Quant Risk Management Intern - Year Round

Overview

CME Group is seeking a year-round Quant Risk Management intern to support the Quant FnO team. The intern will assist with development, analysis, and back-testing of models that safeguard our clearing initiatives. The role focuses on supporting the Equity Asset Class by ensuring the integrity of risk models, validating complex datasets, and assisting in deploying next-generation clearing risk solutions.

Principal Accountabilities

• Model Validation: Conduct margin and stress-testing 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 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++ or 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.).

Compensation & Benefits

CME Group is committed to offering a competitive pay package for our intern roles. The typical pay range for interns is $23.84 to $39.71 per hour. Actual pay offered depends on factors including experience, skills, education, location, and area of focus. Benefits include access to comprehensive health coverage and a mental health benefit.

About CME Group

CME Group: Where Futures are Made

CME Group is the world’s leading derivatives marketplace. We offer opportunities to impact markets worldwide, transform industries, and build a career by shaping tomorrow. We invest in your success and you own it—working alongside a team of leading experts who inspire you. Problem solvers, difference makers, trailblazers — these are our people.

Equal Opportunity

At CME Group, we embrace our employees’ unique experiences and skills to ensure that everyone's perspectives are acknowledged and valued. We are an equal-opportunity employer and consider all potential employees without regard to any protected characteristic.

Important Notice

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