2027 Summer Internship Program - Risk Management Intern (St. Petersburg, FL)

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Raymond James

Raymond James

2027 Summer Internship Program - Risk Management Intern (St. Petersburg, FL)

Saint Petersburg, FL
Internship
Paid
  • Responsibilities

    Job Description Summary

    Raymond James Overview

    One of the largest independent financial services firms in the country could be the place you build a career beyond your expectations.

    Our focus is on providing trusted advice and tailored, sophisticated strategies for individuals and institutions. Raymond James Financial is a diversified holding company, headquartered in St. Petersburg, FL. Raymond James provides financial services to individuals, corporations and municipalities through its subsidiary companies engaged primarily in investment and financial planning, in addition to capital markets and asset management.

    At Raymond James, we are putting the power of perspectives into action and building an inclusive and diverse workforce that reflects our commitment to associates, and clients of the future. Our company values associate development and growth, offering opportunities through developmental programs, mentorships, and continuing education options.

    We strive to ensure everyone feels welcomed, valued, respected and heard so that you can fully contribute your unique talents for the benefit of clients, your career, our firm and our communities. Raymond James is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

    Internship Program Overview

    Raymond James is the place where good people grow and nowhere is that better demonstrated than in our internship program. During the 10-week immersive experience, you will engage with and implement the firm’s core values through our five guiding behaviors. Featuring a comprehensive orientation, onsite and remote training sessions in professional development, networking events, a speaker series, and volunteer opportunities, you will be equipped with knowledge of the business and culture to help you build relationships and develop skillsets for the internship and your future.

    To be eligible for the summer 2027 internship program, you must be a junior or senior standing candidate pursuing a Bachelor's or Master’s Degree in a business-related field with a graduate date of May 2028 or December 2027. Most positions are based in St. Petersburg with other available locations depending on company need.

    Candidates who successfully complete the internship program have the opportunity to transition into a full-time role at Raymond James after graduation.

    Department Overview

    Our organization’s mission is to maximize RJF’s ability to achieve its business objectives by creating a comprehensive approach to anticipate, identify, prioritize, and manage all material risks to business objectives.

    Risk organization covers both financial and non-financial risk management activities which include Non-Financial Risk Management/Operations Risk Management, Model Risk Management, Credit Risk Management, Market Risk Management, Treasury Risk Management and Enterprise Risk Management, Segment Risk Office and Strategy & Operations.

    Financial Risk Management (Market, Treasury and Credit Risk) and Enterprise Risk

    Under general supervision, uses skills gained through training and experience to assist with specific projects within the Financial Risk Management and Enterprise Risk Management teams for a specified period of time. The intern will participate in projects with significant scope and impact and provide assistance in areas of change management (e.g. new or enhanced enterprise or operational risk management programs, project management, research etc.) and business as usual execution of current risk programs. Follows established procedures to perform tasks and receives general guidance and direction to perform other work with substantial variety and varied complexity. Some judgment is required to adapt procedures, processes and techniques to apply to more complex assignments. Resolves routine questions and problems and refers more complex issues to a higher level. Routine contact with internal and external customers may be required to exchange basic information.

    Model Risk Management and Risk Data & Analytics

    Under general supervision, uses skills gained through training and experience to assist with specific projects within the Model Risk Management and Data & Analytics teams for a specified period of time. The intern will participate in projects with significant scope and impact and provide assistance in areas of change management (e.g. new or enhanced enterprise or operational risk management programs, project management, research etc.) and business as usual execution of current risk programs. Follows established procedures to perform tasks and receives general guidance and direction to perform other work with substantial variety and varied complexity. Some judgment is required to adapt procedures, processes and techniques to apply to more complex assignments. Resolves routine questions and problems and refers more complex issues to a higher level. Routine contact with internal and external customers may be required to exchange basic information.

    Non-Financial Risk / Strategy & Operations

    Under general supervision, uses skills gained through training and experience to assist with specific projects within the Non-Financial Risk Management and Strategy & Operations teams for a specified period of time. The intern will participate in projects with significant scope and impact and provide assistance in areas of change management (e.g. new or enhanced enterprise or operational risk management programs, project management, research etc.) and business as usual execution of current risk programs. Follows established procedures to perform tasks and receives general guidance and direction to perform other work with substantial variety and varied complexity. Some judgment is required to adapt procedures, processes and techniques to apply to more complex assignments. Resolves routine questions and problems and refers more complex issues to a higher level. Routine contact with internal and external customers may be required to exchange basic information.

