Quantitative Developer Intern

1 week ago

Chicago, United States Milliman Ireland Full time

The Chicago office of Milliman Inc. is looking for bright, enthusiastic and qualified candidates to work in their Financial Risk Management (FRM) practice.

Milliman’s rigorous, distinctly innovative approach to risk management is built on a foundation of actuarial expertise and shaped by some of the most advanced thinking in the industry. Whether you're looking to improve capital efficiency, comply with regulatory requirements, or guard against market volatility, Milliman offers a complete range of operational, strategic, and financial risk management solutions and tools.

We have a focused, multi-disciplinary team of actuaries, financial engineers/capital markets professionals and software developers working together to develop risk management solutions for the financial services industry. We currently advise some of the world's largest insurance companies in areas such as hedging strategy and operations, portfolio risk management, and capital requirements.

We hire the best in the business—and then trust them to do their work their way. It's about personal responsibility, creativity, flexibility. We believe great work happens in great work environments.

Our culture is highly collaborative with value placed on high quality work and innovation.

The Department/Team

The Quantitative Development group, within Milliman’s Financial Risk Management Practice, focuses on capital markets modeling, market-consistent valuation of assets and liabilities, quantitative risk analytics, and simulation analysis of risk management strategies. Systems developed by this group support trading functions within active hedge programs and also serve as calculation engines for stochastic-on-stochastic financial projections of hedge strategy performance.

Your Role/What You’ll Do

The candidate would potentially be involved in the following types of projects:

  • Designing models of exotic derivatives appropriate for pricing exercises, setting hedge positions, and projecting hedge strategy performance
  • Implementing derivative models as VBA, C++, and C# modules
  • Developing both risk neutral and real-world economic scenarios used for hedge strategy testing purposes
  • Calibration of capital markets models to market prices and historical capital markets data
  • Developing trading strategies and performing historical regression tests
Your Qualifications

The ideal candidate will have:

  • Begun and made successful progress toward an advanced quantitative academic degree, preferably in math, physics, or quantitative finance
  • Achieved or made successful progress toward CFA and/or FRM designations
  • Experience carrying out quantitative financial analysis, preferably based on portfolio and option valuation theories
  • Experience with stochastic modeling exercises including use of Monte Carlo techniques
  • Demonstrated proficiency in computer programming languages including C++, Matlab, and Excel VBA, and has an appreciation of object-oriented software design

Additionally desired qualifications include:

  • Demonstrated strong communication skills, capacity for leadership, and creative problem solving
  • The ability to work independently and in a team environment
  • A results-oriented work ethic

Candidates hired into this role will be required to work in-person in the Milliman office in Chicago, IL on a weekly basis, but flexible work arrangements will be considered.

Benefits
  • When an intern, temporary, or seasonal employee reaches 1,000 hours worked within 12 consecutive months, they become eligible for a 401(k) plan with matching program and profit-sharing contribution
  • Employee Assistance Program (EAP)
  • Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason. Interns, Temporary, and Seasonal Employees will earn PTO each pay period, with an accrual rate of 1 hour for every 30 hours worked
  • Commuter Program, which allows you to use pre-tax dollars to pay for your parking or public transit expenses to get to and from work. You may utilize this benefit any time throughout the year and funds will be available the first of the month following your first contribution

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

#J-18808-Ljbffr

  • Quantitative Developer Intern

    1 week ago

    Chicago, United States Milliman, Inc Full time

    The Chicago office of Milliman Inc. is looking for bright, enthusiastic and qualified candidates to work in their Financial Risk Management (FRM) practice.Milliman's rigorous, distinctly innovative approach to risk management is built on a foundation of actuarial expertise and shaped by some of the most advanced thinking in the industry. Whether you're...

  • Quantitative Developer

    2 weeks ago

    chicago, United States Selby Jennings Full time

    Job Title: Quantitative Developer (Middle Office)Location: ChicagoJob Type: Full-timeWe are seeking a Quantitative Developer to join our Risk Analytics team at a high-frequency trading firm. This role will focus on developing analytics and applications that help measure and manage market risk across various asset classes. As a Quantitative Developer,...

  • Quantitative Developer

    2 weeks ago

    Chicago, United States Selby Jennings Full time

    Job Title: Quantitative Developer (Middle Office)Location: ChicagoJob Type: Full-timeWe are seeking a Quantitative Developer to join our Risk Analytics team at a high-frequency trading firm. This role will focus on developing analytics and applications that help measure and manage market risk across various asset classes. As a Quantitative Developer,...

  • Quantitative Developer

    1 month ago

    chicago, United States C2R Ventures Full time

    Elite Buy-side firm seeking a Quant Developer to partner directly with quantitative researchers to understand their priorities in order to design/implement software to meet their needs. You will have a highly visible role in a group resposible for enhaning the effectiveness of quants by building an efficient research environment that works with a wide...

  • Quantitative Developer

    8 months ago

    Chicago, United States C2R Ventures Full time

    Elite Buy-side firm seeking a Quant Developer to partner directly with quantitative researchers to understand their priorities in order to design/implement software to meet their needs. You will have a highly visible role in a group resposible for enhaning the effectiveness of quants by building an efficient research environment that works with a wide...

  • Quantitative Developer

    2 months ago

    chicago, United States C2R Ventures Full time

    Elite Buy-side firm seeking a Quant Developer to partner directly with quantitative researchers to understand their priorities in order to design/implement software to meet their needs. You will have a highly visible role in a group resposible for enhaning the effectiveness of quants by building an efficient research environment that works with a wide...

