CME Group is currently looking for a Quant Risk Management year-found intern.

The Quantitative Risk Management Intern will assist in developing risk and pricing models that evaluate counter-party exposures to the Clearing House. This includes models related to pricing, Value-at-Risk, stress testing, liquidity, and regulatory capital, and also developing tools for portfolio analytics (e.g. sensitivities, risk reports, and margin adequacy). The intern will also perform the back testing and statistical analyses required to ensure the adequacy of margins and to justify model assumptions.

Skills / Software Requirements:

• Studying in Quantitative Finance, Statistics, Mathematics, Computer Science, Physics, or a relevant scientific field.

• Strong demonstrable knowledge of pricing complex derivatives and performing advanced statistical analysis on underlying risk factors.

• Academic experience in probability theory, statistics, and stochastic processes.

• Experience providing theoretical justifications of risk models.

• Experience with programming languages such as C++/C#, Python, R, VBA, and SQL is essential.

• To apply for this summer internship applicants must be in education with more than 3 months to completion. Preference will be given to Masters students.

Education:

• Bachelor or Masters in Computer Science, Financial Engineering, Financial Mathematics, Mathematics, Physics, or a related discipline
• To apply for this year-round internship applicants must be in education with more than 3 months to completion. Preference will be given to Masters students

Other Requirements

• Fully On-Site - able to come into the CME Group Chicago office (located at 20 S. Wacker, Chicago, IL 60606).
• Able to work 40 hours per week during summer term.

#EarlyCareers

CME Group is committed to offering a competitive pay package for our employee interns. The annualized salary range typically applicable to our intern roles is $43,900-$73,100. 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 and most diverse 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' diverse experiences, cultures and skills, and work to ensure that everyone’s perspectives are acknowledged and valued. As an equal opportunity employer, we recognize the importance of a diverse and inclusive workplace and 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 .

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 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.

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: https://www.cmegroup.com/careers/files/recruitment-fraud-notice.pdf