State Street · 1 day ago
State Street - Model Risk Management - Quantitative Analyst Summer Internship 2026
Boston, MA
Internship
Onsite
Intern
$42K/yr - $65K/yr
Start in 2026 SummerState Street is a global financial institution that helps institutional investors manage risk and drive performance. They are seeking a Quantitative Analyst Intern to join their Model Validation team, where the intern will participate in model validation to ensure model risks are correctly identified, assessed, and managed.
FinanceBankingFinancial Services
Responsibilities
Assessing model theory and assumptions as well as considering alternative modeling methods and approaches
Testing and confirming model results by using documented procedures for running models
Assessing computational accuracy by reviewing code documentation for proper model implementation, including the possible simulation of results
Review and assess model changes and conduct targeted validation on significant model changes
Assessing the integrity of data inputs
Assessing the stability and robustness of models by conducting backtesting, sensitivity testing, and stress testing
Qualification
Required
Working towards Bachelor's degree in Statistics, Data Science, Finance, Economics, Financial Engineering, Mathematics, or other quantitative disciplines
Strong analytical, quantitative modeling, and research skills
Excellent written and verbal communication skills
Knowledge of financial markets and products
Preferred
Programming experience preferred: Python, R, SQL, MATLAB, VBA, or similar
Exposure to model development or model validation through coursework or prior internship experience is preferred
Benefits
401K with company match
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
Paid volunteer days
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
H1B Sponsorship
State Street has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2023 (1)
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
2026-02-04
2026-02-04
Company data provided by crunchbase