This summer, CBE Fellow Morgan Douglas is working as a Model Risk Intern under the Enterprise Risk Management division of First National Bank in Hermitage, PA. We asked Morgan…
How did you find your internship?
Morgan: I found the internship job posting on Handshake. I applied, went through multiple interviews, and then I got the job offer!
What are your duties?
Morgan: As the Model Risk Intern, I participate in ongoing model validations and model reviews, conduct model risk reviews of models currently in production, analyze results produced by models to determine their accuracy and statistical relevance, and write reports summarizing validation and review findings. Working in Model Risk has allowed me to network with other departments, communicating with other department heads about models that they use and potential new models from in-house departments and vendors. Along with applying statistical, economic, and computer science concepts to my work, I have learned about regulations that banks must follow. These skills combined allow me to explore exciting models such as the bank’s AML model.
Would you recommend this internship to other students?
Morgan: Along with model risk work, FNB provides “lunch and learn” sessions for interns to talk one-on-one with leaders of the bank, such as the CEO and CFO, who are eager to help mentor us! FNB’s core values – Integrity & Honor, Excellence & Passion, Teamwork & Collaboration, Innovation & Creativity, Leadership & Recognition – create a welcoming, educational and motivational workplace, perfect for hard-working and eager students.
Morgan is a third-year student at Allegheny College, majoring in Economics and minoring in Mathematics. Along with her studies, Morgan is the Data and Technology Intern for Residence Life (previously working as a Residential Advisor), a Fellow for the Center for Business and Economics, the Vice President of the Wealth Management Club, Women in Business and Economics Club Treasurer, a Delta Omicron Epsilon International Economics Honor Society member, a member of Bridge Club where she helps teach local high school students how to play, and has worked as a teacher’s assistant/peer mentor for the department in the past. Morgan is eager to spread awareness among peers and local high school students of career opportunities in Economics and Mathematics. She plans to pursue a graduate program for data analytics.