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Internship Risk Quant Jobs (NOW HIRING)

Initio Capital

Quantitative Risk Analyst

New York, NY · On-site

$145K - $185K/yr

Job Summary Quantitative Risk Analyst Initio Capital Part-time, Full-time, Contract, Temporary, Internship, Casual Hybrid | New York, NY, United States Quantitative Risk Analyst - Initio Capital ...

Initio Capital

Quantitative Analyst (Quant)

New York, NY · Remote

$145K - $185K/yr

... Internship, Casual Remote | New York, NY, United States Quantitative Analyst (Quant) - Initio ... Risk Management: Collaborate with the risk management team to quantify and assess risk in the ...

London Stock Exchange Group

Quant Analyst

Manhattan, NY

$89.90K - $149.90K/yr

... internship/apprenticeship work experience in quantitative development or financial engineering roles. * Proven track record in developing complex pricing and risk models for OTC derivatives

London Stock Exchange Group

Quant Analyst

New York, NY · On-site

$89.90K - $149.90K/yr

... internship/apprenticeship work experience in quantitative development or financial engineering roles. * Proven track record in developing complex pricing and risk models for OTC derivatives

Inizio Partners

Credit Risk Analyst

Chicago, IL

... related quantitative field, equivalent internship, or research experience. * In lieu of a degree ... risk coverage function at a large financial institution. * Knowledge and use of statistical ...

AQR

2027 Risk Summer Analyst

Greenwich, CT · On-site

The Internship Program Our 10-week summer program puts real work of the firm in your hands. You ... Provide quantitative support to risk managers, including monitoring of investment risk and market ...

AQR

2027 Risk Summer Analyst

Greenwich, CT

The Internship Program Our 10-week summer program puts real work of the firm in your hands. You ... Provide quantitative support to risk managers, including monitoring of investment risk and market ...

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Internship Risk Quant information

What are the key skills and qualifications needed to thrive as an Internship Risk Quant, and why are they important?

To thrive as an Internship Risk Quant, you typically need strong quantitative skills, a solid background in mathematics, statistics, or finance, and progress towards a relevant degree such as in quantitative finance or a related field. Familiarity with programming languages like Python, R, or MATLAB, as well as experience with risk management systems and financial modeling tools, is highly valued. Attention to detail, analytical thinking, and effective communication skills help interns collaborate and present complex findings clearly. These capabilities are critical for analyzing risk data accurately and supporting decision-making in dynamic finance environments.

What types of projects do Risk Quant interns typically work on, and how do these projects contribute to the overall risk management strategy of the firm?

Risk Quant interns often work on projects involving data analysis, model validation, and the development of risk assessment tools under the guidance of senior quants. These projects may include tasks such as back-testing risk models, analyzing large datasets to identify potential risk exposures, and automating reporting processes. By contributing to these initiatives, interns help improve the firm's ability to measure and manage financial risks, gaining practical experience with real-world quantitative finance tools and methodologies. Collaboration with teams like trading, risk management, and IT is common, offering interns broad exposure to how quantitative analysis supports strategic decision-making in the organization.

What are Internship Risk Quants?

Internship Risk Quants are students or recent graduates who take on temporary roles within financial institutions to assist with quantitative analysis related to risk management. Their main responsibilities include analyzing financial data, developing risk models, and helping identify potential risks for the company. These internships provide hands-on experience with statistical tools, programming, and risk assessment in real-world finance environments. The goal is to prepare interns for full-time quantitative risk analyst roles after graduation.

What is the difference between Internship Risk Quant vs Risk Analyst?

AspectInternship Risk QuantRisk Analyst
Required CredentialsTypically pursuing or recent graduate, some quantitative courseworkBachelor's or master's in finance, economics, or related field; certifications like FRM or CFA often preferred
Work EnvironmentInternship setting, often in financial institutions or asset management firmsFull-time role in banks, hedge funds, or investment firms
Industry UsageCommonly used for entry-level or internship positions in risk managementEstablished role for ongoing risk assessment and management

The main difference is that an Internship Risk Quant is an entry-level, temporary position aimed at gaining experience, while a Risk Analyst is a full-time professional role responsible for ongoing risk evaluation within financial organizations.

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Internship Risk Quant jobs near you
Infographic showing various Internship Risk Quant job openings in the United States as of May 2026, with employment types broken down into 47% Full Time, and 53% Part Time. Highlights an 3% Physical, and 97% Remote job distribution.
Quant Risk Management Intern - Year Round

Quant Risk Management Intern - Year Round

CME Group

Manhattan, NY

$23.84 - $39.71/hr

Other

Medical

Posted 12 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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