Year-Round Intern - Model Analyst

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Chicago, IL
Hybrid
Big Data • Cloud • Fintech • Information Technology • Financial Services
We clear and settle trades for the options industry.
The Role

About OCC:
A World Class Clearing Organization
OCC is the largest equity derivatives clearing organization in the world. We provide central counterparty clearing and settlement services for equity options, futures, options on futures, and securities lending transactions. We serve approximately 115 clearing members and 15 exchanges including CBOE, Nasdaq, and NYSE.
OCC is building a culture that empowers continued learning, authentic innovation, and constant creativity.
About the Intern Program:
OCC is looking for interns who are hungry for the chance to learn more, humble enough to admit they don't know all the answers, and smart enough to recognize the opportunity. The OCC Internship Program provides students with the real-world skills to successfully transition into a career in the financial services industry. As an intern, you will help lead projects that help shape the future of OCC. This person will apply their skill set and knowledge toward tackling designated projects. This is an exciting opportunity to have a true impact on the company by designing and implementing solutions for real challenges facing the business. Here's what we're looking for:
Projects and Responsibilities:

  • Perform analysis to investigate issues/causes of different model's performances
  • Perform quantitative analysis on complex datasets
  • Improve regulatory reporting by enhancing the Python programs used
  • Automate model performance analysis by creating new Python programs


Candidate Qualifications:

  • Desired major(s): Financial mathematics, Financial Engineering, Computational Finance
  • Must be currently pursuing graduate school for a master's degree
  • One year experience of the following Programming languages: Python, R, or MATLAB
    Also have experience or classes covering SQL
  • Undergraduate degree in STEM is helpful


What knowledge and skills will the intern gain from this internship?

  • Experience working in the financial industry
  • Perform complex quantitative analysis related to risk and pricing models
  • Gain experience writing programming languages
  • Learn and understand quantitative concepts
  • Learn about risk and pricing models
  • Communication and collaborative teamwork skills


Step 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.

Step 2
You will receive an email notification to confirm that we've received your application.

Step 3
If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.

For more information about OCC , please click here .
OCC is an Equal Opportunity Employer

What the Team is Saying

Mike
Enterprise Architect
“I think external changes to market and regulations present new opportunities for employees. OCC is looking to the newest technologies to allow dynamic, transparent executing environments locally or in the cloud for the developer, testing, and product“
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The Company
HQ: Chicago, IL
1,033 Employees
Hybrid Workplace
Year Founded: 1973

What We Do

As the foundation for secure markets, OCC is a customer-driven organization that delivers world-class Risk Management, Clearing, and Settlement Services for a sophisticated mix of financial products that includes standard options, stock loans, and futures contracts.

Why Work With Us

We're bound together by values and behaviors that shape the way we work and live, from team projects to after-hours events and to making a difference in our communities. OCC colleagues thrive in an atmosphere of intellectual curiosity, creative problem-solving and effective interaction.

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OCC Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

A hybrid work environment, up to 2 days per week of remote work

Typical time on-site: 3 days a week
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HQChicago, IL
Company Office Image
Dallas, TX
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Washington, DC
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