Quant Model Verification Intern- Clearing Risk - Year Long 2025 Job at CME Group, Chicago, IL

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  • CME Group
  • Chicago, IL

Job Description

Description:

CME Group is currently looking for a Clearing House Risk Quant Model Verification Year Long Internship.

This candidate will assist in reviewing and testing Risk/Pricing Models that evaluate counterparty exposures to the Clearing House. These include models related to Pricing, Value-at-Risk, Stress Testing, Liquidity, Regulatory Capital within IRS, OTC FX, F&O. The candidate will design and develop tools for Market Risk Analytics as well as QA tools.

Principal Accountabilities:

  • Ensure deployment, testing and continuous improvement of these models within the production infrastructure of CME.
  • Build a project or tool from the ground up including designing, data sourcing, work breakdown structures, coding, documenting and packaging the tools.
  • Collaborate with multiple Internal/External teams to help test different Library builds and sign off as needed.

Skills / Software Requirements:

  • Proficiency in programming languages such as C++/C#, R, VBA and SQL is essential.
  • Good quantitative, analytical and problem-solving skills along with trouble shooting skills are a must.
  • Experience in pricing complex derivatives and performing advanced statistical analysis on underlying risk factors.

Education:

  • Masters/Bachelors Degree: Math Finance, Applied Mathematics, or Financial Engineering, Software Engineering.

Other Requirements:

  • Onsite - able to come into the Chicago office.
  • Able to work 40 hours per week.

Location: Chicago Office

#EarlyCareers

CME Group is committed to offering a competitive pay package for our employee interns. The annualized salary range typically applicable to our intern roles is $43,900-$73,100. Actual pay offered will be dependent on a wide array of factors including but not limited to: relevant experience, skills, education, location of the internship, and the internship area of focus. Through our Benefits program, we offer our employee interns the opportunity to participate in select offerings. This includes our comprehensive health coverage and a mental health benefit.

CME Group: Where Futures are Made

CME Group is the world’s leading and most diverse derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it - all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we’re looking for more.

At CME Group, we embrace our employees' diverse experiences, cultures and skills, and work to ensure that everyone’s perspectives are acknowledged and valued. As an equal opportunity employer, we recognize the importance of a diverse and inclusive workplace and consider all potential employees without regard to any protected characteristic.

Important Notice:

Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process. Learn more here .

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