About the role#
CME Group is seeking a year-round Quantitative Risk Management Intern for the New York office. This role supports the CME Securities Clearing business by assisting with quantitative risk research, model development, and the evaluation of counterparty exposures to the Clearing House.
What you'll do#
- Develop and enhance Risk and Pricing models, including those for Value-at-Risk, stress testing, liquidity, regulatory capital, and portfolio analytics.
- Conduct empirical studies to provide recommendations on margin levels, modeling issues, and other risk-mitigation measures.
- Perform back-testing and statistical analysis to ensure the adequacy of margin coverage and justify model assumptions.
- Manage the deployment, testing, and continuous improvement of models within the production infrastructure.
- Design and prototype new models across various asset classes, including OTC and Futures.
What you'll need#
- Currently pursuing a Master or PhD in Statistics, Mathematics, Physics, Operational Research, Financial Math, or Engineering.
- Proficiency in programming languages such as Python, C++, R, VBA, and SQL.
- Understanding of back-testing frameworks, historical analysis, and scenario-based research.
- Knowledge of bond math and CME rate products.
- Commitment to high ethical standards.
- Candidates must be legally authorized to work in the United States without sponsorship.
Location & details#
- Location: New York, New York.
- Modality: On-site.
- Term: Rolling.
- Employment: Full-time internship.
- Compensation: Paid position with a pay range of $23.84 to $39.71 per hour, depending on experience and skills.