  • Quantitative Analyst

    3 weeks ago

    Chicago, Illinois, United States Selby Jennings Full time

    Senior Quantitative Researcher PositionA well-established systematic trading firm seeks an experienced Quantitative Researcher to collaborate with their senior internal teams. The ideal candidate will have the ability to work on projects across their platform with other QRs, Traders, and Developers.Key Responsibilities:Develop new systematic strategies that...

  • Quantitative Researcher – PhD – Intern

    6 months ago

    Chicago, United States Citadel Securities Full time

    Job Description At Citadel Securities, our mission is to be the most successful investment team in the world. Quantitative Researchers play a key role in this mission by developing next-generation models and trading approaches for a range of investment strategies. You’ll get to challenge the impossible in quantitative research by applying...

  • Quantitative Developer

    2 weeks ago

    chicago, United States Algo Capital Group Full time

    Quantitative Developer - OptionsOur client is a market-leading Hedge Fund headquartered in Chicago seeking a Quantitative Developer to join the globally experienced Options Trading Desk. The firms team integrates innovative technology and trading strategies, while utilizing a sophisticated research platform and development environment to realise consistent...

  • Quantitative Developer

    2 weeks ago

    Chicago, United States Algo Capital Group Full time

    Quantitative Developer - OptionsOur client is a market-leading Hedge Fund headquartered in Chicago seeking a Quantitative Developer to join the globally experienced Options Trading Desk. The firms team integrates innovative technology and trading strategies, while utilizing a sophisticated research platform and development environment to realise consistent...

  • Quantitative Research Intern, PhD

    4 months ago

    Chicago, United States Optiver Full time

    As a Quantitative Research Intern, you will work side-by-side with our Research Team of mathematicians, scientists and technologists, to develop and enhance the models that drive Optiver's trading. You will tackle a practical research challenge that has real-world impact and directly influences Optiver's trading decisions. In our business, where the markets...

  • Quantitative Developer

    1 month ago

    chicago, United States Paritas Recruitment Full time

    A globally renowned hedge fund recognized for innovative quantitative strategies and cutting-edge technology are seeking a talented Quantitative developer to join their Central Research Team. You'll play a pivotal role in developing and enhancing the core infrastructure that drives all systematic trading across the firm, contribute to building robust systems...

  • Quantitative Developer

    1 month ago

    chicago, United States Paritas Recruitment Full time

    A globally renowned hedge fund recognized for innovative quantitative strategies and cutting-edge technology are seeking a talented Quantitative developer to join their Central Research Team. You'll play a pivotal role in developing and enhancing the core infrastructure that drives all systematic trading across the firm, contribute to building robust systems...

  • Quantitative Developer

    2 months ago

    Chicago, United States Paritas Recruitment Full time

    A globally renowned hedge fund recognized for innovative quantitative strategies and cutting-edge technology are seeking a talented Quantitative developer to join their Central Research Team. You'll play a pivotal role in developing and enhancing the core infrastructure that drives all systematic trading across the firm, contribute to building robust systems...

  • Quantitative Researcher

    1 month ago

    Chicago, United States Selby Jennings Full time

    A well-established systematic trading firm is looking for an experienced quantitative researcher to join one of their senior internal teams. You will have the ability to collaborate one projects across their platform with other QRs, Traders, and Developers. The strategies they run are primarily mid-frequency but with the launch of new initiatives, they are...

  • Quantitative Researcher

    1 month ago

    chicago, United States Selby Jennings Full time

    A well-established systematic trading firm is looking for an experienced quantitative researcher to join one of their senior internal teams. You will have the ability to collaborate one projects across their platform with other QRs, Traders, and Developers. The strategies they run are primarily mid-frequency but with the launch of new initiatives, they are...

  • Quantitative Researcher

    1 month ago

    Chicago, United States Harrington Starr Full time

    Quantitative ResearcherMy client is an industry leading prop firm, looking to hire Quantitative Researchers into their ever-growing team. The roleThis role is a dynamic one, in which you will manage your own book while building high frequency trading systems, and maintaining the core platform. The firm has international offices, and while flexible, has a...

  • Quantitative Researcher

    1 month ago

    chicago, United States Harrington Starr Full time

    Quantitative ResearcherMy client is an industry leading prop firm, looking to hire Quantitative Researchers into their ever-growing team. The roleThis role is a dynamic one, in which you will manage your own book while building high frequency trading systems, and maintaining the core platform. The firm has international offices, and while flexible, has a...

  • Quantitative Researcher

    1 month ago

    chicago, United States Harrington Starr Full time

    Quantitative ResearcherMy client is an industry leading prop firm, looking to hire Quantitative Researchers into their ever-growing team. The roleThis role is a dynamic one, in which you will manage your own book while building high frequency trading systems, and maintaining the core platform. The firm has international offices, and while flexible, has a...

  • Quantitative Researcher

    2 months ago

    Chicago, United States Algo Capital Group Full time

    Senior Quantitative Researcher - Equities (High-Frequency)A leading trading firm is in search of a seasoned Senior Quantitative Researcher to enhance their Equities team in Chicago. This role will concentrate on high-frequency trading, overseeing the development, implementation, and optimisation of sophisticated trading strategies. You will engage with...