Hybrid Summer Intern, Quantitative Risk Management

The Options Clearing Corporation (OCC); Illinois; Hybrid; USD 28,000 - 40,000; Full time

Benefits offered by this job

Paid sick leave accrual

Job summary

The Options Clearing Corporation (OCC) invites energetic students to join its Summer Internship Program in Chicago, a 12-week hybrid role designed to expose you to risk models and financial analytics within QRM.

As an intern, you will collaborate with quantitative analysts on model development, validation, and monitoring, gaining hands-on experience that can launch a career in financial services.

Qualifications

• Rising senior or second-year graduate student, graduating December 2027 or May/August 2028.
• Majors: Financial Mathematics, Financial Engineering, Statistics, Applied Mathematics, Finance, Economics.

Responsibilities

• Assist in the model specification development and impact analysis.
• Work on PNL decomposition and backtesting exceedance attribution analysis.
• Work on model performance monitoring enhancements.
• Support other BAU or / and R&D projects such as supporting model annual validation, model performance monitoring, and parameter and assumption review.

Skills

Financial mathematics

Econometrics

Python

Data analysis

PowerPoint

Excel

Job description

The Options Clearing Corporation (OCC) invites energetic students to join its Summer Internship Program in Chicago, a 12-week hybrid role designed to expose you to risk models and financial analytics within QRM.

As an intern, you will collaborate with quantitative analysts on model development, validation, and monitoring, gaining hands-on experience that can launch a career in financial services.