Quant Risk Management Intern - Year Round

Position CME Group is looking for a Quantitative Year-Found Intern in our New York office to assist our quantitative risk research on day-to-day activities supporting CME Securities Clearing business. 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 proven theories in the field. Deploy, test, and continuously improve models within the production infrastructure. Enhance existing risk models and design prototypes for new models across different asset classes such as OTC and Futures (Pricing, VaR, Backtest, Stress, Liquidity, etc.). Required Qualifications Master or PhD in Statistics, Mathematics, Physics, Operations Research, Financial Math or Engineering. Experience with programming languages such as Python, C++, R, VBA, and SQL. 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 or PhD. Sponsorship Qualifications Only candidates legally authorized to work in the United States without sponsorship assistance (CPT, H1B, F1, L etc.) will be considered. Benefits The pay range for interns is $23.84–$39.71 per hour, depending on experience and location. Interns participate in our comprehensive health coverage and mental health benefit programs. Equal‑Opportunity Employer CME Group is an equal‑opportunity employer, providing employment opportunities without regard to any protected characteristic. #J-18808-Ljbffr