Summer Intern: Model Risk Analytics (Hybrid)

The Options Clearing Corporation (OCC); Illinois; Hybrid; USD 29,000 - 40,000; Part time

Job summary

The Options Clearing Corporation (OCC) invites undergraduates and graduates to join its 12-week Summer Internship Program in a hybrid work environment in Chicago. You will contribute to meaningful projects within the Model Risk Management team, developing real-world skills in risk assessment.

Open to students actively enrolled at college or university, the internship offers up to 40 hours per week, with overtime not permitted, and exposure to pricing, margin, and liquidity models through

Qualifications

• Rising senior or second-year graduate student, graduating December 2027 or May/August 2028.
• Desired majors include Financial mathematics, Mathematics, Physics, Finance, Computer Science.

Responsibilities

• Study risk management methods at OCC.
• Conduct ad-hoc analysis of current risk management themes using statistical, econometric and/or machine-learning methods
• Design and implement automated reporting of production vs benchmark discrepancies and root cause analysis results
• Review and adapt best practices of option implied volatility modeling, e.g. changes in implied volatility after earnings announcements

Skills

Python or R programming

Statistics & probability

Financial mathematics

Data analysis

Tools

Excel

PowerPoint

Job description

The Options Clearing Corporation (OCC) invites undergraduates and graduates to join its 12-week Summer Internship Program in a hybrid work environment in Chicago. You will contribute to meaningful projects within the Model Risk Management team, developing real-world skills in risk assessment.

Open to students actively enrolled at college or university, the internship offers up to 40 hours per week, with overtime not permitted, and exposure to pricing, margin, and liquidity models through