Risk Analyst Intern, Model Risk Management

2025 Paid Summer Internship

Mid-May – Mid-August

This internship is not eligible for relocation assistance. Local candidates preferred. 

Zions Bancorporation’s Internship and Banker Development Program positions are not eligible for employment visa sponsorship (e.g., H-1B visa). This includes, for example, situations where a candidate may have temporary work authorization while enrolled in school or upon graduation (e.g., CPT, OPT) but would need H-1B visa sponsorship within a few years of employment in order to maintain employment eligibility.

Did you know that Zions Bancorporation is one of the nation’s premier financial services companies with total assets exceeding $90 billion? With local management teams at the helm in 11 western states, Zions is dedicated to making a difference in their local communities. At Zions, we haven’t forgotten who keeps us in business, meaning we’re committed to the success of our customers, and our employees. Here, the possibilities are endless – come for a job, stay for a career.

Zions Bancorporation has an excellent opportunity available for a Risk Analyst Intern in our Corporate Risk Department. The intern will be assigned as a junior resource on one or more (depending on timing) formal model validation projects. Models could relate to credit risk, accounting valuations, interest rate risk, and other areas— the intern will be asked for input.

Under the direction of a lead validator, the intern will thoroughly familiarize themselves with the detailed mechanics of one of the Bank’s quantitative models. They will participate in drafting a validation plan containing specific analytical steps that will be taken to “challenge” the model (e.g., creating or replicating back-testing and sensitivity analysis, running statistical diagnostic tests on the model, reviewing the model’s orthodoxy within the banking industry, exploring alternate model forms). They will assist in executing all steps of the validation plan, including direct interaction with model owners. They will propose issues which should be followed up on and will author a report summarizing their completed work.

Please create a cover letter listing your degree and describing your skills and experience using statistical modeling software tools such as SAS or other programs.

Qualifications:

Currently pursuing a bachelor’s or master’s degree in Statistics, Finance, Management Information Systems, Computer Science, Engineering or other related fields. Basic understanding of data science programming languages, such as R, SAS and Python. Familiarity with databases and structured query language (SQL) is a plus. Must be organized and self-motivated.