The 2026 summer internship position sits within State Street’s Enterprise Risk Management (ERM) organization, under the Credit Risk function. Within this function, we are the Credit Risk Analytics team.
We are a diverse team of five professionals located in Boston, Stamford, Jersey, Krakow, and China. Our team is responsible for:
Enhancing credit risk models in collaboration with the modeling team and credit risk officers.
Managing Capital Stress Testing processes and outputs for the credit risk workstream, which directly impacts capital ratio analysis.
Managing the quarterly Current Expected Credit Loss (CECL) production to estimate reserve for State Street’s credit risk portfolio and ensure reserve adequacy.
Setting risk appetite and early warning indicators for credit risk
Driving automation and advanced analytics (AI) to improve efficiency and insight in credit risk management.
We work closely with other ERM teams, first-line business units, and Finance to ensure credit risk is well analyzed, controlled, and monitored.
Your Duties and Responsibilities:
As a Credit Risk Analytics Intern, you will be
Collaborate with the Credit Risk Analytics team, Credit Risk Officers, and ERM Library team to design and develop AI-powered solutions that provide actionable credit risk insights and enable process automation.
Create user-friendly interfaces (UI) that make AI tools easy to access and use for stakeholders on an ongoing basis.
Work on scalability under the guidance of the ERM Library team to enable AI tool application to grow and adapt for future needs.
Participate in testing and validation of AI models and UI components to ensure reliability and compliance with risk management standards.
Document your great work to facilitate knowledge sharing and continuous improvement of AI solutions.
What we Value:
These skills will help you succeed in this role:
Education Degree in Computer Science or a related field
Intellectual curiosity about the financial industry, credit risk, and cutting-edge AI solutions
Strong analytical mindset with the ability to work with large data
Strong communication skills
Attention to detail
Skill Development Opportunities:
As an Intern, you will have the opportunity to gain the following:
Gain understanding of State Street’s business model and how a global financial services firm operates.
Insight into Enterprise Risk Management (ERM) and Credit Risk practices
Hands-on experience applying AI in finance, working on real-world projects that drive innovation and efficiency.
Opportunity to develop and enhance an innovation mindset, exploring cutting-edge technologies and creative solutions.
Collaboration with a global team, gaining exposure to diverse perspectives and cross-functional teamwork.
What we do
State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we are making our mark on the financial services industry. For more than two centuries, we have been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients. Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance, and savings plans, among other benefits. You will have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential. Inclusion, Diversity and Social Responsibility. We genuinely believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you. State Street is an equal opportunity and affirmative action employer.
Salary Range:
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.
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.
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