Quantitative Risk Management Intern

CME Group is currently looking for a Quantitative year-found intern in our New York office.

This candidate will assist our quantitative risk research on day-to-day activities in support of CME Securities Clearing business. He will work in a team that develops Risk/Pricing Models that evaluate counterparty exposures to the Clearing House. These include models related to Pricing, Value-at-Risk, Stress Testing, Liquidity, Regulatory Capital, and also developing tools for Portfolio Analytics. The incumbent also works to perform back testing & statistical analysis required to ensure the adequacy of margin coverage & justify other model assumptions.
 

Principal Accountabilities:

• Conduct empirical studies and make recommendations on margin levels, modeling issues, and other risk-mitigation measures. Ensure that the model is up to date with the proven theories in the field.
• Ensure deployment, testing and continuous improvement of these models within the Production Infrastructure of CME.
• Work on a team that enhances existing risk models as well as designs/prototypes new models across different asset classes like OTC and Futures (e.g. Pricing, VaR, Backtest, Stress, Liquidity, etc.).

Required Qualifications:

• A Master or PhD in Statistics, Mathematics, Physics, Operational research, Financial math or Engineering.
• Experience with some programming languages such as Python/C++/R/VBA and SQL is also required.

Desired Qualifications:

• Commitment to the highest ethical standards.
• Knowledge of bond math and CME rate products.
• Proficiency in probability, statistics and optimization.
• Understanding of back-testing frameworks, historical analysis and scenario-based research.
• Hands-on programming experience in Python (numpy, pandas, matplotlib...) or analytical packages (R/Matlab) and data visualization.

Minimum Qualifications:

• Currently pursuing a Master's degree or PhD
• Local to New York

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.).

#EarlyCareers

CME Group is committed to offering a competitive pay package for our employee interns. The pay range typically applicable to our intern roles is $23.84--$39.71. 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 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' unique experiences and skills to ensure that everyone’s perspectives are acknowledged and valued. As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.

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