Quant Risk Management - Internship - Year Round
CME Group is currently looking for a Quant Risk Management year-round intern.
This candidate will assist the Quant FnO team on day-to-day activities in support of development, analysis, and back-testing of models that safeguard our clearing initiatives. As a intern within the Quant FnO team, you will support the Equity Asset Class by ensuring the integrity of our risk models, validating complex datasets, and assisting in the deployment of next-generation clearing risk solutions.
Principal Accountabilities:
- Model Validation: Conduct rigorous margin and stress testing model validations to ensure systemic stability.
- Performance Analysis: Execute daily portfolio back-testing and historical data validation for equity-based products.
- Production Support: Oversee code release testing and ensure the seamless integration of quant libraries into production environments.
- Research & Implementation: Independently conduct quantitative research to formulate, implement, and document solutions for complex risk problems.
Skills / Software Requirements:
- Programming: High proficiency in Python and SQL is essential. Experience with C++/C# is strongly preferred.
- Risk Modeling: Deep understanding of statistical models in risk management, specifically:
- Historical and Monte Carlo VaR
- Multi-Factor Risk Models
- Stressed VaR & Liquidity Risk models
- Derivatives Knowledge: Solid foundation in financial markets, advanced derivatives modeling, and volatility surfaces.
Minimum Qualifications:
- Master’s degree or PhD in Financial Mathematics, Financial Engineering, Computer Science, Physics, or a related quantitative field.
- Available 40 hours a week
Sponsorship Qualifications:
- Please note that our company is unable to provide employment sponsorship for this position and can only consider candidates who are legally authorized to work in the United States without sponsorship assistance (CPT, H1B, F1, L etc.).
#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 $23.84--$39.71. 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.
Important Notice: Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here.
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What We Do
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world’s leading central counterparty clearing provider in the world, which offers clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.
