Quantitative Market Risk Analyst Intern

Job Description

Building trusted markets — powered by our people.

At Cboe Global Markets, we inspire our people to solve complex challenges together because what we do matters. We provide the financial infrastructure that powers the global economy. As a leading provider of market infrastructure and tradable products, Cboe delivers cutting-edge trading, clearing and investment solutions to market participants around the world.

Cboe interns work with a variety of staff across multiple departments and have the opportunity to put their skills to work in their field of interest, while learning about Exchange technology and operations through our robust Options Institute courses.

The three main foundational pillars of our internship program are: develop, educate and network. We want to ensure each of our interns receive a real-world working experience that encourages academic, professional and personal growth.

Candidates should be versatile, eager and able to work in a fast-paced, time-sensitive financial and technical environment. Our interns will have the flexibility of working 2 days remotely, and 3 days in office per week at one of our state-of-the-art offices in Chicago, Kansas City, and New York City. To be eligible for this internship, applicants must be enrolled in a university or college program and should not be scheduled to graduate before December of the year in which the internship takes place. Our internship program runs from June to August, and you will wrap up your internship with a final presentation and retreat. Visit our student page for more information about our internship program!

The Cboe Clear US Risk Management team is hiring for Quantitative Market Risk Analyst intern:

One of the primary responsibilities of the Cboe Clear US Risk Management team is evaluate market risk related to the products and portfolios that are cleared by Cboe Clear US and charge appropriate risk-based margin on those products and portfolios. The team is also responsible for monitoring and internal reporting of these risks.

The Quantitative Market Risk Analyst Intern at Cboe will assist members of the risk management team improve their risk monitoring and reporting by analyzing historical data, reviewing and improving existing reports and assisting in documentation of automated processes.

Your responsibilities and learning objectives will be:

The Quantitative Market Risk Analyst Intern at Cboe will

• Assist the team with quantitative analysis of historical market data as well as clearing member portfolios and margin requirements to determine scope for improvements to the margin model. This will give interns an opportunity to utilize programing and quantitative skills on real world data and impact how the Clearinghouse calculates margin requirements.
• Create (or improve) reports using tools such a Python, PowerBI or other tools available within the organization. The intern will have opportunities to utilize tools that we widely used for creating reports and will get opportunities to understand how to design impactful analytics and reports.
• Assist in documentation of risk management process and reports which would prepare interns with necessary skills for technical roles in corporate setting.
• Support daily monitoring efforts and document observations when exceptions are noted.
• Have the opportunity to design additional analysis and/or monitoring tools to assist in the clearinghouse’s risk management efforts.

The ideal candidate has:

• Must be currently enrolled in a Master’s program in Financing Mathematics, Financial Engineering, Computer Science, or related field and should not be scheduled to graduate before December of the year in which the internship takes place.
• Proficiency in SQL.
• Proficiency in programming languages such as Python.
• Strong communication skills and analytical skills.Able to work on multiple assignments and prioritize initiatives.

You’ll really stand out with:

• Experience with github for checking in and checking out code, creating pull requests

Benefits and Perks

• Competitive compensation
• Flexible, hybrid work environment, 3 days in office, 2 days remote, per week.
• 2:1 401(k) match, up to 8% match immediately upon hire.

Some of our employees’ favorite benefits and perks include:

• Daily complimentary in-office lunch from local restaurants
• Endless free coffee and snacks to fuel your workday
• Monthly in office networking events and happy hours
• Associate Resource Groups (ARGs) and affinity groups for support and community building

More About Cboe Global Markets

We’re reimagining the future of the workplace by focusing on what matters most, our people. Our journey is an inclusive one. We’re investing deeply in leadership programs and career development initiatives that ensure everyone has an equal chance to succeed. We celebrate the diversity in our communities, inside and out, and welcome new perspectives with equity, inclusion and belonging.

We work with purpose, solving problems with ingenuity, collaboration, and a lot of passion. We’re an engaged and excited team connecting markets across borders and embracing growth in all its forms to achieve incredible outcomes.

Learn more about life at Cboe on our website, LinkedIn, and our student page for more information about our internship program!

Equal Employment Opportunity

We're proud to be an equal opportunity employer - and celebrate our employees’ differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status.

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Any communication from Cboe regarding this position will only come from a Cboe recruiter who has a @cboe.com email or via LinkedIn Recruiter. Cboe does not use any other third party communication tools for recruiting purposes.