Summer Intern - Market Risk

The OCC•Chicago, IL

2d•Hybrid

About The Position

The Market Risk intern supports OCC’s daily market risk monitoring and helps build Python reports and tools while learning how a clearinghouse manages risk. The intern works on a defined project and presents findings to the team at the end of the summer. The OCC Summer Internship Program runs for 12 weeks, either May through August or June through September. Interns may work up to 40 hours per week in a hybrid work environment; overtime is not permitted. The program is open to undergraduate and graduate students actively enrolled at a college or university. The Market Risk team monitors the risk clearing members bring to OCC’s clearing and settlement services. The intern will learn how risk is measured for products OCC clears, including equities, futures, options, and government securities, and will support monitoring of clearing member positions and collateral using OCC risk methodologies such as stress testing. OCC operates under a Hybrid Work Program that generally requires employees to work from an OCC office at least three days per week. Tuesday and Wednesday are anchor days when employees are expected to be in the office. Employees meeting performance expectations are generally permitted to work remotely two other days per week, subject to applicable location requirements and approved exceptions. Interns and seasonal interns are eligible only for paid sick leave accrued based on hours worked; other benefits, including the technology stipend, do not apply to them.

Requirements

Be a rising senior or second-year graduate student graduating in December 2027 or May/August 2028.
Be actively enrolled at a college or university.
Have some experience with Python, through coursework or a personal project.
Have working knowledge of Excel, Word, and PowerPoint.
Have basic knowledge of statistics, securities markets, and options; coursework counts.
Demonstrate curiosity, strong communication skills, and the ability to manage time and ask questions.
Be comfortable working on multiple tasks with guidance from the team.

Nice To Haves

Desired majors include Finance, Computer Science, or Engineering.
Experience with SQL, Bloomberg, JIRA, or Confluence.

Responsibilities

Learn how market risk is measured for products OCC clears, including equities, futures, options, and government securities.
Support monitoring of clearing member positions and collateral using OCC risk methodologies such as stress testing.
Build or improve small Python scripts and reports using large data sets.
Follow financial markets, including earnings and economic announcements, and share how they could affect member portfolios.
Collaborate with colleagues on neighboring teams, such as Quantitative Risk and IT.
Assist with research, data pulls, and documentation for ongoing projects.
Present the summer project to the team.