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The Options Clearing Corporation (OCC) · 1 month ago

Year-Round Intern - Quantitative Risk Management

Chicago - 125 S Franklin

Internship

Onsite

Intern

$25/hr - $25/hr

The Options Clearing Corporation (OCC) is the largest equity derivatives clearing organization in the world, providing central counterparty clearing and settlement services. The intern will help lead projects related to quantitative risk management, assisting in model development and impact analysis, and supporting ongoing projects in the financial services sector.

FinanceFinancial ServicesProperty Management

No H1B

Responsibilities

Will assist in the model specification development and impact analysis

Work with Price Editing and Implied Volatility Surface Parameterization

Work with Clearing Fund and Stress Test (CFST) finding remediation and support multiple items in CFST finding remediation

Will get involved in BAU or / and R&D research projects such as supporting model annual validation, model performance monitoring, and parameter and assumption review

Qualification

Financial mathematicsData analysisRisk management modelsProgramming (Python)EconometricsFinancial products knowledgeOffice technologyCFAFRMProblem-solving

Required

Desired major(s): Financial Mathematics, Financial Engineering, Statistics, Applied Mathematics, Finance, Economics

Desired year in school (graduate school vs. undergrad, rising junior, senior, etc.): PhD or Master students in graduate school

Technical experience desired: Financial mathematics (derivatives pricing models, stochastic calculus, statistics and probability theory, advanced linear algebra)

Econometrics, data analysis and machine learning techniques. Risk management Models

Financial products knowledge: good understanding of markets and financial derivatives

Basic programming skills: able to read and/or write code using a programming language (e.g., Python) in a collaborative software development setting

Problem-solving skills: be able to identify a problem's possible source, conduct study and provide reasoning in estimating severity and impact

Experience in office technology such as PowerPoint, Word, and Excel