Summer Intern – Credit Risk Management

OCC•Chicago, IL

3d•Hybrid

About The Position

The Options Clearing Corporation (OCC) is seeking interns eager to learn, humble enough to ask questions, and ready to think critically about complex problems. The OCC Internship Program equips students with the real-world skills needed to transition successfully into a career in financial services. As an intern, you will contribute to meaningful projects, applying your skills and knowledge to real challenges facing the business. Your time with us is a real opportunity to make a genuine impact on the future of OCC! OCC's Summer Internship Program is a 12-week opportunity running either May through August or June through September, and is open to undergraduate and graduate students who are actively enrolled at a college or university. Interns work up to 40 hours per week in a hybrid work environment, and overtime is not permitted. Credit Risk Management (CRM) sits within OCC's Financial Risk Management (FRM) division and is responsible for safeguarding OCC from counterparties such as Clearing Members, banks, pension funds, investment counterparties, and financial market utilities that exhibit elevated credit or operational risk or lack sound risk management programs. The team manages the full counterparty lifecycle from onboarding, monitoring, risk examinations, and off boarding. An intern on CRM would get hands-on exposure to a live counterparty risk function and contribute to the team’s mandate of managing counterparty risk. Depending on team needs, the intern would be paired with CRM staff, exposed to senior stakeholders, and given direct visibility into how OCC's first line of defense manages counterparty credit risk in practice.

Requirements

Rising senior or second-year graduate student, graduating December 2027 or May/August 2028.
Proficient in Microsoft Office, including Excel experience using lookups and pivot tables to perform data analysis, and comfortable developing PowerPoint presentations
Ability to read and understand financial statements
Excellent organization skills – must be detail oriented
Strong verbal and written communication skills
Demonstrated analytical and problem-solving skills and the ability to work in a collaborative environment

Nice To Haves

Familiarity with large relational data sets, programing languages (SQL, python, java), and data visualization tools preferred

Responsibilities

Supporting due diligence and financial statement analysis for Clearing Member or bank on-boarding applications.
Assisting with Watch Level surveillance: pulling and reviewing financial/operational data to help identify emerging risk trends.
Helping prepare materials for Clearing Member risk examinations (questionnaires, document requests, findings write-ups).
Contributing to analysis and or reporting to management.
Assisting with special projects (e.g., process enhancements, data transformation, code reviews, dashboard design, or credit rating model support) alongside Analysts and Associates on the team.