Summer Market Risk Intern — Python & Data Projects

The Options Clearing Corporation; Chicago (IL); Hybrid; USD 2,841,000 - 4,047,000; Full time

Benefits offered by this job

Hybrid work environment

Tuition reimbursement

Student loan repayment assistance

Technology stipend

Generous PTO and parental leave

401k employer match

Health benefits

Job summary

The Options Clearing Corporation invites undergrad and graduate students to join its Summer Internship program in Market Risk. You will learn how market risk is measured, help build Python reports, and present your findings to the team at program end.

The 12-week internship runs May–August or June–September, with up to 40 hours per week in a hybrid environment. Remote work is allowed two days per week; compensation is provided along with a strong benefits package.

Qualifications

• Rising senior or second-year graduate student, graduating December 2027 or May/August 2028.
• Desired Majors Finance, Computer Science, Engineering.
• Desired Some experience with Python (coursework or personal project).
• Working knowledge of Excel, Word, and PowerPoint.
• Nice to have: SQL, Bloomberg, JIRA, or Confluence.
• Basic knowledge of statistics, securities markets, and options (coursework counts).
• Curiosity, strong communication skills, and the ability to manage your time and ask good questions.
• Comfort working on multiple tasks with guidance from your team.

Responsibilities

• Learn how market risk is measured for the products OCC clears (equities, futures, options, and government securities).
• Support the team in monitoring clearing member positions and collateral, using OCC’s risk methodologies such as stress testing.
• Build or improve small Python scripts and reports using large data sets.
• Follow financial markets, including earnings and economic announcements, and share how they could affect member portfolios.
• Collaborate with colleagues on neighboring teams, such as Quantitative Risk and IT.
• Help with research, data pulls, and documentation for ongoing projects.
• Present your summer project to the team

Skills

Python

Excel

PowerPoint

Word

Bloomberg

JIRA

Confluence

SQL

Statistics

Education

Pursuing undergrad or grad degree in Finance/CS/Engineering

Tools

Python

Job description

The Options Clearing Corporation invites undergrad and graduate students to join its Summer Internship program in Market Risk. You will learn how market risk is measured, help build Python reports, and present your findings to the team at program end.

The 12-week internship runs May–August or June–September, with up to 40 hours per week in a hybrid environment. Remote work is allowed two days per week; compensation is provided along with a strong benefits package.