Model Risk Management Intern

At Enact Mortgage Insurance (Nasdaq: ACT), we understand that there’s no place like home. That’s why we bring our deep expertise, insightful offerings, and extra mile service to work every day to help lenders put more people in homes and keep them there.

We’re looking for a Model Risk Management Intern in Raleigh, NC to join us in fulfilling our mission, while utilizing our values of excellence, improvement and connection. In addition to the multiple weekly events attended by all interns, you’ll work alongside industry experts for a 12-week internship beginning May 19, 2025. You will be part of the Risk Department but will be working very closely with Data Science and Finance and Risk Analytics groups.

THE PROGRAM

Enact’s Internship Program provides an excellent opportunity for students to gain hands-on experience in achieving business results while developing technical and professional skills. Enact invests time, energy, and resources to create a worthwhile experience for interns. Interns work on meaningful business projects, but beyond that, they will network directly with leaders throughout the company (all the way up to the CEO), attend teambuilding events with their internship cohort, connect with the community through volunteer opportunities (both on-site and off-site), and attend professional development workshops. It’s a unique internship experience that helps interns develop a network of peers and mentors who act as a source of constant engagement and guidance during the internship.

LOCATION

Enact Headquarter Office, Raleigh, NC - Hybrid Schedule

YOUR RESPONSIBILITIES

Your work with the Model Risk Management will include strengthening the Model Governance Function at Enact by engaging with model owners across the organization from different business units such as Risk Analytics, Data Science, Operations and Finance. You will be working very closely on various aspects of Model Risk Management such as model validation and model performance monitoring with ample opportunities to work independently on projects.

YOUR QUALIFICATIONS

• Undergraduate junior or First year graduate student in a quantitative research field such as: Statistics, Econometrics, Computer Science, Demography / Actuarial Science, Mathematics, Data Science, Quantitative Social Sciences, Epidemiology, Engineering, etc.

• Previous coding experience in Python, R, SAS or a related language.

• Ability to understand complex ideas from multiple functional areas.

• Preference for candidates pursuing degrees in Statistics, Mathematics, Operations Research, Computer Science, Economics, and Finance; all majors are considered, given strong work experience

• Minimum GPA of 3.2 on a 4.0 scale

ADDITIONAL QUALIFICATIONS

• Proficient in Excel, Word, and PowerPoint

• Exposure to insurance, banking, or financial services industries

COMPANY
Enact is a leading publicly traded U.S. private mortgage insurance provider, offering borrower-centric products that enable lenders and other partners across the U.S. to help people responsibly achieve and maintain the dream of homeownership.

By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Headquartered in Raleigh, North Carolina, we play an active role in supporting a healthier Triangle community. We also support our colleagues’ philanthropic efforts in their home communities across the U.S.

Enact values all perspectives, characteristics and experiences, and DEI remains at the forefront of what we do. We strive to create an environment where employees can bring their full, authentic selves to work to help each other and their customers.

We are proud to be an equal opportunity employer and all hiring decisions are based on merit, qualifications, and business needs. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

WHY WORK AT ENACT

• We have a real impact on the lives of the people we serve

• We work on challenging and rewarding projects

• We give back to the communities where we live