State Street · 1 week ago
State Street Enterprise Risk Management - Interest Rate Risk Internship - Summer 2026
Boston, MA
Internship
Onsite
Intern
$42K/yr - $65K/yr
Start in 2026 SummerState Street is a global institution that helps investors manage risk and drive performance. The Interest Rate Risk Intern will engage in a project focused on segmenting client deposits to enhance behavioral modeling for interest rate risk, gaining hands-on experience in data analysis and risk management.
BankingFinanceFinancial Services
Responsibilities
Collect all necessary data inputs to evaluate deposit segmentation
Implement appropriate data cleansing and imputation methods as needed
Perform research on data mining and classification methodologies
Develop a thorough understanding of State Street’s deposit product characteristics
Analyze the primary factors driving interest rate risk exposure in State Street’s deposit products, working closely with the GTRM group
Work collaboratively with the GTRM group and other stakeholders to identify potential segmentation attributes
Evaluate various segmentation strategies by integrating key attributes considering their materiality and influence on risk drivers’ behavior
Contribute to the formulation of a segmentation proposal for non-maturity deposits
Compile comprehensive documentation of project findings and outcomes
Qualification
Required
Pursuing a degree in Finance, Economics, Risk Management, Mathematics or a related quantitative field
Currently enrolled in an undergraduate program
Proficiency in Microsoft Office Suite (Excel, Access, Word, Outlook, Power Point)
Familiarity with the use of databases
Strong written and verbal communication skills
Strong organizational and multitasking skills
Strong initiative and problem-solving skills
Ability to work effectively in a team environment
Preferred
Previous internship experience is a plus
Benefits
401K with company match
Insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
Paid-time off including vacation, sick leave, short term disability, and family care responsibilities
Access to our Employee Assistance Program
Incentive compensation including eligibility for annual performance-based awards
Eligibility for certain tax advantaged savings plans
Inclusive development opportunities
Flexible work-life support
Paid volunteer days
Vibrant employee networks
Company
State Street
State Street offers a range of financial services, including investment management, research and trading, as well as asset management.
Founded in 1792
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$12.05B2025-10-23Post Ipo Debt· $1B
2025-04-24Post Ipo Debt· $2B
2025-02-06Post Ipo Equity· $750M
Leadership Team
Ronald O'Hanley
Chairman and Chief Executive Officer
R
Renee LaRoche-Morris
Senior Vice President, Chief of Staff to the COO; Head of CAO Services
Recent News
2025-12-30
2025-12-30
Company data provided by crunchbase