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Quantitative Risk Analyst Intern Jobs in Chicago, IL

P2P

Quantitative Trading Analyst Intern

Chicago, IL · On-site

$240 - $260/hr

As a Quantitative Trading Analyst Intern , you will gain exposure to the dynamic worlds of trading ... You will work on a small team to combine the disciplines of technology, research and risk ...

DRW

Quantitative Trading Analyst Intern

Chicago, IL · On-site

$250K/yr

As a Quantitative Trading Analyst Intern , you will gain exposure to the dynamic worlds of trading ... You will work on a small team to combine the disciplines of technology, research and risk ...

IMC

Experienced Risk Manager

Chicago, IL

Analyze concentration risk, tail-event scenarios, and other portfolio-level exposures to improve risk visibility and decision-making * Build and enhance quantitative risk tools, reporting, and ...

Ryan Specialty

Catastrophe Risk Analyst

Chicago, IL

$72K - $90K/yr

Quantitative Analysis * Risk Assessment * Project Management * Insurance Knowledge * Experience with AIR/RMS is preferred Behavioral Skills * Effective Communication * Team-oriented mindset

Ryan Specialty

Catastrophe Risk Analyst

Chicago, IL

$72K - $90K/yr

Quantitative Analysis * Risk Assessment * Project Management * Insurance Knowledge * Experience with AIR/RMS is preferred Behavioral Skills * Effective Communication * Team-oriented mindset

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Quantitative Risk Analyst Intern information

See Chicago, IL salary details

$67K

$111.6K

$149.9K

How much do quantitative risk analyst intern jobs pay per year?

As of Aug 25, 2026, the average yearly pay for quantitative risk analyst intern in Chicago, IL is $111,599.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,400.00 and $134,900.00 per year, depending on experience, location, and employer.

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 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 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 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 are popular job titles related to Quantitative Risk Analyst Intern jobs in Chicago, IL?

For Quantitative Risk Analyst Intern jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Quantitative Risk Analyst Intern jobs in Chicago, IL look for?

The top searched job categories for Quantitative Risk Analyst Intern jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Quantitative Risk Analyst Intern jobs?

Cities near Chicago, IL with the most Quantitative Risk Analyst Intern job openings:

Quantitative Risk Analyst Intern jobs near you
Infographic showing various Quantitative Risk Analyst Intern job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 13% Part Time, 2% Contract, and 1% Nights. Highlights an 85% Physical, 5% Hybrid, and 10% Remote job distribution, with an average salary of $111,599 per year, or $53.7 per hour.

Senior Quantitative Risk Analyst

Chicago, IL • On-site

Geneva Trading
See more jobs at Geneva Tradingexternal

$135K - $175K/yr

Full-time

Posted 4 days ago

Job description

Founded in 1999, Geneva Trading is a premier global principal trading firm with strategically located offices in Chicago, Dublin, and London. Our relentless focus on trading excellence combined with technological innovation has equipped us with a best-in-class proprietary trading platform, enabling us to compete at the highest levels in the global markets. Rooted in a culture of integrity, collaboration, and an unwavering passion for progress, we foster an environment of personal and professional excellence. Our nimble organizational structure and entrepreneurial spirit attract top-tier talent with a passion for innovation, laying the foundation and driving our consistent success in the industry.
About the Role:
We are seeking an experienced Senior Quantitative Risk Analyst to join our proprietary trading firm. This uniquely hybrid role balances building robust quantitative risk models with providing critical first-line support for live trading activity, with a strong focus on futures markets. The ideal candidate is a hands-on builder and a calm problem-solver who thrives at the intersection of quantitative development, risk architecture, real-time market dynamics, and applied artificial intelligence.
Key Responsibilities:
  • Quantitative Development: Design, develop, and maintain quantitative risk models, pricing libraries, and margin replication tools for futures markets.
  • AI & Machine Learning Integration: Explore, prototype, and implement AI-driven techniques to enhance predictive risk modeling, anomaly detection, and automated trading surveillance.
  • Live Trading Oversight: Provide real-time, first-line support and monitoring of live trading activity, rapidly identifying and escalating risk exposures, breaches, or system anomalies.
  • Tooling & Architecture: Build, optimize, and scale real-time risk monitoring tools, dashboards, and automated alerting systems.
  • Market Analysis: Interpret complex trading behavior and market movements to assess potential risk implications and continuously refine model parameters.
  • Collaboration & Mentorship: Partner closely with traders, operations, and core engineering teams to align risk systems with trading strategies. Mentor junior team members and guide risk-tech architecture decisions.
  • Incident Response: Lead post-trade reviews, risk incident analysis, and implement systemic fixes to prevent recurring issues.

What We're Looking For:
  • Quantitative & Modeling Expertise: Proven experience building and deploying quantitative risk models (e.g., VaR, stress testing, scenario analysis) within a production environment.
  • AI Experience & Passion: Practical experience with machine learning, data science, or AI modeling techniques, coupled with a strong enthusiasm for expanding your AI expertise and applying it to complex risk challenges.
  • Technical Skills: Advanced proficiency in Python, with a strong grasp of software engineering best practices, data structures, and database management (SQL/NoSQL).
  • Industry Experience: 5+ years of experience in a quantitative development, risk modeling, or trading systems role within a proprietary trading firm, hedge fund, or investment bank.
  • Market Knowledge: Deep, practical understanding of futures markets, exchange mechanics, and trading lifecycles.
  • Calm Under Pressure: Exceptional ability to remain composed, troubleshoot systems, and make sound judgments in a fast-moving, high-stakes live trading environment.
  • Communication: Excellent ability to translate complex quantitative concepts and risk concerns into actionable insights for both technical and non-technical stakeholders.
  • Flexibility: Willingness to provide coverage during Asian market hours, including early mornings or overnight shifts, as dictated by live trading support needs.

Preferred Qualifications:
  • Advanced degree (Master's or Ph.D.) in a quantitative field such as Financial Engineering, Mathematics, Physics, Computer Science, or equivalent.
  • Familiarity with exchange margin methodologies (e.g., SPAN, SPAN 2).
  • Experience working in a 24/5 or global trading infrastructure.

Compensation
Base Salary Range: $135,000 - $175,000, plus eligibility for a performance-based bonus.
Final compensation will be determined based on the candidate's skills, experience, education, and qualifications. In addition to base salary, Geneva Trading offers a competitive total rewards package, including a comprehensive benefits program. Learn more about our employee incentives here: https://www.genevatrading.com/employee-incentives/
Application expected to close: 10/01/2026
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

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