsburgh operates in a hybrid model with employees in the office three days per week and remote two days per week.

The Model Risk Intern will:

Serve as the primary inspector of End-User Computing tools

Assist with automating, streamlining model risk management calculations and processes with Python

Participate in model validation report analysis and write-ups

Required Experience

Students must be enrolled in an accredited four-year institution and have completed at least their sophomore year with a GPA of 3.0

Students must be pursuing a relevant field of study (e.g., finance, mathematics, statistics/machine learning or other related fields) and have the ability to work, at a minimum, May/June through August of the internship year

Familiarity with basic quantitative finance and accounting concepts (PV cash flows, durations, financial ratios, etc.)

Skilled in Microsoft Excel and general statistical concepts

Knowledge of SQL or similar query languages

Python programming (or similar languages) abilities desired

Machine learning and advanced statistical modeling abilities a bonus

It is the policy of the Federal Home Loan Bank of Pittsburgh to ensure equal employment opportunity (EEO) for all employees and applicants for employment without regard to race, religion, color, sex, national origin, age, disability status, genetic information, veteran's status, ancestry, sexual orientation or status as a parent as defined by applicable law. It is the Bank's policy to comply with applicable laws concerning the employment of persons with disabilities, including reasonable accommodation for applicants and employees with disabilities.