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Quant-Intern

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CME Group

1mo ago

  • Internship
    Full-time
    Placement Program
  • Data
    Banking & Finance
  • Quick Apply

AI generated summary

  • You should pursue a degree in engineering or math, possess programming skills in Python/C#/Java/C++, and have a strong interest in finance. Knowledge of applied math and algorithms is beneficial.
  • You will automate business processes, support risk model tools, prepare regulatory reports, assist in OTC settlements, and learn about CME products while completing tasks with high quality and on time.

Requirements

  • Attend a Bachelor’s in engineering /Bachelor’s in Science (Math’s / Statistics majors only) / Masters/ PhD course in a finance/mathematics related subject.
  • While a background in finance or accounting is not required, you should be comfortable with numerical computation and have a demonstrable interest in working in financial services.
  • At least one programming skills
  • Python, C#, Java, C++ (Essential)
  • Oracle, SQL Server (Desirable)
  • Any knowledge of Applied mathematics / calculus / economic theory / statistics would be helpful.
  • Any background in Financial Engineering would be very useful.
  • Algorithms, Pseudo codes, DB Queries (Joins and Views), Problem-approach.

Responsibilities

  • Create tools/solutions to automate/streamline critical business process or new business needs.
  • Support the Quant Risk Team (QRT) to build research analysis tools for different risk models, with monthly BAU tasks and reporting. This includes for example preparing monthly reports for regulators.
  • Understand the basics of Enterprise Risk management, provide remediation's and compensating controls recommendations.
  • Work for Pricing and Valuation team in OTC Settlements space and ideating for next generation solutions around this.
  • Understand the CME product and service launch workflows. Work on automating various compression tools.
  • During your internship, you can meet a variety of people, allowing you to form relationships, you can build on in the future.
  • Certain Individuals who excel in their field will accompany you as Mentors throughout the course of the internship.
  • The internship will expose you to our culture at CME Group and provide you with a knowledge base to draw upon throughout the remainder of your internship and beyond.
  • Ensure that the assigned tasks are completed on time with impeccable quality.

FAQs

What is the duration of the internship?

The internship is an intensive, hands-on program lasting for 6 months.

Is prior experience in finance or accounting required for this internship?

No, a background in finance or accounting is not required, but applicants should be comfortable with basic numerical computation.

What educational qualifications are required to apply for this internship?

Applicants should be pursuing a Bachelor’s in engineering, a Bachelor’s in Science (Math’s/Statistics majors only), or a Master’s/PhD course in a finance or mathematics related subject.

What programming skills are required for this position?

At least one programming skill is essential, specifically in Python, C#, Java, or C++. Familiarity with Oracle or SQL Server is desirable.

Will interns have the opportunity to work closely with mentors?

Yes, certain individuals who excel in their field will be assigned as mentors to accompany you throughout the course of the internship.

What kind of tasks can interns expect to work on?

Interns can look forward to tasks such as creating tools to automate business processes, supporting the Quant Risk Team with research analysis tools, and working on pricing and valuation solutions.

Does the internship offer opportunities for networking?

Yes, during your internship, you can meet a variety of people, allowing you to form relationships that you can build on in the future.

Are there any specific skills that would be helpful for this internship?

Knowledge of applied mathematics, calculus, economic theory, statistics, financial engineering, algorithms, and database queries would be beneficial.

What is the work environment like at CME Group?

The internship will expose you to our culture at CME Group, providing a collaborative environment where you can work alongside talented professionals in the financial exchange industry.

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CME Group

CME Group is the world’s leading derivatives marketplace

Finance
Industry
1001-5000
Employees
1848
Founded Year

Mission & Purpose

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world’s leading central counterparty clearing provider in the world, which offers clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.