Quantitative Risk Management Intern
OCC · Quant
- Location
- Chicago, IL
- Metro
- Chicago
- Workplace
- Hybrid
- Level
- Intern
- Type
- Internship
- Pay
- $25/hr (estimated from posting text)
- Posted
- 1 month ago
- Source
- Simplify internships list
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What the posting covers
Hybrid Work Program
Location: Chicago Internship type: Seasonal intern (12 weeks, summer 2027) Hybrid Work Program: OCC operates under a Hybrid Work Program which, absent an approved exception, requires employees to work from an OCC office at least 3 days per week. To maximize…
About OCC
A World Class Clearing Organization The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement…
About the Intern Program
OCC is looking for interns who are eager to learn, humble enough to ask questions, and ready to think critically about complex problems. The OCC Internship Program equips students with the real-world skills needed to transition successfully into a career in…
About the Team & Role
The Model Performance Monitoring (MPM) team is responsible for the ongoing monitoring, testing, and governance of the firm's risk models, ensuring model performance remains sound, well-documented, and compliant with regulatory expectations. The team's core…
About the Team & Role
Supporting model performance/backtesting exercises using historical portfolio data, under supervision of senior team members Contributing to Python scripting (Pandas) for data processing and automation of monitoring workflows Assisting with exploratory data…
Job Summary & Responsibilities
Perform model performance testing, including portfolio back-testing using historical data. implementation of model monitoring metrics, focusing on requirement coding, and testing quality Write and review documentations for model monitoring metrics, prototypes…
Candidate Qualifications
Rising senior or second-year graduate student, graduating December 2027 or May/August 2028. Desired Majors: • Master’s degree or equivalent in a quantitative field such as data analytics, computer science, mathematics, physics, finance/financial engineering.
Technical Skills/Experience Desired
[Required] Strong programing skills. Able to read and/or write Python code in a collaborative software development setting. [Required] Experience with a source code repository system (preferably Git) [Required] Ability to write and optimize complex analytical…
Additional Qualifications
[Preferred] Exposure to data orchestration tools, such as Airflow [Preferred] Experience with Tableau, Dash and Alteryx [Preferred] Understanding of applied statistics and hands-on experience applying these concepts [Preferred] Strong quantitative skills,…
About Us
The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and…
Compensation
The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC, your final base salary compensation will be determined by factors such as skills, experience and/or education. In addition, we believe in…
Incentive Range
This position is eligible for an annual discretionary incentive compensation award, for which the target range is listed above (see Incentive Range). The amount of such award, if any, will be based on various factors, including without limitation, both…
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