Fit Models

Job Title

Advisory Intern, Modeling, Credit & Liquidity - Modeling | Multiple Locations Summer 2024

Job Location

New York, NY 10176

Job Overview

The KPMG Advisory practice is currently our fastest growing practice. We are seeing tremendous client demand, and looking forward we don't anticipate that slowing down. In this ever-changing market environment, our professionals must be adaptable and thrive in a collaborative, team-driven culture. At KPMG, our people are our number one priority. With a wealth of learning and career development opportunities, a world-class training facility and leading market tools, we make sure our people continue to grow both professionally and personally. If you are looking for a firm with a strong team connection where you can be your whole self, have an impact, advance your skills, deepen your experiences, and have the flexibility and access to constantly find new areas of inspiration and expand your capabilities, then consider a career in Advisory.

Compensation

KPMG complies with all local/state regulations regarding displaying salary ranges. If required, the salary range(s) are displayed via the URL below. The range is specifically for those potential hires who will work in the location(s) listed. Any offered salary is determined based on relevant factors such as applicant's skills, performance, job responsibilities, prior relevant experience, certain degrees and certifications and market considerations. In addition, the firm is proud to offer a comprehensive, competitive benefits package, with options designed to help you make the best decisions for yourself, your family, and your lifestyle. Our Total Rewards package includes a variety of medical and dental plans, vision coverage, disability and life insurance, 401(k) plans, and a robust suite of personal well-being benefits to support your emotion and mental health. KPMG provides personal days off per fiscal year depending on job classification, standard work hours and years of service. Additionally, each year the firm publishes a calendar of holidays to be observed during the year. Available benefits are based on eligibility.

Follow this link to obtain salary ranges by city: https://www.kpmg.us/work-for-kpmg/pay-transparency.html/?id=UTAADVC1-8

Responsibilities

• Help provide modeling and valuation support on engagements, including credit market operational liquidity risk evaluation, both qualitative and quantitative approaches, as well as modeling (machine learning and AI), analytics and forecasting
• Use advanced statistical, mathematical and econometric techniques to identify and enhance the understanding of relationships between business behavior and independent variables
• Assist team to develop sophisticated financial and econometrics models to measure risk, asset liability valuations and behavior, risk adjusted returns, event probabilities and enhance the understanding of economic behavior
• Utilize competencies and methods to calculate probability of default, loss given default, exposure at default, underwriting scorecards and algorithms, econometric model development and model validation governance to support Current Expected Credit Losses (CECL) and other credit loss models
• Help conduct data mining and related analytical methods using alternative data sources including unstructured data to assist in resolving business challenges across a wide spectrum of industries and business functions
• Assist with economic theory support, explaining and modeling trends in various sectors of the US, performing economic and financial forecasting and model development and validation team

Requirements

• Must be enrolled in an accredited college or university and pursuing the following degrees/majors; Bachelors, Masters Degree or PhD in Finance, Math, Statistics, Econometrics, Management Information Systems or equivalent Quantitative discipline
• High competency level with popular programming software and risk analytical tools such as SAS, R, QRM, Bancware, MATLAB, Stata, Statistics, Python, Tableau, QRM, Derivative Solutions, C++, Visual Basic
• Must have a current/most recent GPA of 3.00 or above
• Knowledge of statistics and economic theory to establish economic relationship
• Strong technical aptitude, demonstrated quality service mindset, critical thinking skills and ability to navigate MS Office applications, including Excel, PowerPoint, Word and Outlook
• Excellent communication, time management and leadership skills; flexible and adaptable team player; and resourceful in delivering high quality work
• Must reside within a commutable distance of the office for this position and be responsible for your own transportation, such as personal vehicle or public transportation, to get to and from office / client locations to satisfactorily fulfill your job duties, as determined by your practice leadership
• Work location may be in the office, at client sites, or virtual/remote depending on business need. You must be located within the U.S. when working remotely. Client site locations may require travel and overnight/extended stay
• Must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. KPMG LLP will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa)

We're excited for you to apply!