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Derivative Intern Jobs (NOW HIRING)

CME Group

Data Sales Intern - Year Round

Chicago, IL · On-site

$21.68 - $36.10/hr

CME Group is currently looking for a Data Sales Year-Round Intern This candidate will assist the ... Where Futures are Made CME Group is the world's leading derivatives marketplace. But who we are ...

Optiver

Quantitative Research Intern (PhD)

Chicago, IL

$80K - $90K/yr

Building stochastic models to determine the fair value of financial derivatives. * Combining ... Available to intern during Summer 2026 * Open to full-time opportunities upon graduation in 2027 or ...

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How much do derivative intern jobs pay per hour?

As of Jun 4, 2026, the average hourly pay for derivative intern in the United States is $29.64, according to ZipRecruiter salary data. Most workers in this role earn between $15.14 and $37.74 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Derivative Intern, and why are they important?

To thrive as a Derivative Intern, you need a strong foundation in quantitative analysis, finance, and mathematics, often supported by coursework in financial engineering or economics. Familiarity with programming languages like Python or R, financial modeling tools, and trading platforms is highly valuable. Attention to detail, problem-solving skills, and effective communication help you stand out in this analytical and collaborative environment. These skills are crucial for accurately analyzing complex financial instruments and contributing to informed trading and risk management decisions.

What types of projects or tasks can a Derivative Intern expect to work on during their internship?

As a Derivative Intern, you can expect to be involved in a variety of projects, such as assisting with pricing and risk analysis of derivative instruments, supporting the development of financial models, and preparing reports for senior analysts or traders. You may also help monitor market news and trends, gather and analyze data for daily trading activities, and participate in team meetings to discuss strategies. This hands-on experience provides valuable exposure to real trading environments and quantitative finance, making it an excellent learning opportunity for those interested in a finance career.

What are Derivative Interns?

Derivative Interns are students or recent graduates who assist professionals in the derivatives sector of finance, which involves financial instruments like options, futures, and swaps. Their responsibilities typically include analyzing market data, supporting trading activities, conducting research, and helping with risk management tasks. These internships provide valuable hands-on experience in financial markets, quantitative analysis, and the use of complex financial models. The role is ideal for those interested in a career in finance, especially in trading, quantitative research, or risk analysis.

What is the difference between Derivative Intern vs Quantitative Intern?

AspectDerivative InternQuantitative Intern
Required CredentialsTypically a bachelor's degree in finance, mathematics, or related field; some roles prefer coursework in derivatives or financial engineeringSimilar; often requires a degree in mathematics, statistics, or computer science, with quantitative coursework
Work EnvironmentFinancial institutions, trading desks, investment banks focusing on derivatives trading and risk managementQuantitative research teams, hedge funds, or asset management firms focusing on data analysis and model development
Employer & Industry UsageCommon in investment banks, trading firms, and financial services companiesPrevalent in hedge funds, asset managers, and quantitative trading firms

While both roles involve strong analytical skills and financial knowledge, a Derivative Intern primarily focuses on derivatives products and trading strategies, whereas a Quantitative Intern emphasizes data analysis, modeling, and algorithm development. The roles often overlap in skills but differ in specific focus areas within finance.

Infographic showing various Derivative Intern job openings in the United States as of May 2026, with employment types broken down into 98% Full Time, and 2% Part Time. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $61,653 per year, or $29.6 per hour.
Quant Risk Management Intern - Year Round

Quant Risk Management Intern - Year Round

CME Group

Manhattan, NY

$23.84 - $39.71/hr

Other

Medical

Posted 18 days ago

Job description

Quant Risk Management - Internship - Year Round

CME Group is currently looking for a Quant Risk Management year-round intern.

This candidate will assist the Quant FnO team on day-to-day activities in support of development, analysis, and back-testing of models that safeguard our clearing initiatives. As a intern within the Quant FnO team, you will support the Equity Asset Class by ensuring the integrity of our risk models, validating complex datasets, and assisting in the deployment of next-generation clearing risk solutions.

Principal Accountabilities:

  • Model Validation: Conduct rigorous margin and stress testing model validations to ensure systemic stability.
  • Performance Analysis: Execute daily portfolio back-testing and historical data validation for equity-based products.
  • Production Support: Oversee code release testing and ensure the seamless integration of quant libraries into production environments.
  • Research & Implementation: Independently conduct quantitative research to formulate, implement, and document solutions for complex risk problems.

Skills / Software Requirements:

  • Programming: High proficiency in Python and SQL is essential. Experience with C++/C# is strongly preferred.
  • Risk Modeling: Deep understanding of statistical models in risk management, specifically:
  • Historical and Monte Carlo VaR
  • Multi-Factor Risk Models
  • Stressed VaR & Liquidity Risk models
  • Derivatives Knowledge: Solid foundation in financial markets, advanced derivatives modeling, and volatility surfaces.

Minimum Qualifications:

  • Master’s degree or PhD in Financial Mathematics, Financial Engineering, Computer Science, Physics, or a related quantitative field.
  • Available 40 hours a week

Sponsorship Qualifications:

  • Please note that our company is unable to provide employment sponsorship for this position and can only consider candidates who are legally authorized to work in the United States without sponsorship assistance (CPT, H1B, F1, L etc.).

#EarlyCareers

CME Group is committed to offering a competitive pay package for our employee interns. The pay range typically applicable to our intern roles is $23.84--$39.71. 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 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' unique experiences and skills to ensure that everyone’s perspectives are acknowledged and valued. As an equal-opportunity employer, we 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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About CME Group

Sourced by ZipRecruiter

As the world’s leading derivatives marketplace, CME Group is where the world comes to manage risk. We enable clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. We meet uncertainty and volatility with confidence and clarity, across the trading lifecycle and around the world.

Industry

Finance and insurance

Company size

1,001 - 5,000 Employees

Headquarters location

Chicago, IL, US

Year founded

2007

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