Summer Associate Internship

2 months ago


Vienna, United States Navy Federal Credit Union Full time

Overview Our CECL (Current Expected Credit Loss) Quantitative Modeling Team operates at the heart of the Lending Business unit, building accurate credit loss forecasting models through advanced statistical technique, and playing a pivotal role in ensuring the financial stability of Navy Federal Credit Union by informing CU leaders the right level of credit reserve recommendations. Our team’s primary responsibility is to develop and implement advanced quantitative models that enable accurate assessments of potential credit losses across our lending portfolio. The Summer Associate will work in a flexible hybrid manner and report to leadership at our Vienna, VA campus. Responsibilities will include analyzing data and participating in activities related to quantitative modeling. As part of the team, you will have the chance to work on real-world projects, collaborate with seasoned professionals, and contribute to impactful initiatives. You’ll gain exposure to quantitative modeling techniques commonly employed by nation’s largest financial institutions, and learn analytical skills applied to large financial data. Potential projects include following. Develop models to test and evaluate different modeling techniques Investigating and analyzing potential model performance-improving independent variables Analyzing model performance and understanding the cause of prediction errors Finding potential performance-improving changes to the existing models Model sensitivity analysis Analyzing portfolio shifting and its impacts Economic research relating to portfolio performance Automating modeling related activities using R or Python The Summer Associate Program is a 12-week internship program beginning in May 2025 and ending in August 2025. Students will work on impactful projects and meaningful work during their internship. To qualify for this position, applicants must be currently pursuing a degree from an accredited college or university and have an anticipated graduation date of December 2025 or later. Responsibilities Perform data pull from source data systems and prepare data for analysis or model development Analyze data to understand its impact on model performance Participate in model development, model execution and model monitoring related activities Work with experienced modeling professionals within the team to support various initiatives Perform other ad hoc analysis Prepare reports of analytical findings Qualifications Currently pursuing a master’s or PhD degree in a quantitative field like statistics, computer science, data science, quantitative finance, or economics Experience with research, analysis, and data manipulation Experience using programming and analytic tools such as: Python, R, SQL, or Tableau Strong problem-solving, critical, and analytical thinking skills Good communication and presentation skills Comfort working with large datasets and understand the basic database concepts Ability to work independently and think outside of the box Basic knowledge of financial services/payments a plus About Us Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks. • Best Companies for Latinos to Work for 2024 • Computerworld® Best Places to Work in IT • Forbes® 2024 America's Best Large Employers • Forbes® 2023 The Best Employers for New Grads • Fortune Best Workplaces for Millennials™ 2023 • Fortune Best Workplaces for Women ™ 2023 • Fortune 100 Best Companies to Work For® 2024 • Military Times 2023 Best for Vets Employers • Newsweek Most Loved Workplaces • Ripplematch Campus Forward Award - Excellence in Early Career Hiring • Yello and WayUp Top 100 Internship Programs From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union. Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process. Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act. REQNUMBER: 20699



  • Vienna, United States Navy Federal Credit Union Full time

    Overview Team Overview: Our team provides support to the recovery team that collects on charged off lending losses for the Credit Union. That support includes back-office duties, a team of contractors who work parallel to our LCR team to help recover losses and managing a yearly debt sale. Summer is our peak time for the yearly debt sale preparation and...


  • Vienna, United States Navy Federal Credit Union Full time

    Overview Workforce Intelligence (WFI) is a new branch of Workforce Optimization within Contact Center Operations (CCO). WFI is a highly skilled cross-functional team that has a passion for creating effective analytic solutions and driving business decisions with the use of machine learning models and data insights while easing the workload of teams through...


  • Vienna, United States Navy Federal Credit Union Full time

    Overview The Fraud Data & Reporting (FDR) team provides actionable intelligence that guides Navy Federal's fraud mitigation efforts, accomplished through dashboards, reporting and analysis. Our intelligence supports data driven decision-making for Security Division leadership and an efficient Fraud Operations workforce. FDR collaborates with partners within...


  • Vienna, United States Navy Federal Credit Union Full time

    Overview This Summer Associate role will be a member of the Credit Card Acquisitions team responsible for establishing healthy credit member relationships to drive sustainable retail and small business portfolio growth. The "A-Team" oversees Acquisition Offer Management, Performance Monitoring, and New Product Development. This role will support launch of...


  • Vienna, United States Navy Federal Credit Union Full time

    Overview The Chief of Staff (CoS), Integrated Strategic Engagement team's goal is to support Navy Federal's President & CEO, Chief Operating Officer, and senior executive leadership team by driving strategic engagement and communication with all internal and external stakeholders A Summer Associate will be selected to collaborate with leadership and...


  • Vienna, United States Navy Federal Credit Union Full time

    Overview Our division consists of the Debit Cards Branch and the Fund Services Branch. We strive to provide unsurpassed service not only in our Navy Federal Debit Card, CUCARD, and Prepaid programs but in our payment related systems: ACH Origination Transactions, Western Unions, Cashier's Checks, and Bank Wire Transfers. This Summer Associate will be...


