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The Options Clearing Corporation (OCC) · 1 week ago

Year-Round Intern - Quantitative Risk Management

Chicago, IL

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 Year-Round Intern in Quantitative Risk Management will assist with model development and impact analysis, support ongoing model maintenance projects, and collaborate with quantitative analysts and other staff.

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 mathematicsEconometricsData analysisMachine learningPythonRisk management modelsFinancial products knowledgeOffice technologyCFAFRMProblem-solving skills

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