Quant Risk Management Intern - Year Round

CME Group • New York, NY

2d • $24 - $40

About The Position

Quant Risk Management - Internship - Year Round CME Group is currently looking for a Quant Risk Management year-round intern. This candidate will assist the Quant FnO team on day-to-day activities in support of development, analysis, and back-testing of models that safeguard our clearing initiatives. As a intern within the Quant FnO team, you will support the Equity Asset Class by ensuring the integrity of our risk models, validating complex datasets, and assisting in the deployment of next-generation clearing risk solutions.

Requirements

• Programming: High proficiency in Python and SQL is essential. Experience with C++/C# is strongly preferred.
• Risk Modeling: Deep understanding of statistical models in risk management, specifically: Historical and Monte Carlo VaR Multi-Factor Risk Models Stressed VaR & Liquidity Risk models
• Derivatives Knowledge: Solid foundation in financial markets, advanced derivatives modeling, and volatility surfaces.
• Master’s degree or PhD in Financial Mathematics, Financial Engineering, Computer Science, Physics, or a related quantitative field.
• Available 40 hours a week
• Please note that our company is unable to provide employment sponsorship for this position and can only consider candidates who are legally authorized to work in the United States without sponsorship assistance (CPT, H1B, F1, L etc.).

Nice To Haves

• Experience with C++/C#

Responsibilities

• Model Validation: Conduct rigorous margin and stress testing model validations to ensure systemic stability.
• Performance Analysis: Execute daily portfolio back-testing and historical data validation for equity-based products.
• Production Support: Oversee code release testing and ensure the seamless integration of quant libraries into production environments.
• Research & Implementation: Independently conduct quantitative research to formulate, implement, and document solutions for complex risk problems.

What This Job Offers

• Career Level: Intern
• Number of Employees: 501-1,000 employees