Quant Risk Intern

As a Quantitative Risk Intern at CME Group, you will be part of a team responsible for developing Risk/Pricing Models to evaluate counterparty exposures to the Clearing House. Your role will involve working on models related to Pricing, Value-at-Risk, Stress Testing, Liquidity, and Regulatory Capital. Additionally, you will be developing tools for Portfolio Analytics. You will collaborate with the team to perform back testing and statistical analysis to ensure the adequacy of margin coverage and justify model assumptions. **Principal Accountabilities:** - Conduct empirical studies and provide recommendations on margin levels, modeling issues, and risk-mitigation measures. - Ensure that models are updated with the latest proven theories in the field. - Deploy, test, and continuously improve models within the Production Infrastructure of CME. - Present results to Senior Management and/or Risk Committees. - Enhance existing risk models and design/prototype new models across different asset classes like OTC and Futures (e.g. Pricing, VaR, Backtest, Stress, Liquidity, etc.). **Skills & Software Requirements:** - Experience with programming languages such as C++/C#, R, VBA, and SQL is required. **Education:** - A Bachelor's degree in a technical discipline is required, while a Master's degree is preferred in disciplines like Math Finance, Applied Mathematics, Financial Engineering, or Software Engineering. At CME Group, individuals like you can impact global markets, transform industries, and shape tomorrow. You will be part of a team of experts who inspire you to grow. The company values diversity and inclusivity, ensuring that every employee's unique experiences and skills are acknowledged and valued. CME Group is an equal-opportunity employer, considering all potential employees without regard to any protected characteristic. Please be aware of recruitment fraud, as scammers may use misleading promises of job offers to solicit money and personal information from job seekers. CME Group follows established procedures to maintain trust, confidence, and security throughout the recruitment process.,