Model Risk Management Intern

Job overview

The Model Risk Management Intern role is onsite in Indianapolis, IN, for a 12-week summer program. The posting states pay of $20 per hour. The intern supports First Merchants Bank’s model governance, AI governance, model review, and tool governance programs. The role helps the bank identify, document, assess, monitor, and govern models, AI-enabled solutions, and non-model tools. Through project work and coordination with risk and business partners, the intern gains exposure to second-line risk management practices and contributes to governance reporting and documentation.

What you'll do

• Assist with model inventory updates, model determination documentation, AI and Copilot agent governance reviews, questionnaire tracking, risk assessment support, policy and procedure documentation, validation and review evidence organization, meeting preparation, and management and governance reporting materials.

What we're looking for

Skills & competencies

model risk management intern

first merchants bank

indianapolis in

summer internship

$20/hr

model governance

ai governance

risk assessment

model review

copilot governance

banking

12-week program

Work arrangement

• Weekend coverage required

Benefits & perks

• Mentorship, networking and development events, meaningful projects, and participation in a community service project.

Why this role

A 12-week paid summer internship with mentorship, networking and development events, a community service project, and an opportunity to present learnings to senior leadership.

About the employer

First Merchants Bank is hiring for this role. Industry: Commercial Banking. Sector: 52.