Location(s): Comerica Bank Headquarters, Dallas TX, or Frisco TX
The Enterprise Risk Quantitative Analytics Graduate-Level College Intern will learn quantitative and financial model development.
Position Responsibilities
- Support quantitative and financial model development activities including data manipulation, model building and documentation.
- Multiple projects may be assigned.
- Some projects can be geared towards financial data manipulation while others may be more related to model development and documentation.
- Enhance and develop communication and problem-solving skills.
- Additional responsibilities as assigned by Enterprise Risk Management.
- Stress Testing and CELC Loss Forecasting
- PPNR and Market Risk Modeling
Position Competencies
- Successful incumbents possess intellectual horsepower, time management skills, written communication skills, have process management skills and the ability to prioritize.
Position Qualifications
- Graduate students (MS or PhD) in the areas of Mathematics, Statistics, Economics, Finance or Engineering
- Strong analytical and problem-solving skills
- Background in standard statistical and econometrics regression theories such as: OLS (including weighed least square), time series (autoregression and ARIMA), logistic, survival and ML techniques
- Prefer some experience building quantitative models, exposure to banking or financial models
- Experience using SAS, STATA, Python, R software or equivalent software programs
Excellent interpersonal skills - This internship is scheduled for May -- August with potential extension until December 31st
Travel
Travel is not required of this position.
Relocation
Relocation is not available for this position. About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
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Comerica Bank
life insurance, parental leave, paid time off, sick time, 401(k)
Jan 13, 2025