Internal Audit Intern - Model Risk
Company: Santander Holdings USA Inc
Location: Dallas
Posted on: October 19, 2024
Job Description:
Internal Audit Intern - Model RiskCountry: United States of
AmericaThe Internal Audit Summer Internship role will provide the
intern with an opportunity to participate in audits and gain a
stronger understanding of the audit profession within the Banking
industry. The primary function of the Auditor is to execute basic
audit testing as part of internal audit reviews and activities.
They will perform testing in a timely manner, ensuring all audit
quality and client relation standards are met.This 2025 Summer
Internship is a 10-week program for undergraduate students who have
an anticipated graduation date between December 2025 and May
2026.This internship position is located in:
- Dallas, TX.Before applying, please keep in mind that our
internship program does not offer any relocation assistance. To
learn more about our summer internship program and the activities
included, please visit
https://www.santandercareers.com/students.Essential Functions:The
intern will be engaged in the model review audits performed to
evaluate adequacy of Bank's quantitative models and model risk
governance. Specifically, the intern will perform the following
tasks:---Conducts review of development, validation,
implementation, and ongoing performance monitoring across different
types of models.---Uses guidance provided by industry standards
(i.e., Basel, Federal Reserve) and Bank policies and procedures to
ensure quantitative methodologies used for models are consistent
with best practices.---Reviews model development and implementation
codes.---Documents the model reviews and testing in accordance to
relevant audit standards.---Independently replicate quantitative
model calculations and build challenger models to review model
suitability.---Validate management's corrective actions to address
audit findings and regulatory gaps.Requirements:
- An undergraduate student with an expected graduation date
between December 2025 - Spring 2026
- Minimum cumulative GPA of 3.00 or above, with a major in
Finance, Statistics, Economics Accounting or related business
field
- Fluency in English, both written and verbal
- Strong analytics and critical thinking skills
- Ability to work independently and within teams
- Eager to learn and take on new responsibilities
- Attention to detail
- Availability for entire internship program
- Ability to maintain confidentiality
- Ability to work in an environment that supports employees from
all backgrounds and fosters an environment of inclusion.Diversity &
EEO Statements: At Santander, we value and respect differences in
our workforce and strive to increase the diversity of our teams. We
actively encourage everyone to apply.Santander is an equal
opportunity employer. All qualified applicants will receive
consideration for employment without regard to race, color,
religion, sex, sexual orientation, gender identity, national
origin, genetics, disability, age, veteran status or any other
characteristic protected by law.Working Conditions: Frequent
Minimal physical effort such as sitting, standing and walking.
Occasional moving and lifting equipment and furniture is required
to support onsite and offsite meeting setup and teardown.
Physically capable of lifting up to fifty pounds, able to bend,
kneel, climb ladders.Employer Rights: This job description does not
list all of the job duties of the job. You may be asked by your
supervisors or managers to perform other duties. You may be
evaluated in part based upon your performance of the tasks listed
in this job description. The employer has the right to revise this
job description at any time. This job description is not a contract
for employment and either you or the employer may terminate at any
time for any reason.The base pay range for this position is posted
below and represents the annualized salary range. For hourly
positions (non-exempt), the annual range is based on a 40-hour work
week. The exact compensation may vary based on skills, experience,
training, licensure and certifications and location.Salary: $67,600
- $67,600/yearThe base pay range for this position is posted below
and represents the annualized salary range. For hourly positions
(non-exempt), the annual range is based on a 40-hour work week. The
exact compensation may vary based on skills, experience, training,
licensure and certifications and location.
Primary Location: -Dallas, TX, Dallas
Other Locations: -Texas-Dallas
Organization: -Santander Holdings USA, Inc.
Keywords: Santander Holdings USA Inc, Fort Worth , Internal Audit Intern - Model Risk, Accounting, Auditing , Dallas, Texas
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