# 2027 Market Risk Intern, New York [Millennium](https://www.jorb.ai/firms/millennium.md) · New York · United States · [Risk & Compliance](https://www.jorb.ai/jobs/risk-compliance.md) Millennium is hiring a 2027 Market Risk Intern, New York in New York. Posted 2026-07-27; applications close 2026-09-25. **Apply**: https://mlp.eightfold.ai/careers/job/755957778862 Posted 10d ago. ## Role details ## 2027 Market Risk Summer Intern – New York ### Location New York, New York ### About Millennium Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation, and focus, Millennium’s mission is to deliver results for its investors. Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management, and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve, and build lasting impact over time. ### Meet the Teams Millennium’s Global Risk Management Department identifies, measures, monitors, manages, and reports on the market risks associated with the firm’s portfolios. The team partners with portfolio managers across asset classes to monitor investment objectives and risk parameters using a broad range of measures and guidelines. During this ten-week program, interns receive training from experienced professionals and may join an Equities, Credit and Mortgage, Rates and Macro, Commodities, Volatility, or Enterprise Risk desk in a rigorous, collaborative environment. ### What You’ll Do - Develop and support tools for monitoring the risk of the firm’s trading groups, such as risk guidelines and pre-trade checks, factor model-based projects, and performance measurement (including model development and model validation work). - Investigate overlapping exposures between portfolio management teams. - Assess market exposures, stress testing scenarios, and portfolio sensitivities. - Utilize Python for data cleaning, time series analysis, statistical modeling, and visualizations. - Present data-driven insights clearly and effectively to the broader team. - Evaluate pricing frameworks for financial instruments such as interest rate options, inflation derivatives, and structured products. - Perform day-to-day tasks as well as longer-term projects. - Build, test, and validate quantitative and statistical models, including model performance monitoring and documentation. - Conduct research and apply data science techniques such as predictive modeling and statistical analysis. ### What You Have - Graduating between December 2027 and June 2028 with an undergraduate or master’s degree. - Expected GPA of 3.5 or above. - A field of study in mathematics, statistics, physics, computer science, or engineering. - Strong quantitative, analytical, statistical analysis, and data science skills. - Exposure to quantitative modeling or model validation. - Experience using Python or R. - Experience leveraging AI tools to improve research, workflow efficiency, and problem-solving, with strong attention to detail and sound judgment. - Understanding of financial markets. ### Salary Range The estimated base salary range for this position is $110,000 to $150,000, specific to New York and may change in the future. ## Applying to this role This 2027 Market Risk Intern, New York role at Millennium runs through the firm's own careers portal and expects a CV and cover letter written specifically for the posting, not a portable submission carried across firms. Jorb AI's application agent tailors a CV and cover letter from your background to this posting and tracks the role alongside the rest of your applications. [Tailor this application](https://www.jorb.ai/signup?ref=job-atom&firm=millennium&job=6a6d3732346310bd84beb880) ## More open roles at Millennium - [2027 Technology Collaboration Intern, London](https://www.jorb.ai/jobs/6a6d6f8a74fc0176085e475b.md) – London, posted 7d ago - [2027 Quantitative Developer Intern, Hong Kong](https://www.jorb.ai/jobs/6a6d6f8a74fc0176085e4754.md) – Hong Kong, posted 7d ago - [Trading Services Coordinator](https://www.jorb.ai/jobs/6a69eac2fd8e9f04daf6ae7a.md) – London, posted 8d ago - [2027 Sector Specialist Intern, London](https://www.jorb.ai/jobs/6a6d6f8a74fc0176085e474f.md) – London, posted 9d ago - [2027 Quantitative Developer Intern, New York](https://www.jorb.ai/jobs/6a6d3732346310bd84beb87f.md) – New York, posted 9d ago ## Other open Risk & Compliance roles - [2027 Institutional Equity Division Business Control Unit Industrial Placement Program (Hong Kong)](https://www.jorb.ai/jobs/6a44600ef0a594deddfba63d.md) at [Morgan Stanley](https://www.jorb.ai/firms/morgan-stanley.md) – Hong Kong, posted 1mo ago - [London – Long Term Internship 2026 – Credit Counterparty Risk Management Information](https://www.jorb.ai/jobs/6a5cb1afa1cfbd8f362e9b02.md) at [BNP Paribas](https://www.jorb.ai/firms/bnp-paribas.md) – London, posted 25d ago - [Legal & Compliance Intern (New York) – Summer 2027](https://www.jorb.ai/jobs/6a1d8c785934adb8262c10c5.md) at [D. E. Shaw](https://www.jorb.ai/firms/d-e-shaw.md) – New York, posted 2mo ago - [Credit Officer / Fund Finance, Analyst](https://www.jorb.ai/jobs/6a65163f6382f2d94f6f7dd4.md) at [SMBC](https://www.jorb.ai/firms/smbc.md) – New York, posted 9mo ago - [12 Month Internship - Financial Crime](https://www.jorb.ai/jobs/6a245fa2c02725b43c8926e8.md) at [Crédit Agricole](https://www.jorb.ai/firms/cr-dit-agricole.md) – London, posted 2mo ago --- Updated: 2026-08-06 Canonical: https://www.jorb.ai/jobs/6a6d3732346310bd84beb880