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

Walgreens

Internal Auditor

Deerfield, IL · On-site

$63K - $101K/yr

Provides advisory support on governance, risk, and internal control frameworks to promote a strong ... quantitative analysis, or other business fields. * Master's degree or MBA. * Internship experience ...

Milliman

Associate Actuary - ASA Required

Chicago, IL · On-site

$102K - $184K/yr

Risk and capital assessment, including RBC and economical capital frameworks. Implementation of ... in internship roles). Desired: * Strong quantitative background. * Proficiency in Excel, VBA and ...

Milliman

Associate Actuary - ASA Required

Chicago, IL

$102K - $184K/yr

Risk and capital assessment, including RBC and economical capital frameworks. Implementation of ... in internship roles). Desired: * Strong quantitative background. * Proficiency in Excel, VBA and ...

Milliman

Associate Actuary - ASA Required

Chicago, IL · On-site

$102K - $184K/yr

Risk and capital assessment, including RBC and economical capital frameworks. Implementation of ... in internship roles). Desired: * Strong quantitative background. * Proficiency in Excel, VBA and ...

Milliman

Associate Actuary - ASA Required

Chicago, IL

$102K - $184K/yr

Risk and capital assessment, including RBC and economical capital frameworks. Implementation of ... in internship roles). Desired: * Strong quantitative background. * Proficiency in Excel, VBA and ...

Middle River Power, LLC.

Development Analyst

Chicago, IL · On-site

$75K - $85K/yr

MRP is a PE-backed environment that requires operating at pace, calculated risk-taking, and ... Prior internship experience in project finance, private equity, or energy development is preferred.

Middle River Power, LLC.

Development Analyst

Chicago, IL · On-site

$75K - $85K/yr

MRP is a PE-backed environment that requires operating at pace, calculated risk-taking, and ... Prior internship experience in project finance, private equity, or energy development is preferred.

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All JobsInternship Risk Quant JobsInternship Risk Quant Jobs in Chicago, 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 Chicago, IL? The most popular types of Risk Quant jobs in Chicago, IL are:
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Internship Risk Quant jobs near you
College Graduates - Full-Time - Full-Stack Engineer (2026)

College Graduates - Full-Time - Full-Stack Engineer (2026)

Old Mission Capital

Chicago, IL

$125K - $145K/yr

Other

Medical, Dental, Vision, Life, Retirement

Posted 21 days ago

Job description

College Graduates - Full-Time - Full-Stack Engineer (2026)

Chicago, IL, United States

Old Mission is a global proprietary trading firm that leverages state-of-the-art technology and research to identify and execute profitable trading strategies across multiple asset classes around the world. Our offices in Chicago, New York, and London are all composed of naturally-curious individuals who thrive in a team environment and constantly strive for improvement.

Old Mission does not seek capital from outside investors, allowing us the flexibility to aggressively invest in our team members and keep them engaged in the firm's growth.

About the Position

As a Junior Full-Stack Engineer at Old Mission, you will work alongside experienced engineers to help build performant and scalable frontend systems that power a best-in-class trading experience for our end users. You'll collaborate with traders, quantitative researchers, and senior developers to contribute to new systems and improve existing ones, while learning our standards for safety, reliability, and user experience. This role is for 2026 college graduates to begin in August.

Responsibilities
  • Contribute to the development of intuitive trading interfaces using modern web tools like TypeScript and React
  • Write clean, well-tested code under the guidance of senior engineers
  • Participate in code reviews to learn and uphold coding standards and design philosophy
  • Assist in building internal tools to increase efficiency of data mining, risk management, and more
  • Collaborate closely with teammates to understand user needs and translate them into effective UI solutions
Required Skills
  • An undergraduate or an advanced degree in a quantitative field such as Computer Science, Engineering, or one of the hard sciences
  • Passion for UX and front-end development
  • Internship experience in a front-end focused role coding in TypeScript, JavaScript, or React
  • Minimum 3.0 GPA
  • Understanding of systems programming, data structures, and algorithms
  • Familiarity working in a Linux environment
  • Strong analytical and problem solving skills
  • Great communication skills, both written and verbal
  • A strong work ethic and ability to adapt quickly in a fast-paced environment
Benefits and Perks
  • Competitive salary with discretionary annual bonus
  • Fully paid Medical, Dental, Vision, Disability, and Life Insurance
  • Fully stocked kitchen; free breakfast and lunch every day on-site
  • Tuition Reimbursement Program
  • 401(k) with employer match
  • Flexible Spending Plan
  • Commuter Benefit Program

In accordance with Chicago's Pay Transparency Law, the anticipated base salary range for this role is $125,000 to $145,000. Base salary does not include other forms of compensation or benefits offered to employees.

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