ZipRecruiter

Log In

1

Internship Risk Quant Jobs in Burbank, IL (NOW HIRING)

next page

Showing results 1-20

All JobsRisk Quant JobsInternship Risk Quant JobsInternship Risk Quant Jobs in Burbank, IL

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 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.

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 the most commonly searched types of Risk Quant jobs in Burbank, IL? The most popular types of Risk Quant jobs in Burbank, IL are:
What cities near Burbank, IL are hiring for Internship Risk Quant jobs? Cities near Burbank, IL with the most Internship Risk Quant job openings:
Internship Risk Quant jobs near you

Quant Trading Internship - Summer 2027

CTC Campus - External, Not Advertised

Chicago, IL

$14K/mo

Other

Posted 5 days ago

Job description

The Role  

As a Quant Trading (QT) Intern, you will be challenged to learn and adapt in an exciting team environment and will play a substantial role in our day-to-day trading and quant-related activities. Your impact is immediate and meaningful. You will become a member of a team for the summer and play a vital role completing project work and/or identifying trading opportunities and communicating with software engineers, quants, traders, and risk managers throughout the trading day. As part of the Summer Associate cohort, you will learn and socialize alongside other QT Interns and Software Engineering (SE) Interns.

What to Expect

The 8-week internship program gives you insight into our culture and an inward look into what our business is all about. You will participate in three classroom learning experiences including: a week-long Basics of Options class, a multi-week class on the fundamentals of market making (Mock Trading), and a multi-week class that introduces elements of our quant framework (Quant Curriculum). You will also attend planned social activities and talks from various business leaders to propel your professional growth, and build your network with CTC employees and fellow interns. You will:

  • Work in an impactful role mirroring that of a full-time Quant Trading Associate (QTA)
  • Get hands-on experience with trading and exposure to our trading technology
  • Have weekly one-on-one meetings with your manager to ensure you are progressing and learning throughout the program
  • Receive mentorship from members of our trading and/or quant teams
  • Experience a culture with a strong emphasis on teamwork and collaboration built through various educational and social activities

What it takes for you to be successful  

  • You have a competitive drive and are a highly motivated individual that only gets stronger as part of a collaborative team
  • You have a desire to work in tandem with traders, quants, developers, and other experts to further CTC's goal of providing world class liquidity to financial markets
  • You love solving complex problems
  • You're intellectually curious and like to challenge the status quo
  • You can effectively communicate sophisticated ideas both written and verbally
  • Strong quantitative and analytical abilities
  • Basic programming skills or a willingness to learn Python
  • No prior experience in finance is necessary, but a deep curiosity and hunger to learn about finance and trading is essential

Key Requirements  

  • You are pursuing a Bachelor's or Master's degree. All majors and concentrations welcome.
  • You will graduate between December 2027-June 2028
  • You have a demonstrated record of success (academics, awards, etc.)
  • You are willing to relocate to Chicago, IL for the summer (with full-time placement in Chicago)
  • You can participate in the full duration of the 8-week program from mid-June to early August 2027

Why should you consider interning at CTC?

  • Be part of a fast-growing, industry-leading global trading company
  • Work in an environment that actively explores and applies emerging technologies - including AI - to enhance trading, engineering, and research workflows
  • Opportunity to work with and learn from leaders in our industry
  • Excellent support system to ensure your learning and development
  • Competitive pay, free housing with your fellow interns in downtown Chicago, and free breakfast, lunch, and snacks!

Compensation

Monthly salary of $14,500 plus a signing bonus

Please note: You are allowed to submit one application per position (i.e. SE Intern and QT Intern) during the recruiting cycle. We recommend focusing on applying for the role that aligns most closely with your skills and interests. While you can apply for more than one role, please keep in mind that each application will be assessed according to the specific requirements set for that role.

Apply