About the role#
This is a year-round, full-time quantitative internship based in New York. You will support the CME Securities Clearing business by assisting with quantitative risk research and contributing to a team that develops risk and pricing models. These models evaluate counterparty exposures to the Clearing House, including areas such as Value-at-Risk, stress testing, liquidity, and regulatory capital.
What you'll do#
- Conduct empirical studies and provide recommendations regarding margin levels, modeling issues, and risk-mitigation measures.
- Enhance existing risk models and design or prototype new models across asset classes including OTC and futures.
- Perform back-testing and statistical analysis to ensure the adequacy of margin coverage and justify model assumptions.
- Ensure the deployment, testing, and continuous improvement of models within the production infrastructure.
- Develop tools for portfolio analytics and ensure models remain current with theoretical advancements.
What you'll need#
- Currently pursuing a Master or PhD in Statistics, Mathematics, Physics, Operational Research, Financial Math, or Engineering.
- Experience with programming languages such as Python, C++, R, VBA, or SQL.
- Understanding of back-testing frameworks, historical analysis, and scenario-based research.
- Knowledge of bond math and CME rate products.
- Proficiency in probability, statistics, and optimization.
- A commitment to high ethical standards.
Location & details#
- Location: New York, New York.
- Modality: On-site.
- Sponsorship: This position does not provide employment sponsorship. Candidates must be legally authorized to work in the United States without assistance.
About CME Group
CME Group operates as a derivatives marketplace for managing financial risk. The company provides exchange services for futures and options across asset classes like interest rates, equity indexes, and commodities. It connects buyers and sellers through the CME Globex electronic trading platform and physical facilities in Chicago and New York. Founded in 1898, the organization also provides clearing and settlement services.
How to get in at CME Group
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