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Internship Risk Quant Jobs in Philadelphia, PA (NOW HIRING)

PMHCC Inc.

Data & Evaluation Associate

Philadelphia, PA · On-site

$75K - $85K/yr

... risk of abuse, neglect, and delinquency The Division of Performance Management and Technology ... Supervise interns and other junior staff responsible for supporting key performance management and ...

All JobsInternship Risk Quant JobsInternship Risk Quant Jobs in Philadelphia, PA

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.
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Internship Risk Quant jobs near you
Operations Internship: Summer 2027

Operations Internship: Summer 2027

Susquehanna International Group, LLP

Philadelphia, PA • On-site

$15.50 - $20.25/hr

Per diem

Posted 6 days ago

Job description

Overview
Susquehanna participates in millions of trades on exchanges around the world every day. Our operations team manages the infrastructure that allows these trades to move forward with speed and accuracy. How do we aggregate and analyze trading data to help make better future decisions? How do we ensure that we correct any trade breaks that would expose the firm to financial risk? How do we constantly improve the efficiency with which we complete the lifecycle of a trade? This is where our Operations team comes in.
As an Operations intern, you will be working closely with the trading desks and other teams that support our trading businesses. Throughout the ten-week internship, you will work on a variety of analytical projects that impact multiple areas of the business and introduce you to current challenges facing our industry. Past projects include trading and profit + loss analytics, automation of operational processes, and research of new business opportunities.
Are you interested in our Summer 2027 Operations Internship? Apply here, and we will reach out in August when recruiting begins.
What we're looking for
  • We look for people from a variety of backgrounds who have strong problem-solving skills and the ability to thrive in a fast paced and dynamic environment. Some of our Operations Interns come in with a passion for the financial markets, some come in with programming knowledge. All come in with a curiosity and desire to grow and have an impact on Susquehanna's business.
  • Students pursuing a degree in Finance, Math, Computer Science or a related major with intention to graduate with a bachelor's or master's degree within one year of the internship program
  • Candidates with an advanced knowledge of Excel, as well as experience with Python, HTML, VBA or SQL preferred
  • Ability to collaborate with a team while having the confidence to work independently
  • Candidates with an entrepreneurial spirit who are flexible and have a commitment to innovation
  • Desire to work in a fast paced, dynamic environment
  • Excellent verbal and written communication skills
  • Visa sponsorship for work authorization is not available for this position now or in the future

What's In It For You
  • Our non-hierarchical culture allows employees of every level to thrive and make impact. We are not your typical trading firm - the environment is casual, collaborative and we focus on continuous development.
  • In addition to providing hands-on experience through daily tasks and project work, the program will introduce you to Susquehanna's formal education program through classroom training sessions focused on developing company specific knowledge and technical skills to facilitate process optimization. Topics may include options theory, game theory, decision science, programming (VBA, SQL, Python) and overviews of our trading desks and other areas of our business.
  • Housing provided for duration of internship
  • Relaxed dress code: jeans and sneakers are the norm, shorts all summer long
  • Fully stocked kitchens for breakfast, lunch, snacks, and beverages
  • A forty thousand square-foot state of the art fitness facility with brand-new equipment, multi-purpose courts, group exercise classes, and locker room spaces
  • Discounts for dining, entertainment, shopping, travel, and attractions
  • Social events including a poker tournament, dinners, and sporting events in Philadelphia
  • On-site Wellness Center
  • On-site services such as a mailroom, barber, dry cleaning, and car maintenance
  • Opportunities to give back to the community through Susquehanna sponsored events and donation drive

About Susquehanna
Susquehanna is a global quantitative trading firm powered by scientific rigor, curiosity, and innovation. Our culture is intellectually driven and highly collaborative, bringing together researchers, engineers, and traders to design and deploy impactful strategies in our systematic trading environment. To meet the unique challenges of global markets, Susquehanna applies machine learning and advanced quantitative research to vast datasets in order to uncover actionable insights and build effective strategies. By uniting deep market expertise with cutting-edge technology, we excel in solving complex problems and pushing boundaries together.
If you're a recruiting agency and want to partner with us, please reach out to recruiting@sig.com. Any resume or referral submitted in the absence of a signed agreement will not be eligible for an agency fee.

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