What are the responsibilities and job description for the Quantitative Modeling Intern - Summer 2023 position at PenFed Credit Union?
Overview
Are you looking for an educational and robust summer internship? Are you interested in spending your summer near the Nation's Capital? If so, please apply for PenFed's Summer College Internship! Our paid, ten-week intern experience will take place from May 30th to August 4th, 2023.
We are seeking a Quantitative Modeling Intern at our location in Tysons, Virginia. PenFed's Internship Program offers college students with a meaningful internship experience from which they can make informed future career decisions. Our internships are meant to provide a great test drive of our company, industry, and a potential career field. Interns are fully integrated into our business departments across the entire enterprise and assigned to impactful projects, solving real business problems faced by our company. Each intern is assigned a hiring manager and a mentor. In addition to the work our interns do within their respective departments, our interns will work together on a collaborative project.
The PenFed Summer College Internship Program is a competitive, ten-week program that provides college students with hands-on business education, and skills development. The program includes professional development, personality assessments, executive presentations and interaction, team building events, volunteerism, career readiness training, mentoring, and meaningful work related to desired career paths.
Responsibilities
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.
Build and maintain quantitative models to support capital planning and stress testing
Develop and implement efficient codes and automated processes for data manipulation and model development
Behavioral Modeling on consumer lending products
Participate in collaborative group project with internship cohort
Qualifications
Equivalent combination of education and experience is considered.
Currently enrolled full-time at an accredited institution studying: Statistics, Computer Science, Data Science (or closely related degree program)
Must be a rising Senior with at least 90 college credits completed prior to June 2023
Programming Skills and Coursework (Python, SAS, SQL, or R)
Knowledge of Regression Analysis and Data Analytics
Data Mining and Machine Learning experience
Strong technology and reporting experience
Must have strong written and verbal communication skills
Must be able to work collaboratively in a team environment
Must have creative, analytical, and critical thinking skills
Must have a competitive GPA/demonstrate a strong work ethic
Must provide copies of your unofficial transcript with initial application and official copies before internship start date (if selected)
Must be able to work for PenFed during the entire summer program timeframe
Strongly encouraged to not take college courses during summer program timeframe
Veterans encouraged to apply
License and Certifications
There are no additional certifications required.
Work Environment
While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.
*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*
Travel
This role does not require travel.
About Us
Established in 1935, PenFed today is one of the country's strongest and most stable financial institutions with over 2 million members and over $26 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day.
We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more.
Equal Employment Opportunity
PenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.
PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at
#LI-IR1
Are you looking for an educational and robust summer internship? Are you interested in spending your summer near the Nation's Capital? If so, please apply for PenFed's Summer College Internship! Our paid, ten-week intern experience will take place from May 30th to August 4th, 2023.
We are seeking a Quantitative Modeling Intern at our location in Tysons, Virginia. PenFed's Internship Program offers college students with a meaningful internship experience from which they can make informed future career decisions. Our internships are meant to provide a great test drive of our company, industry, and a potential career field. Interns are fully integrated into our business departments across the entire enterprise and assigned to impactful projects, solving real business problems faced by our company. Each intern is assigned a hiring manager and a mentor. In addition to the work our interns do within their respective departments, our interns will work together on a collaborative project.
The PenFed Summer College Internship Program is a competitive, ten-week program that provides college students with hands-on business education, and skills development. The program includes professional development, personality assessments, executive presentations and interaction, team building events, volunteerism, career readiness training, mentoring, and meaningful work related to desired career paths.
Responsibilities
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.
Build and maintain quantitative models to support capital planning and stress testing
Develop and implement efficient codes and automated processes for data manipulation and model development
Behavioral Modeling on consumer lending products
Participate in collaborative group project with internship cohort
Qualifications
Equivalent combination of education and experience is considered.
Currently enrolled full-time at an accredited institution studying: Statistics, Computer Science, Data Science (or closely related degree program)
Must be a rising Senior with at least 90 college credits completed prior to June 2023
Programming Skills and Coursework (Python, SAS, SQL, or R)
Knowledge of Regression Analysis and Data Analytics
Data Mining and Machine Learning experience
Strong technology and reporting experience
Must have strong written and verbal communication skills
Must be able to work collaboratively in a team environment
Must have creative, analytical, and critical thinking skills
Must have a competitive GPA/demonstrate a strong work ethic
Must provide copies of your unofficial transcript with initial application and official copies before internship start date (if selected)
Must be able to work for PenFed during the entire summer program timeframe
Strongly encouraged to not take college courses during summer program timeframe
Veterans encouraged to apply
License and Certifications
There are no additional certifications required.
Work Environment
While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.
*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*
Travel
This role does not require travel.
About Us
Established in 1935, PenFed today is one of the country's strongest and most stable financial institutions with over 2 million members and over $26 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day.
We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more.
Equal Employment Opportunity
PenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.
PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at
240-224-4256
.#LI-IR1
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