    Internship Length: 10 weeks

    Start Date: 6/2/2027

    End Date: 8/13/2027

    Work Schedule: Monday through Friday, up to 40 hours per week

    Job Description

    • EssentialDuties and Responsibilities
      • Supports ongoing risk management consulting activities for assigned area of responsibility in accordance with internal standards, relevant government statutes and regulations.
      • Partners with colleagues and business process owners to evaluate the control environment and develop recommendations to strengthen internal controls and mitigation strategies.
      • Stays up-to-date with evolving regulatory changes and market events impacting the business.
      • Develops and maintains an in-depth understanding of business areas, its products, and supporting functions.
      • Performs data collection and analysis in compliance with program requirements to assist in identifying, analyzing and recommending changes to core business processes to minimize risk.
      • Assists in performing reviews for assigned areas to identify key controls and mitigation strategies.
      • Performs evaluations of key controls or remediation activities.
      • Identifies, reviews, assesses and documents risk management and control issues in assigned business processes.
      • Assists in preparing written reports and recommendations on the effectiveness of assigned business processes and risk mitigation activities.
      • Builds and maintains key relationships with stakeholders demonstrating a culture of engagement and assistance.
      • Performs other duties and responsibilities as assigned.

    Knowledge of

    • Fundamental concepts, practices and procedures of risk management.
    • Fundamental concepts of financial markets and products.

    Skill in

    • Strong interpersonal skills for interfacing with all levels of management.
    • Strong analytical skills, particularly with regard to assessing the probability and impact of an internal control weakness.
    • Enthusiastic, self-motivated, effective under pressure.
    • Proven ability to manage time and deliver against deadlines.
    • Direct experience or hands-on coursework utilizing SQL and Python for data analysis
    • Attend to detail while maintaining a big picture orientation.
    • Gather information, identify linkages and trends and apply findings to assignments.
    • Interpret and apply policies and identify and recommend changes as appropriate.
    • Organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment.
    • Meet tight deadlines within budgeted hours.
    • Work independently, demonstrating initiative and problem solving skills.
    • Establish and maintain effective working relationships at all levels of the organization.
    • Provide a high level of customer service.

    Educational/ Previous Experience Requirements

    • Bachelor’s degree (2028) with a major in Finance, Accounting, Economics, Mathematics or Statistics. (Financial Risk Management (Market, Treasury and Credit Risk) and Enterprise Risk)
    • Bachelor’s degree (2028) with a major in Data Science, Computer Science, Finance, Mathematics or Statistics (Model Risk Management and Risk Data & Analytics)
    • Bachelor’s degree (2028) with a major in Finance, Business Administration or Information Technology (Non-Financial Risk / Strategy & Operations)
    • Eligible applicants must be legally authorized to work in the US and not require visa sponsorship now or in the future (including beyond OPT/EAD).
    • Any equivalent combination of experience, education, and/or training approved by Human Resources.

    Licenses/Certifications

    • None required.

    Location

    Hybrid position - St. Petersburg office

    • No travel required.

    Education

    High School (HS)

    Work Experience

    General Experience - 4 to 6 months

    Certifications

    Travel

    Less than 25%

    Workstyle

    Hybrid

    The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave. Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

    At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

    We expect our associates at all levels to:

    • Grow professionally and inspire others to do the same
    • Work with and through others to achieve desired outcomes
    • Make prompt, pragmatic choices and act with the client in mind
    • Take ownership and hold themselves and others accountable for delivering results that matter
    • Contribute to the continuous evolution of the firm

    At Raymond James - as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

    #LI-AA2

  • Industry
    Financial Services
  • About Us

    Raymond James is a diversified financial services company providing wealth management, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Founded in 1962 in St. Petersburg, Florida, the firm now has locations across the United States, Canada, the United Kingdom and Germany, and is listed on the New York Stock Exchange under the symbol RJF