Quant Risk Management Intern - Year Round

CME Chicago Mercantile Exchange Inc.; New York (NY); On-site; USD 32,841 - 54,704; Part time

Benefits offered by this job

Comprehensive health coverage

Mental health benefit programs

Job summary

CME Chicago Mercantile Exchange Inc. is seeking a Quantitative Year-Found Intern for its New York office. This role involves assisting in quantitative risk research focused on CME Securities Clearing operations.

Responsibilities include conducting empirical studies, enhancing risk models, and improving model infrastructures. Candidates should be pursuing a Master’s or PhD in relevant fields and have programming experience with languages like Python and SQL, as well as strong statistical skills.

The pay for the role ranges from $23.84 to $39.71 per hour and includes comprehensive health benefits.

Qualifications

• Must be currently pursuing a Master’s or PhD.
• Hands-on programming experience in Python or analytical packages.
• Knowledge of bond math and CME rate products.

Responsibilities

• Conduct empirical studies to make margin level recommendations.
• Deploy, test, and continuously improve models in production.
• Enhance existing risk models and design prototypes for new models.

Skills

Programming languages (Python, C++, R, VBA, SQL)

Statistical analysis

Risk modeling

Education

Master or PhD in Statistics, Mathematics, Physics, Operations Research, Financial Math or Engineering

Tools

Python libraries (numpy, pandas, matplotlib)

R/Matlab

Job description

Position

CME Group is looking for a Quantitative Year-Found Intern in our New York office to assist our quantitative risk research on day-to-day activities supporting CME Securities Clearing business.

Principal Accountabilities

• Conduct empirical studies and make recommendations on margin levels, modeling issues, and other risk‑mitigation measures.
• Ensure that the model is up to date with proven theories in the field.
• Deploy, test, and continuously improve models within the production infrastructure.
• Enhance existing risk models and design prototypes for new models across different asset classes such as OTC and Futures (Pricing, VaR, Backtest, Stress, Liquidity, etc.).

Required Qualifications

• Master or PhD in Statistics, Mathematics, Physics, Operations Research, Financial Math or Engineering.
• Experience with programming languages such as Python, C++, R, VBA, and SQL.

Desired Qualifications

• Commitment to the highest ethical standards.
• 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 experience in Python (numpy, pandas, matplotlib) or analytical packages (R/Matlab) and data visualization.

Minimum Qualifications

• Currently pursuing a Master’s or PhD.

Sponsorship Qualifications

• Only candidates legally authorized to work in the United States without sponsorship assistance (CPT, H1B, F1, L etc.) will be considered.

Benefits

The pay range for interns is $23.84–$39.71 per hour, depending on experience and location. Interns participate in our comprehensive health coverage and mental health benefit programs.

Equal‑Opportunity Employer

CME Group is an equal‑opportunity employer, providing employment opportunities without regard to any protected characteristic.