Research and Product Development PhD Student Intern (Part-Time, 12-Month Program) jobs in United States
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CME Group · 2 weeks ago

Research and Product Development PhD Student Intern (Part-Time, 12-Month Program)

positionNew York, NY
timeInternship
remoteOnsite
seniorityIntern
money$23.17/hr - $38.65/hr

CME Group is the world’s leading derivatives marketplace, focusing on data and analytics. The internship offers PhD candidates a unique opportunity to work on financial mathematical models and AI-driven analytics, contributing to CME's modernization efforts and data analytics buildout.

FinanceFinancial ServicesMarketplaceStock Exchanges
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Comp. & Benefits
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H1B Sponsor Likelynote

Responsibilities

Review and where appropriate suggest improvements to analytical models using modern numerical and statistical methods
Document and validate models in alignment with governance and regulatory standards
Work with technology to prepare models for deployment using GCP infrastructure
Help to document and at times direct conversion of legacy codebases into robust, maintainable analytics libraries
Ensure mathematical transparency, reproducibility, and version control
Collaborate with Product, Clearing, Data Science, Index, and Engineering teams
Conduct quantitative research across CME’s datasets
Build analytical pipelines using Python + GCP tooling
Develop visualizations and explainers for internal and client use
Support monthly and quarterly research themes
Present written and verbal findings to senior leadership
Help shape best practices for model governance, testing, and production readiness

Qualification

Financial mathematicsPythonMachine learningGCPQuantitative researchAnalytical disciplineAttention to detailCommunication skillsSelf-starter

Required

PhD candidate in mathematics, statistics, physics, engineering, computer science, quantitative finance, econometrics, or a related field
Strong foundation in financial mathematics (stochastic calculus, derivatives modeling, numerical methods, or equivalent)
Proficiency in Python and scientific computing libraries
Ability to communicate complex concepts clearly in writing
Strong analytical discipline and attention to detail
Self-starter comfortable working across multiple business lines

Preferred

Experience with GCP: BigQuery, Vertex AI, Dataflow, C++
Experience with ML, embeddings, or agent-based systems
Background in market microstructure, derivatives, or high-frequency data
Prior publications, technical reports, or model documentation

Benefits

Comprehensive health coverage
Mental health benefit

Company

CME Group

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CME Group is a diverse derivatives marketplace that manages risk and capture opportunities.
dateFounded in 1848
location
Chicago, Illinois, USA
people-size1001-5000 employees
web-link
http://www.cmegroup.com

H1B Sponsorship

CME Group has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (2)
2024 (1)
2023 (1)
2022 (3)
2021 (2)
2020 (9)

Funding

Current Stage
Public Company
Total Funding
$1B
Key Investors
Google
2021-11-04Post Ipo Equity· $1B
2002-12-06IPO

Leadership Team

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Lynne Fitzpatrick
President and CFO
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Julie Holzrichter
Chief Operating Officer
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Company data provided by crunchbase