Hybrid Summer Intern, Model Risk Analytics

theocc; Chicago (IL); Hybrid; USD 28,000 - 34,000; Full time

Benefits offered by this job

Paid sick leave

Job summary

The Options Clearing Corporation (OCC) is seeking a seasonal intern for the 12-week summer 2027 program in Chicago. The intern will join the Model Risk Management team to study risk management methods, conduct ad-hoc analyses, and design automated reporting for production vs benchmark discrepancies.

The role emphasizes learning, collaboration, and real-world financial modeling. Open to undergraduate and graduate students; 40 hours per week in a hybrid setup with in-person days to foster

Qualifications

• Rising senior or second-year graduate student, graduating Dec 2027 or May/Aug 2028.

Responsibilities

• Study risk management methods at OCC.
• Conduct ad-hoc analysis of current risk management themes using statistical, econometric and/or machine-learning methods.
• Design and implement automated reporting of production vs benchmark discrepancies and root cause analysis results.
• Review and adapt best practices of option implied volatility modeling, e.g. changes in implied volatility after earnings.

Skills

Programming basics

Python

R

Tools

Python

R

Job description

The Options Clearing Corporation (OCC) is seeking a seasonal intern for the 12-week summer 2027 program in Chicago. The intern will join the Model Risk Management team to study risk management methods, conduct ad-hoc analyses, and design automated reporting for production vs benchmark discrepancies.

The role emphasizes learning, collaboration, and real-world financial modeling. Open to undergraduate and graduate students; 40 hours per week in a hybrid setup with in-person days to foster