Quantitative Risk Research Intern (Modeling & Margin)

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

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.