Quant Model Verification Intern- Clearing Risk

1 week ago


Chicago, United States CME Group Full time
Description
CME Group is currently looking for a Clearing House Risk Quant Model Verification Summer 2024 Intern.

This candidate will assist in reviewing and testing 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 within IRS, OTC FX, F&O. The candidate will design and develop tools for Market Risk Analytics as well as QA tools.

Principal Accountabilities:
  • Ensure deployment, testing and continuous improvement of these models within the production infrastructure of CME.
  • Build a project or tool from the ground up including designing, data sourcing, work breakdown structures, coding, documenting and packaging the tools.
  • Collaborate with multiple Internal/External teams to help test different Library builds and sign off as needed.

Skills / Software Requirements:

  • Proficiency in programming languages such as C++/C#, R, VBA and SQL is essential.
  • Good quantitative, analytical and problem-solving skills along with trouble shooting skills are a must.
  • Experience in pricing complex derivatives and performing advanced statistical analysis on underlying risk factors.

Education:
  • Masters Degree: Math Finance, Applied Mathematics, or Financial Engineering, Software Engineering.

Other Requirements:
  • Onsite - able to come into the Chicago office.
  • Able to work 40 hours per week.

Location: Chicago Office

CME Group: Where Futures Are Made

CME Group (www.cmegroup.com) 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 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' diverse experiences, cultures and skills, and work to ensure that everyone's perspectives are acknowledged and valued. As an equal opportunity employer, we recognize the importance of a diverse and inclusive workplace and consider all potential employees without regard to any protected characteristic.
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