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Internship Risk Quant Jobs in Arizona (NOW HIRING)

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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 is an internship risk quant?

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.

What types of projects does an internship risk quant 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 the most commonly searched types of Risk Quant jobs in Arizona?

The most popular types of Risk Quant jobs in Arizona are:

What cities in Arizona are hiring for Internship Risk Quant jobs?

Cities in Arizona with the most Internship Risk Quant job openings:

Risk & Underwriting Summer Internship Program

Cigna

Scottsdale, AZ • On-site

$25/hr

Part-time

Posted 7 days ago


Cigna Healthcare rating

8.4

Company rating: 8.4 out of 10

Based on 238 frontline employees who took The Breakroom Quiz

23rd of 887 rated healthcare providers


Job description

Candidates must have participated in and completed a Cigna Group internship prior to applying for this position.

Accelerate your learning in underwriting this summer by contributing to work that informs real risk and pricing decisions. As an RULDP Explore intern, you will support underwriting teams as they evaluate risk, set strategic terms, and protect financial performance. You will build practical skills, expand your professional network, and gain exposure to leaders who are invested in your growth.

What Your Summer Includes

  • Meaningful work on a live underwriting team, with clear goals and measurable impact.

  • Foundational training in underwriting concepts, risk assessment, pricing, and business strategy.

  • Mentorship, community, and networking opportunities with early-career talent and senior leaders.

  • A speaker series featuring leaders and industry experts to broaden your perspective.

Key Responsibilities:

  • Support underwriting reviews by organizing case information,identifyingmissing data, and summarizing risk considerations.

  • Use Excel to clean, analyze, and visualize data that informs pricing inputs and portfolio insights.

  • Contribute to a live caseload under guidance by tracking milestones, escalating issues, andmaintainingmomentum.

  • Complete an internship project that improves a process, strengthens a decision framework, or enhances customer outcomes.

  • Communicate progress and findings in a concise, professional way, through written updates, team discussions, and a final presentation

We're seeking curious, driven individuals who are eager to learn, grow, and lead, who are excited to apply their academic knowledge in a real-world setting to join our RULDP Explore Summer Cohort.

Required Qualifications:

  • Currently progressing toward a bachelor's degree and has completed 3 years in a preferred major and/or minor: Risk Management, Insurance, Business, Economics, Finance, Management, Mathematics, or Healthcare.

  • Strong analytical aptitude and comfort applying quantitative reasoning to business situations

  • Comfort working with math and numbers

  • Clear written and verbal communication skills, with the ability to explain your approach and results

  • Interest in a future career in underwriting and healthcare

PreferredQualifications:

  • GPA of 3.0 or higher

  • Proficiency in Microsoft Excel and Word

  • A problem-solving focuswith a customer-centric mindset

  • Learning agility and a growth mindset, comfortable seeking feedback and making improvements

Additional Information:

  • Start Date: May 24, 2027

  • Market Range: For this position, we anticipate offering an hourly rate of $25/hr depending on relevant factors, including experience and geographic location.

  • Location: This position is based in one of the following office locations: Bloomfield, CT; Denver, CO; Chattanooga, TN; Franklin, TN; Scottsdale, AZ; or Philadelphia, PA. The role requires a hybrid work schedule, with a minimum of three days per week working onsite (Tuesday, Wednesday, and one additional day of the employee's choice), and the option to work the remaining days remotely. Relocation assistance is not offered, and employees must be able to meet the onsite schedule for their assigned office location.

  • PreEmployment Requirements: Selected candidates will be required to complete mandatory preemployment tasks approximately 45 days prior to the program start date. Completion of the drug test requires availability within the United States during this timeframe.

  • Work Authorization:This position is open only to individuals who are eligible for employment in the United States and who would not require visa support including H-1B or CPT/OPT/STEM, etc., now or in the future.

  • Timeline: The application window closes mid-October, or once all roles are filled. The recruitment process includes a recruiter phone screen and up to three interview rounds. All interviews will take place virtually over Webex video.


If you will be working at home occasionally or permanently, the internet connection must be obtained through a cable broadband or fiber optic internet service provider with speeds of at least 10Mbps download/5Mbps upload.

About Cigna Healthcare

Cigna Healthcare, a division of The Cigna Group, is an advocate for better health through every stage of life. We guide our customers through the health care system, empowering them with the information and insight they need to make the best choices for improving their health and vitality. Join us in driving growth and improving lives.

Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws.

If you need a reasonable accommodation to complete the online application process, please email seeyourself@thecignagroup.com for assistance. Please note that this email inbox is dedicated to accommodation requests only and cannot provide application updates or accept resumes.

The Cigna Group has a tobacco-free policy and reserves the right not to hire tobacco/nicotine users in states where that is legally permissible. Candidates in such states who use tobacco/nicotine will not be considered for employment unless they enter a qualifying smoking cessation program prior to the start of their employment. These states include: Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Maryland, Massachusetts, Michigan, Nebraska, Ohio, Pennsylvania, Texas, Utah, Vermont, and Washington State.

Qualified applicants with criminal histories will be considered for employment in a manner consistent with all federal, state and local ordinances.


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About Cigna

Sourced by ZipRecruiter

Cigna Corporation exists to improve lives. We are a global health service company dedicated to improving the health, well-being and peace of mind of those we serve. Together, with colleagues around the world, we aspire to transform health services, making them more affordable and accessible to millions. Through our unmatched expertise, bold action, fresh ideas and an unwavering commitment to patient-centered care, we are a force of health services innovation. When you work with us, or one of our subsidiaries, you'll enjoy meaningful career experiences that enrich people's lives.

Industry

Health care and social assistance

Company size

10,000+ Employees

Headquarters location

Bloomfield, CT, US

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