Quant Risk Management Intern - Year Round

CME Group; New York (NY); On-site; USD 31,918 - 53,244; Full time

Benefits offered by this job

Comprehensive health coverage

Mental health benefit

Job summary

A leading derivatives marketplace is seeking a Quantitative Risk Intern in New York. The intern will develop risk and pricing models to evaluate counterparty exposures, enhance Python tools, and assist with back-testing for OTC products. Strong programming skills in Python and SQL are essential, with experience in C++/C#, R, and VBA being beneficial. This internship offers a competitive pay package between $23.17 and $38.65, along with opportunities for health coverage and other benefits.

Qualifications

• Strong programming skills in Python and SQL are essential.
• Experience with C++/C#, R, and VBA is beneficial.

Responsibilities

• Develop risk and pricing models to evaluate counterparty exposures.
• Enhance Python tools for portfolio selection and market data preparation.
• Assist with back-testing and margin analysis for OTC products.

Skills

Python

C++/C#

R

VBA

SQL

Job description

The Quantitative Risk Intern will be responsible for helping to develop Risk/Pricing Models that evaluate counterparty exposures to the Clearing House. These include models related to Pricing, Value-at-Risk, Stress Testing, Liquidity, Regulatory Capital, and also developing tools for Portfolio Analytics (Sensitivities, Risk Reports, Margin Coverage, etc.). This intern will also perform back-testing to ensure the adequacy of margin coverage and model assumptions.

Principal Accountabilities

• Enhance current python tools to select portfolios, preparing market data, etc.
• Assist with back testing run and plotting margin results
• Support quant researchers for margin analysis for OTC related products

Skills & Software Requirements

Programming languages such as Python, C++/C#, R, VBA and SQL are essential.

#EarlyCareers

CME Group is committed to offering a competitive pay package for our employee interns. The pay range typically applicable to our intern roles is $23.17–$38.65. Actual pay offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education, location of the internship, and the internship area of focus. Through our benefits program, we offer our employee interns the opportunity to participate in select offerings. This includes our comprehensive health coverage and a mental health benefit.

CME Group: Where Futures are Made

CME Group is the world’s leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it - all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we’re looking for more.

At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone’s perspectives are acknowledged and valued. As an equal‑opportunity employer, we consider all potential employees without regard to any protected characteristic.

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