Model Risk Management Intern

Customers Bank

Posted 7 days ago

Internship

Malvern, Pennsylvania

In Person

Smart Summary

Responsibilities

The intern will support the Model Risk Management team in validating models across domains such as interest rate, liquidity, and fraud risk. Responsibilities include reviewing model documentation, performing data reconciliation, and drafting validation reports.

Qualifications

You are a rising senior pursuing a bachelor's degree with an interest in banking, financial services, technology, or analytics. You possess strong communication, collaboration, and problem-solving skills, along with a genuine curiosity and eagerness to learn in a dynamic environment.

Must Have Skills for ATS

Model Risk Management

AI

Data Quality

Data Lineage

Data Reconciliation

Back-testing

BSA/AML

Job Description

At Customers Bank, we believe in working hard, working smart, working together to deliver memorable customer experiences and having fun. Our vision, mission, and values guide us along our path to achieve excellence. Passion, attitude, creativity, integrity, alignment, and execution are cornerstones of our behaviors. They define who we are as an organization and as individuals. Everyone is encouraged to have personal development plans. By doing so, our team members are on their way to achieve their highest potential and be successful in their personal and professional lives.

Must be legally eligible to work in the United States without sponsorship, current or future, to be considered.

Who is Customers Bank?

Customers Bank is a high-performing, digital-forward financial institution committed to innovation, collaboration, and community impact. With a culture rooted in entrepreneurship and continuous learning, we invest deeply in developing the next generation of leaders who will shape the future of banking.

Our internship program is a cornerstone of our early-career talent strategy, offering students hands-on experience, executive exposure, and the opportunity to solve real business challenges — including our signature AI Capstone Project.

We get you further, faster.

You’re known by name. You’re trusted as a builder, advisor, and innovator.

We start from a place of possibility.

We embrace innovation and challenge convention to create meaningful, lasting impact.

We act decisively.

We pursue opportunities with urgency and agility, bringing ideas to life quickly and effectively — always with a focus on high-impact outcomes.

We own our results.

Through effort, resilience, and relentless accountability, we drive measurable success for our clients, communities, and company.

We measure what matters.

We set high standards, track progress, and hold ourselves accountable to outcomes that truly matter.

What you’ll do:  During this 10-week program, you’ll be embedded within a specific business area — such as banking, risk, operations, finance, or technology — working on projects that support real team objectives. You’ll also collaborate with fellow interns on an AI-focused capstone project, participate in professional development programming, and engage with leaders across the organization.

  • Contribute to department assignments aligned to business needs
  • Analyze data, support process improvements, and assist with research
  • Participate in weekly development workshops and executive speaker sessions
  • Work with your intern team to tackle an AI-driven business challenge
  • Present your final project and insights to senior leadership
  • Build meaningful relationships across the bank through networking and team activities

What you’ll do – Model Risk Management:  In addition to participating in the broader internship program, you’ll gain hands-on experience supporting the Model Risk Management team in the validation of models across interest rate risk, liquidity risk, CECL, fraud, and BSA/AML domains. Under supervision, the intern will:

  • Review model documentation to identify gaps, inconsistencies, and deviations from internal policy and regulatory expectations
  • Perform data quality, data lineage, and data reconciliation testing
  • Reproduce selected model outputs to support process verification
  • Develop or enhance benchmark (challenger) models for validation purposes
  • Assist in back-testing and outcome analysis
  • Draft sections of model validation reports in accordance with MRM standards
  • Support the preparation of materials for Financial and Model Risk Management Committee (FMRC) and other governance forums
  • Track and follow up on remediation actions related to model findings and conditions

What do you need?

  • Rising senior (Class of 2027) pursuing a bachelor’s degree
  • Interest in banking, financial services, business, technology, or analytics
  • Strong communication, collaboration, and problem-solving skills
  • Curiosity and a willingness to learn in a fast-moving environment
  • Ability to work full-time for the 10-week summer program

Customers Bank is an equal opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

We also provide “reasonable accommodations”, upon request, to qualified individuals with disabilities, in accordance with the Americans with Disabilities Act and applicable state and local laws. 

Diversity Statement:

At Customers Bank, we believe in working smart, working together, and having fun while delivering innovative solutions and memorable experiences for our customers. We are committed to the continual advancement of a culture which reflects the value we place on diversity, equity, and inclusion. We honor the diverse experiences, perspectives, and identities of our team members, and we recognize that it is their passion, creativity, and integrity that drives our success. Step into your future with us! Let’s take on tomorrow.

Customers Bank

Customers Bank is here for the people who build, create, and push boundaries—the businesses that drive innovation, create jobs, and strengthen communities. Whether you’re growing your company, launching a new venture, or looking for a banking partner who understands your world, we’re ready to support you every step of the way. We take pride in delivering exceptional service through a high-touch, single-point-of-contact model. Our 2024 Net Promoter Score of 73 far exceeds the U.S. banking industry average. With $22+ billion in assets, we rank among the largest U.S. bank holding companies. Our commitment to credit quality, prudent risk management, and strong liquidity ensures long-term stability, reliability, and value for our customers and stakeholders. Our services are not one-size -fits-all. Designed with your needs in mind, your banker isn’t just someone you call when you need a loan. They are a trusted partner for your business banking, cash management and commercial lending, specialized credit solutions, personal banking, and digital banking needs. Our approach is built on three core beliefs: Relationships matter – Your banker takes the time to understand what success means to you. Innovation designed for you – From cash management to online banking, we create solutions to keep you ahead. Banking at your speed – We’re responsive, agile, and committed to your growth at every stage. Let’s take on tomorrow… together. | customersbank.com. Member FDIC. Equal Housing Lender.

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