Intern - Risk Management
JOB DESCRIPTION
Why GM Financial?
GM Financial is the wholly owned captive finance subsidiary of General Motors and is headquartered in Fort Worth, U.S. We are a global provider of auto finance solutions, with operations in North America, South America, and the Asia Pacific region. Through our long-standing relationships with auto dealers, we offer attractive retail financing and lease programs to meet the needs of each customer. We also offer commercial lending products to dealers to help them finance and grow their businesses.
At GM Financial, our team members define and shape our culture - an environment that welcomes innovative ideas, fosters integrity, and creates a sense of community and belonging. Here we do more than work - we thrive.
Our Purpose: We pioneer the innovations that move and connect people to what matters.
Are you excited about innovation, entrepreneurship and solving complex business problems? Then we are looking for you!
Our program offers
- 11 weeks of work experience (May 27-August 7)
- Executive and peer networking opportunities
- Independent and team project experiences
- Philanthropic activities
- Career development
- Opportunity to apply for full-time career positions
Our Culture: Our team members define and shape our culture - an environment that welcomes innovative ideas, fosters integrity, and creates a sense of community and belonging. Here we do more than work - we thrive.
Compensation: Competitive pay
Work Life Balance: Flexible hybrid work environment, 2-days a week in office
RESPONSIBILITIES
Responsibilities
- Execution model validation on high, medium, and low models
- Interface with all lines of business executives, business partners, model owners, model developers and model users
- Communication of policy requirements and changes to model developers and owners
- Provide input to model validation framework and policy changes
- Review department model governance procedures towards ensuring adherence to the policy
- Tracking model owner adherence to differing risk-level-based policy
- Participating in both internal and external model validation processes as warranted
- Supporting periodic review of model validation documentation/ internal reviews for consistency to policy
- Write and present validation findings and pursuant remediation plans to ensure resolution in a timely manner
- Managing model attestation process
- Assign Model Validation Result Scores, and monitor other standard Model Risk Key Risk Indicators (KRIs) for improvement
- Help maintain a comprehensive, centralized, and standardized model inventory
- Ensure appropriate documentation is in place
- Create analytics and reporting for the appropriate levels, including senior and executive management and risk committees
- Review model monitoring performance thresholds established in collaboration with the model owners
- Facilitate resolution and/or escalation of issues within the specified times
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QUALIFICATIONS
Qualifications
- Must be a current student pursuing a bachelor's degree or higher from an accredited college or university in Business Administration, Economics, or Finance with at least one semester remaining upon start of the internship.
- Must possess a minimum of a 3.0 (out of a 4-point scale) overall GPA.
- Junior or Senior classification preferred.
- Strong written and verbal communication skills required. This incumbent will be required to give presentations and communicate with business leaders.
- Strong analytical, quantitative, problem solving, and conceptual skills required.
- Must be detail oriented and able to prioritize tasks to meet deadlines.
- Must be able to work independently or in a team setting.
- Previous internships are considered a plus.
#LI-TL1 #LI-hybrid
Perks and Benefits
Health and Wellness
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Short-Term Disability
- Long-Term Disability
- FSA
- FSA With Employer Contribution
- HSA
- HSA With Employer Contribution
- Mental Health Benefits
- Fitness Subsidies
Parental Benefits
- Birth Parent or Maternity Leave
- Non-Birth Parent or Paternity Leave
- Adoption Leave
Work Flexibility
- Remote Work Opportunities
- Hybrid Work Opportunities
Office Life and Perks
- Happy Hours
- Company Outings
- On-Site Cafeteria
- Holiday Events
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Personal/Sick Days
- Leave of Absence
- Volunteer Time Off
Financial and Retirement
- 401(K) With Company Matching
- Performance Bonus
- Profit Sharing
Professional Development
- Tuition Reimbursement
- Promote From Within
- Mentor Program
- Shadowing Opportunities
- Access to Online Courses
- Lunch and Learns
- Internship Program
- Leadership Training Program
Diversity and Inclusion
- Unconscious Bias Training
- Employee Resource Groups (ERG)
Company Videos
Hear directly from employees about what it is like to work at GM Financial.