Risk Management Intern 
Emerging Talent Program 
Job Description

Regions Risk Management Summer Internship Program offers internship opportunities to college students, which includes positions across Financial Risk Management, Non-Financial Risk Management, Corporate Compliance, Model Risk Management, Consumer & Wealth Risk Management and Corporate Banking Risk Management.
Summer Interns will gain hands-on experience and exposure to various initiatives in Risk Management that are key priorities to enhance risk management principles and practices across the entire organization.  Summer Interns will operate as key team members, supporting internal initiatives. Each Summer Intern will be assigned to a specific team and participate in centralized training sessions and have opportunities to interact with senior members to gain exposure to the various groups within Regions Risk Management.


Risk Management interns may be assigned to one of the following areas of opportunity:
Corporate Compliance – Fraud Compliance: The Fraud Compliance intern will work with different areas of the Financial Crimes Unit to provide oversight of fraud prevention activities, including compliance with consumer regulations and customer advocacy efforts.  Oversight activities will include developing analytical reports for monitoring fraud and complaints, review of key fraud model rules for customer impacts, and risk reviews to understand fraud prevention methodologies and processes to identify and assess risks.  The intern will have the opportunity to learn about various fraud prevention strategies and understand how Regions approaches customer protection across various banking products and customer touchpoints.   The experience will give an intern exposure to various areas of the compliance and fraud teams across the bank, as well as an understanding around how data can be utilized to inform decision-making more effectively. 

Corporate Compliance – Business Intelligence: The Corporate Compliance Business Intelligence intern will have the opportunity to apply learned skills in data analytics and/or understanding of  statistical models to support the Compliance Group. The analyst will also gain an understanding of the banking system in general with focus on elements of technical regulatory reporting and complaints analysis. There is opportunity to learn how data plays an ever-increasing role in assessing areas of regulatory risk and the role of Compliance in providing effective challenge in the AI/ML space.

Model Risk Management: Model Risk Management interns will perform validation test work for quantitative models and analytical tools as well as assist with model governance activities.  Overall, the intern will strengthen their technical skills, writing skills, communication skills, risk management knowledge, and would get the experience of working with a diverse team of deeply skilled subject matter experts. An intern would also have the opportunity to learn about artificial intelligence, machine learning, and data science initiatives at Regions.

Consumer and Wealth Risk Management: The Consumer and Wealth Risk Management intern will collaborate with a team of data scientists to monitor, document, and maintain statistical and machine learning models used in Small Business and Consumer lending. They will utilize tools such as SQL, Python, and R to explore a wide variety of data sources and solve complex business problems in support of business and risk management initiatives. They will also document and present the results of their analyses to team members and leadership.  Projects could include credit score model development, updating legacy code and reporting to use the latest data science and engineering techniques, ad hoc analytics, and enhancing existing model and process documentation.


Financial Risk Management – Credit Portfolio Management:
The Financial Risk Management Credit Portfolio Management intern will have an opportunity to explore multiple facets of emerging risk research. The intern will leverage internal and external data research resources to enhance forward looking perspectives of the Business Services, Commercial Real Estate and Consumer lending portfolios. The intern will also have opportunities to assist in the enhancement of data visualization and geographic information systems that are used throughout the firm in credit underwriting, portfolio monitoring and risk assessment.


Financial Risk Management – Risk Modeling & Data Science:
The Financial Risk Management Risk Modeling & Data Science intern will have the opportunity to learn about loss forecasting, stress-testing, Allowance for Credit Losses and portfolio analytics. An intern will participate in a number of projects, which include the enhancement of reporting capabilities, collaboration with business partners and process improvements relating to data, modeling and automation. Overall, the intern will strengthen their skills related to quantitative analysis, modeling and programming, business writing and management communication.


Financial Risk Management– Market, Liquidity and Capital (MLC) Risk:
The Financial Risk Management MLC Risk intern will have the opportunity to work on various projects including investment portfolio analysis, interest rate risk (IRR), regulatory gap analysis, review of qualitative approaches specific to capital planning, components of the independent liquidity review and capital and liquidity stress testing. The intern will receive knowledge around how the bank enhances resiliency through proper capital and liquidity planning, better understand how the economy and interest rates impact the bank’s financial performance, and how risk management practices are utilized to monitor and manage those risks.    


Non-Financial Risk Management – Environmental, Social, & Governance (ESG):
The Non-Financial Risk Management ESG intern will learn about an emerging and increasingly important area of risk management in the environmental and social risk space.  The intern will support workstreams dedicated to incorporating ESG into risk management practices and governance strategy.  Projects might include researching rapidly changing ESG related regulations, supporting the development of bank-wide ESG communications, testing ESG related data vendor platforms, monitoring sustainable finance activities at Regions and at peer banks, or applying data skills in a work effort focused on tracking scope 3 emissions.


Requirements:

  • Current college student pursuing an undergraduate or graduate degree majoring in technical (e.g., data science, technology) or business fields
  • Minimum 3.0 GPA
  • Ability to work 40 hours a week for at least ten weeks

​​​​​​​Skills and Competencies:
  • Rising junior-level college student majoring in Business, Data Management, Math, Management Information Systems, Industrial Engineering, Project Management or related field.
  • Ability and desire to work in a fast-paced environment
  • Proven dedication to excellence and achieving results
  • Strong analytical and organizational skills
  • Ability to quickly learn new technology

Bring Your Whole Self to Work

We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work is the right thing to do.

OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans