MBA Summer Internship - Risk
CommonBond is an NYC-based student lender that helps lower the cost of your student loans. We’re innovators, creators, movers, shakers, numbers geeks, and finance freaks. We’re people just like you, who were frustrated by high rates and poor service that cost extra money and caused extra stress. We knew there had to be a better way. So we created one.
We are looking for the brightest MBAs to join us for the summer to work on key initiatives that will help move our business forward. Specifically, we are looking for interns for each of the following teams: Marketing, Business Development, Operations, and Risk – see below for more information on each team. As a company founded by MBAs and built on innovation, we will empower you to own a project from start to finish and inform key business decisions. You will have resources to execute that include peer mentors and coaches from your functional area and direct access to our CEO and executives for direction and advice.
As a lender, CB originates loans everyday. At any given time, our loan portfolio is defined by loan characteristics such as risk (credit scores), ability to pay (free cash flow) etc. The Risk Team at CommonBond owns the Credit Policy of the company. The team is responsible for creating and maintaining underwriting models, risk-based pricing models and portfolio analytics. The team also supports Capital Markets for ABS investors, Operations for loan productions and Compliance. Key functions of the team include evaluating what type of incremental loan addition to the portfolio will shape the portfolio to desired characteristics, developing algorithms for portfolio shaping on variety of dimensions such as WAC, WAM, credit scores, etc., and performing testing on real data and simulate portfolio shaping.
Why are we doing this?
We believe you are the future of business – we want you to come innovate with us.
What we're looking for:
- You are not afraid to do things differently
- You love to think big and solve problems others are intimidated by
- You have a roll-up-your-sleeves mentality – you are excited to get your hands dirty to get stuff done
- You can think creatively as well as analytically
- You are nimble, can handle changing tasks and priorities, and adapt quickly
Where: CommonBond Headquarters, SoHo, NYC
Length: 10 weeks
Deadline to apply: January 30th, 2017, 11:59pm
How to apply:
If you’re up for the challenge, we’d love to hear from you. Please apply below by providing your resume and answering the following questions listed in the application below.
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