1

Quantitative Risk Analyst Intern Jobs in Illinois

As a Quantitative Intern at Optiver, you'll work alongside traders, researchers, and engineers to ... Analyze complex datasets, investigate market behavior, and uncover insights that inform decision ...

Quantitative Trading Analyst

Chicago, IL · On-site

$100K - $150K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Maximize market making revenues through the management of settings and processes that affect our risk accumulations. * Conduct ad-hoc quantitative analyses within the domains of settings optimization ...

Quantitative Research Intern

Chicago, IL · On-site

$250K - $300K/yr

Conduct statistical analysis of market data, historical trends, and relationships across multiple ... own risk. Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we ...

Quantitative Trading Analyst

Chicago, IL · On-site

$100K - $150K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Maximize market making revenues through the management of settings and processes that affect our risk accumulations. * Conduct ad-hoc quantitative analyses within the domains of settings optimization ...

Quantitative Trading Analyst

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Maximize market making revenues through the management of settings and processes that affect our risk accumulations. * Conduct ad-hoc quantitative analyses within the domains of settings optimization ...

Sr. Quantitative Finance Analyst

Chicago, IL · On-site

$88K - $109K/yr

  • PTO

Performs end-to-end market risk stress testing including scenario design, scenario implementation ... Incumbents possess excellent quantitative/analytic skills and are able to influence strategic ...

As a Quantitative Research Intern, you will work side-by-side with our Research Team of ... Leveraging big data technologies to analyze high-frequency trading strategies, market ...

Showing results 41-60

Quantitative Risk Analyst Intern information

What are the key skills and qualifications needed to thrive as a quantitative risk analyst intern, and why are they important?

To thrive as a Quantitative Risk Analyst Intern, you need a solid background in mathematics, statistics, and finance, often supported by progress toward a relevant degree such as finance, economics, or applied mathematics. Familiarity with programming languages like Python or R, statistical analysis tools, and risk management platforms such as SAS or MATLAB is typically expected. Strong analytical thinking, attention to detail, and effective communication skills help interns interpret complex data and present findings clearly. These skills are crucial for accurately assessing risks, supporting data-driven decision-making, and contributing to effective risk management strategies.

What does a quantitative risk analyst intern do?

A Quantitative Risk Analyst Intern supports the risk management team by analyzing financial data, building statistical models, and assessing potential risks that could impact an organization. They use mathematical and statistical techniques to identify, measure, and monitor risks associated with investments, market movements, or operational activities. Interns often help with data collection, programming (using tools like Python, R, or Excel), and preparing reports for senior analysts. This role provides valuable hands-on experience in applying quantitative methods to real-world financial risk scenarios.

What is the difference between Quantitative Risk Analyst Intern vs Quantitative Risk Analyst?

AspectQuantitative Risk Analyst InternQuantitative Risk Analyst
Required credentialsTypically pursuing or recent graduate with a degree in finance, economics, or related fieldBachelor's or master's degree in a relevant field, often with some professional experience
Work environmentInternship setting, often part-time or summer program within financial institutionsFull-time role within banks, investment firms, or insurance companies
Employer and industry usageUsed in internship programs across finance and risk management firmsStandard position in risk management departments of financial services

The main difference between a Quantitative Risk Analyst Intern and a Quantitative Risk Analyst is experience level and responsibility. Interns are typically students gaining exposure, while analysts are full-time professionals responsible for assessing and managing risk strategies.

What types of projects and responsibilities can a quantitative risk analyst intern expect during their internship?

As a Quantitative Risk Analyst Intern, you can expect to work on projects involving data analysis, risk modeling, and validation of existing financial models. You may assist in stress testing portfolios, researching risk factors, and automating data processes under the guidance of senior analysts. Interns typically collaborate closely with risk management, trading, and IT teams, gaining hands-on experience with industry-standard tools and methodologies. This role offers an excellent opportunity to develop technical skills and an understanding of how risk is measured and managed in financial institutions.
What are the most commonly searched types of Quantitative Risk Analyst jobs in Illinois? The most popular types of Quantitative Risk Analyst jobs in Illinois are:
What are popular job titles related to Quantitative Risk Analyst Intern jobs in Illinois? For Quantitative Risk Analyst Intern jobs in Illinois, the most frequently searched job titles are:
What cities in Illinois are hiring for Quantitative Risk Analyst Intern jobs? Cities in Illinois with the most Quantitative Risk Analyst Intern job openings:
Infographic showing various Quantitative Risk Analyst Intern job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 10% Part Time, and 2% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution.

Quantitative Trader Intern

TransMarket Group

Chicago, IL • On-site

Full-time, Internship

Re-posted 11 days ago


Job description

Who We Are
Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm in Chicago. We use next-generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to bless others through the services we provide and through the generous stewardship of the wealth we create.
TMG is a well-established and profitable business as a respected member of the global financial system for over 40 years, but also is like a startup because the potential of our group is at least one order of magnitude greater than what we are currently producing. We have an entrepreneurial culture and collaboratively develop our business with patience and discipline; we work hard, learn constantly, and relentlessly improve our expertise.
Description
Our Quantitative Traders are passionate about improving the global economy by facilitating risk transfer and restoring order to prices. As an intern, you will partner with Junior and Senior Traders to learn, assist and interact first hand in all facets of trading. The ideal candidate is intellectually curious, competitively driven, and has a disciplined appetite for risk.
Responsibilities
  • Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
  • Build and maintain quantitative model tools and analytics
  • Actively learn and analyze real-time trades
  • Engage in formal internship classroom-style education programs and research projects

Requirements
  • Pursuing a Bachelor's, Master's, or Doctorate degree in a technical or industry related field such as but not limited to mathematics, statistics or financial engineering with a graduation date between December 2027 and Spring 2028
  • Proficiency in Python programming required (1-2 years of experience)
  • Required math coursework: Differential Equations, Linear Algebra, Multivariable Calculus, Probability and Advanced Statistics
  • Minimum major GPA of 3.5/4 or equivalent scale
  • Demonstrated passion for markets, finance, and trading such as but not limited to personal trading, participation in trading competitions, attendance at firm discover days, industry related student groups or clubs and/or prior internship experience preferred
  • This position requires physical presence and is onsite at our office in Chicago, IL

View our resources to help prepare for the interview process.
Benefits
We offer one of the most generous profit sharing programs in the industry because we believe our employees should be able to take part in our rapid growth and success. We are proud to offer more world-class benefits for our full-time employees and their families.
TransMarket Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, gender, sexual orientation, gender identity or expression, religion, national origin, marital status, age, disability, veteran status, genetic information, or any other protected status.