Quantitative Risk Intern - Summer 2027

DV Trading; Chicago (IL); On-site; USD 48,000 - 55,000; Part time

Job summary

DV Trading in Chicago seeks a quantitatively strong student for a role in Quantitative Risk Management. You will generate risk scenario wargames, build monitoring frameworks, and translate results into decision-ready insights.

Ideal candidates are pursuing a highly quantitative degree, proficient in Python and SQL, and capable of clearly communicating complex analyses to senior management.

Qualifications

• Pursuing a degree in a highly quantitative field with expected graduation Winter 2027 to Summer 2028.
• Strong knowledge of statistical modeling and quantitative techniques.
• Basic proficiency in Python and SQL; ability to communicate findings clearly.

Responsibilities

• Generate risk scenario wargaming suggestions and follow through with analyses.
• Build quantitative risk monitoring and present results to stakeholders.
• Translate results into actionable insights to support business decisions.
• Contribute to cross-functional Quantitative Risk Management initiatives.
• Present reviews and results to executive management.

Skills

Statistical modeling

Python

SQL

Communication

Education

Quantitative degree (Math/Statistics/Physics/CS)

Tools

SciPy & statsmodels

R

MATLAB

Excel

Job description

About Us

Founded 20 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 600 people operating throughout North America, Europe and Asia. Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital, trading strategies, and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a cryptocurrency market making firm, and a bourgeoning investment adviser.

Responsibilities

• Generate suggestions for risk scenario “wargaming” exercises.
• Build and execute advanced quantitative risk monitoring using results from above exercise, including design, collection and analysis of key risk metrics in collaboration with multiple stakeholders to influence business strategy.
• Utilize advanced quantitative analytics to assess future risk, opportunities, and effectiveness and translate results into meaningful solutions to enhance decision making.
• Contribute to strategic, cross-functional initiatives within the Quantitative Risk Management team.
• Present results of the reviews performed to the Executive Management Team.

Requirements

• Pursuing a degree in Mathematics, Statistics, Physics, Computer Science, or another highly quantitative field and expected to graduate between Winter 2027 and Summer 2028
• Proficient to advanced knowledge of statistical modeling and other quantitative techniques including, but not limited to linear & non-linear regression, optimization, simulation, time-series analysis, probability theory, survival analysis, value-at-risk, PCA, and GARCH
• Basic proficiency in Python and SQL is required
• Ability to communicate complex concepts and findings in a clear and concise manner.

Preferred Skills

• Knowledge of option pricing and fixed income analytics
• Advanced proficiency in Python
• A working knowledge of Python SciPy & statsmodels, R, C/C++/C#, SAS, and/or Matlab
• Knowledge of enterprise risk management and internal control standards, especially within the financial services industry
• Proficiency in data management and reporting tools strongly desired (Essbase, Word, Excel, Power Point, Access)

Compensation range: $35.00-$40.00/hr

DV is proud to be an equal opportunity employer and committed to creating an inclusive environment for all employees.