The Arch MI Enterprise Risk Management (ERM) department supports all business units in identifying, measuring, monitoring, controlling and continuously reporting on the risks to which Arch MI is or could potentially be exposed. Within ERM, the Portfolio Risk Management Team is responsible for tracking, analyzing and reporting on the $260B+ insurance portfolio, and the Model Risk Management Team is responsible for ensuring key models are appropriately developed, correctly used and effectively challenged and tested.
As an intern with the Portfolio Risk Management and Model Risk Management teams, the successful candidate will have an opportunity to work on some or all of the following projects:
-ERM Learning Rotations: Prior to beginning more involved projects, the first project for the ERM intern will be brief learning rotations across each area of the ERM group. Understanding the basic elements of ERM, and knowing the key personnel will provide a critical foundation for additional project work.
-Mortgage Insurance and Mortgage Industry data benchmarking: Finding creative and analytical ways to assess the Arch Mortgage Insurance portfolio as it relates to performance and concentrations compared to industry. Data sources may include: Fannie Mae and Freddie Mac, competitors, structured mortgage deals and transactions, mortgage bank documentation.
-Analysis of risk management best practices in the insurance industry: Reviewing and developing a body of information that includes some of the best methods and practices for risk management among well respected insurance companies across all industries.
-ERM failure analysis: Taking a critical look Arch MI’s current ERM processes and practices and looking for weaknesses / failure points. Asking the questions “how could it break” and “what could go wrong”.
-Data Governance: Assisting the newly formed Data Governance Committee as they work to define terms in the merged company environment.