Jobs

State Street - Model Risk Management - Quantitative Analyst Summer Internship 2026
Boston, Massachusetts
·
On-site
·
Internship
·
1w ago
Compensation
$41,600 - $65,000
Benefits & Perks
•401(k)
•Healthcare
•Paid Time Off
•401k
•Healthcare
Required Skills
Python
JavaScript
C++
Generative AI
Agentic AI
Microsoft Azure
Job Description
In this role, you will work closely with a small team focusing on modernizing model risk management functions within a large financial institution. You will own specific tasks and projects and will gain hands-on experience while contributing to the team’s success. While exercising your own judgment on how to perform tasks, you will receive close guidance and mentorship aimed at helping you grow. You will build strong working relationships with your peers and supervisor and will gain valuable experiences in a professional environment.
Candidates should be final-year undergraduate students pursuing degrees in Computer Science, Software Engineering, Data Science or related technical disciplines. Introductory level coursework in economics and/or finance is desirable.
Candidates should have the following skills and proficiencies:
-
Demonstrated experience in Python, JavaScript, and C++ with the ability to develop, test, and maintain applications using these languages.
-
Proficiency in developing Generative AI and agentic AI applications, including designing, implementing, and deploying advanced AI models and autonomous agents that solve real-world problems, is required. Candidates should be able to demonstrate hands-on experience with relevant frameworks and tools and possess a strong understanding of the underlying architectures and ethical considerations in AI development.
-
Hands-on experience with Microsoft Azure, including deploying, managing, and monitoring cloud-based solutions within the Azure platform is required.
-
Experience in application development with a strong emphasis on designing and implementing intuitive, user-friendly interfaces is highly desirable.
-
Strong data analytics skills, including the ability to interpret complex datasets, utilize data visualization tools, and apply statistical methods to derive business insights and inform decision-making. Experience with platforms such as Power BI, Tableau, or similar analytics software is highly desirable.
-
Experience in database management, including designing, implementing, and maintaining relational and non-relational databases to ensure data integrity and security is highly desirable.
Salary Range:
$41,600 - $65,000 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at State Street.com/careers
Read our CEO Statement:
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
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About State Street

State Street
PublicState Street Investment Management — formerly State Street Global Advisors (SSGA) — is an American investment management division of State Street Corporation founded in 1978 and the world's fourth largest asset manager, with nearly US$4.1 trillion in assets under management as of December 31, 2023.
10,001+
Employees
Boston
Headquarters
Reviews
3.5
6 reviews
Work Life Balance
2.5
Compensation
3.0
Culture
2.5
Career
3.2
Management
2.8
35%
Recommend to a Friend
Pros
More opportunity than other banks
Career advancement potential
Financial services experience
Cons
Slow hiring process
Poor Glassdoor reviews
Variance in firm quality opinions
Salary Ranges
76 data points
Junior/L3
Junior/L3 · Business Analyst
2 reports
$134,560
total / year
Base
$117,009
Stock
-
Bonus
-
$127,061
$142,060
Interview Experience
5 interviews
Difficulty
2.6
/ 5
Duration
21-35 weeks
Offer Rate
20%
Experience
Positive 20%
Neutral 60%
Negative 20%
Interview Process
1
Application Review
2
Recruiter Screen
3
Phone Interview
4
Technical/Hiring Manager Interview
5
Final Interview/Offer Stage
Common Questions
Technical Knowledge
Behavioral/STAR
Past Experience
Culture Fit
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