Quant Risk Management Intern - Year Round

TL;DR

Quant Risk Management Intern (Year Round): Assist quantitative risk research on day-to-day activities supporting CME Securities Clearing business with an accent on developing Risk/Pricing Models including Value-at-Risk, Stress Testing, Liquidity, Regulatory Capital, and Portfolio Analytics. Focus on conducting empirical studies, back-testing, statistical analysis, and ensuring model adequacy and deployment in production infrastructure.

Location: New York office (300 Vesey Street) - Local to New York. Must be legally authorized to work in the United States without sponsorship (no CPT, H1B, F1, L etc.).

Salary: $23.84–$39.71 (hourly)

Company

World’s leading derivatives marketplace.

What you will do

• Conduct empirical studies and make recommendations on margin levels, modeling issues, and risk-mitigation measures.
• Ensure models are up to date with proven theories, deploy, test, and continuously improve them in production infrastructure.
• Enhance existing risk models and design/prototype new models across asset classes like OTC and Futures (Pricing, VaR, Backtest, Stress, Liquidity).
• Perform back-testing and statistical analysis to validate margin coverage and model assumptions.

Requirements

• Pursuing Master's or PhD in Statistics, Mathematics, Physics, Operational Research, Financial Math, or Engineering.
• Local to New York.
• Legally authorized to work in the US without sponsorship.
• Experience with programming languages such as Python/C++/R/VBA and SQL.

Nice to have

• Knowledge of bond math and CME rate products.
• Proficiency in probability, statistics, and optimization.
• Understanding of back-testing frameworks, historical analysis, and scenario-based research.
• Hands-on programming in Python (numpy, pandas, matplotlib) or R/Matlab, data visualization.

Culture & Benefits

• Competitive pay package dependent on experience, skills, education, location, and focus area.
• Comprehensive health coverage and mental health benefits for interns.
• Work alongside leading experts in a diverse, inclusive environment valuing unique experiences.