  • Vienna, United States Navy Federal Credit Union Full time

    OverviewNavy Federal’s Enterprise Risk – Data Risk Governance team is responsible for driving enterprise-wide data governance excellence by establishing best practices, fostering collaboration, and ensuring compliance to enhance data quality and trust.Data Risk Governance leads the following areas:Develops, matures & maintains Enterprise Data Governance...


  • Vienna, United States Navy Federal Credit Union Full time

    Overview Within Navy Federal, the Savings & Membership Department (SMD) drives the identification of new and innovative ways to inspire and enable a better financial future for our members by focusing on their Lifetime Journey, Money Management, and Money Movement. Digital Payments is a division of SMD that is tasked to shape products providing...


  • Vienna, United States Navy Federal Credit Union Full time

    OverviewIs this the next step in your career Find out if you are the right candidate by reading through the complete overview below.Digital Payments is a division of the Savings & Membership Department. Our vision is to provide personalized, scalable, and secure Money Movement experiences that enable Navy Federal to continuously exceed members' evolving...


  • Vienna, United States Navy Federal Credit Union Full time

    OverviewOur CECL (Current Expected Credit Loss) Quantitative Modeling Team operates at the heart of the Lending Business unit, building accurate credit loss forecasting models through advanced statistical technique, and playing a pivotal role in ensuring the financial stability of Navy Federal Credit Union by informing CU leaders the right level of credit...


  • Vienna, United States Navy Federal Credit Union Full time

    OverviewDigital Payments is a division of the Savings & Membership Department. Our vision is to provide personalized, scalable, and secure Money Movement experiences that enable Navy Federal to continuously exceed members' evolving payment expectations. To achieve this, we will:Create integrated payment experiences, improving the speed and transparency of...


  • Vienna, United States Navy Federal Credit Union Full time $38 - $46

    OverviewIs this the next step in your career Find out if you are the right candidate by reading through the complete overview below.Digital Payments is a division of the Savings & Membership Department. Our vision is to provide personalized, scalable, and secure Money Movement experiences that enable Navy Federal to continuously exceed members' evolving...


  • Vienna, United States Navy Federal Credit Union Full time

    OverviewThe Data, Systems and Special Projects division of Workplace Infrastructure and Logistics (WIL) is a new team focusing on laying the foundation for data management and data analytics practices for our department. We support multiple WIL divisions that provide services, at our operational sites, like facility maintenance and operations; space...


  • Vienna, United States Navy Federal Credit Union Full time $26 - $46

    OverviewRead all the information about this opportunity carefully, then use the application button below to send your CV and application.Navy Federal’s Enterprise Risk – Data Risk Governance team is responsible for driving enterprise-wide data governance excellence by establishing best practices, fostering collaboration, and ensuring compliance to...


  • Vienna, United States Navy Federal Credit Union Full time $26 - $46

    OverviewHave you got the right qualifications and skills for this job Find out below, and hit apply to be considered.The Data, Systems and Special Projects division of Workplace Infrastructure and Logistics (WIL) is a new team focusing on laying the foundation for data management and data analytics practices for our department. We support multiple WIL...


  • Vienna, United States Navy Federal Credit Union Full time

    Overview Our CECL (Current Expected Credit Loss) Quantitative Modeling Team operates at the heart of the Lending Business unit, building accurate credit loss forecasting models through advanced statistical technique, and playing a pivotal role in ensuring the financial stability of Navy Federal Credit Union by informing CU leaders the right level of credit...


  • Vienna, United States Navy Federal Credit Union Full time $38 - $46

    OverviewMake sure to apply quickly in order to maximise your chances of being considered for an interview Read the complete job description below.Our CECL (Current Expected Credit Loss) Quantitative Modeling Team operates at the heart of the Lending Business unit, building accurate credit loss forecasting models through advanced statistical technique, and...


  • Vienna, United States Navy Federal Credit Union Full time

    Overview Technology Solutions is a support team within the Savings and Membership Department (SMD). The Technology Solutions Team strives to understand the needs of the business units we support, seek solutions that provide value and support the implementation and sustainment of those solutions. The team onboards new systems and supports those systems once...


  • Vienna, United States Navy Federal Credit Union Full time

    OverviewYou could be just the right applicant for this job Read all associated information and make sure to apply.Team OverviewThe Data & Analytics team plays a significant role in the Navy Federal Financial Group (NFFG) organization. The team’s mission is to drive the NFFG strategy through the use of data and analytics to inform strategic initiatives and...


  • Vienna, United States Navy Federal Credit Union Full time $26 - $46

    OverviewYou could be just the right applicant for this job Read all associated information and make sure to apply.Team OverviewThe Data & Analytics team plays a significant role in the Navy Federal Financial Group (NFFG) organization. The team’s mission is to drive the NFFG strategy through the use of data and analytics to inform strategic initiatives and...