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Quantitative Risk Intern Jobs in Illinois (NOW HIRING)

Casual/seasonal & intern team members are not eligible for benefits except for state-mandated ... Works with clients, Credit Officers Risk and Financial Officers to discuss loan packages and ...

At Jump, research outcomes drive more than superior risk adjusted returns. We design, develop, and ... quantitative research. The ideal candidate would be a hands-on individual, highly skilled in the ...

At Jump, research outcomes drive more than superior risk adjusted returns. We design, develop, and ... quantitative research. The ideal candidate would be a hands-on individual, highly skilled in the ...

HPC Production Engineer

Chicago, IL · On-site

$150K - $200K/yr

At Jump, research outcomes drive more than superior risk adjusted returns. We design, develop, and ... quantitative research. The ideal candidate would be a hands-on individual, highly skilled in the ...

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Quantitative Risk Intern information

What are the key skills and qualifications needed to thrive as a Quantitative Risk Intern, and why are they important?

To thrive as a Quantitative Risk Intern, you need strong analytical skills, a solid understanding of statistics and probability, and progress toward a degree in finance, mathematics, or a related field. Familiarity with programming languages like Python or R, experience using statistical software, and knowledge of risk management frameworks are typically expected. Attention to detail, effective communication, and a proactive approach to problem-solving are valuable soft skills in this role. These competencies are crucial for accurately assessing financial risks and supporting data-driven decision-making in a fast-paced environment.

What types of projects or tasks can a Quantitative Risk Intern expect to work on during their internship?

As a Quantitative Risk Intern, you can expect to contribute to projects involving data analysis, financial modeling, and risk assessment for various portfolios or products. Typical tasks include gathering and cleaning large datasets, running statistical analyses, developing or refining risk models under supervision, and preparing reports to communicate findings to senior team members. Interns often collaborate closely with risk analysts, quantitative researchers, and sometimes IT teams, gaining exposure to both technical and business aspects of risk management. This hands-on experience provides valuable insight into industry-standard tools and methodologies, preparing you for a potential full-time role in quantitative finance.

What are Quantitative Risk Interns?

Quantitative Risk Interns are students or recent graduates who assist risk management teams in financial institutions by applying mathematical, statistical, and programming skills to analyze and manage financial risks. They typically work on projects that involve modeling risk exposures, stress testing portfolios, and supporting the development of risk management tools. This role provides hands-on experience with risk assessment processes, financial data analysis, and exposure to industry-standard software and methodologies. Interns also have the opportunity to learn from experienced risk professionals and gain insight into the decision-making processes that help institutions mitigate financial risks.
What are the most commonly searched types of Quantitative Risk jobs in Illinois? The most popular types of Quantitative Risk jobs in Illinois are:
What cities in Illinois are hiring for Quantitative Risk Intern jobs? Cities in Illinois with the most Quantitative Risk Intern job openings:
University Associate, Risk Advisory, Forensics

University Associate, Risk Advisory, Forensics

Ankura

Chicago, IL • On-site

$16.25 - $21.75/hr

Full-time

Posted 6 days ago


Job description

Ankura is a team of excellence founded on innovation and growth.

Practice Overview:

This position supports the Ankura Risk, Forensics & Compliance Business Group - one of six practices focused on client delivery services across the Firm.

Role Overview:

Ankura's Forensics practice provides clients with our expertise in Investigations, Accounting Advisory, Litigation, Arbitration, and Disputes, which includes:

  • Forensic Accounting and Financial Investigations.

  • Accounting, Fraud, and Independent Fact-Finding Investigations.

  • Ponzi Schemes, Whistleblower, Embezzlement, and Kickback Matters.

  • Forensic Accounting and Reconstruction of Books and Records.

  • Purchase Price Disputes.

  • Commercial Litigation.

  • Damages Analysis.

  • Expert Services.

Responsibilities:

An ideal candidate should have an interest in forensic accounting, investigations, litigation consulting, and the other related areas described above. Responsibilities will include applying technical accounting, forensic accounting, and analytical skills to various client situations. As an intern, Ankura will provide you with the opportunity to experience a variety of projects working collaboratively on small, diverse teams with skilled, intelligent, driven, and successful individuals. Ankura is focused on hiring people that will serve as the foundation of a growing firm dedicated to its people and culture while delivering high-quality service to our clients.

Responsibilities will include, but are not limited to, the following:

  • Applying accounting, financial, and analytical skills to various client issues, such as: detailed analysis of transactional data, underlying books and records, and financial statements; tracing of flow of funds; calculations of damages in complex disputes; review of revenue recognition procedures; etc.

  • Assist with designing and implementing analysis, investigation, and project-specific workplans.

  • Developing and performing analyses to assess complex fact patterns and preparing reports and schedules summarizing findings for review by senior colleagues and clients.

  • Documenting and maintaining detailed workpaper records that reflect assumptions, information sources, and methodologies and procedures underlying all analytical tasks.

  • Ensuring delivery of high-quality work product and deliverables within established timeframes and budgets.

  • Performing day-to-day client engagement activities, including interaction with internal Ankura team members and other stakeholders involved in the engagement and developing productive working relationships with colleagues and clients.

  • Contributing to the overall success of the firm by participating in pitches, proposals, internal and external networking events, marketing the firm externally to prospective clients, and corporate social responsibility events.

Requirements:

  • A Bachelor's Degree or Master's Degree in Accounting, Finance, or related field with an expected graduation date between December 2025 and June 2026.

  • Applicants should have an interest to pursue a CPA license or other advanced certifications upon graduation and completion of state requirements.

  • Ability to work well independently, as well as collaboratively with colleagues.

  • Possess strong team-oriented personality characteristics: hard-working, thoughtful, and collaborative, with a positive outlook and confidence.

  • Ability to adapt quickly in handling multiple, evolving tasks and/or engagements, and re-prioritized Possess excellent communication (verbal and written), computer, and organizational skills, plus strong quantitative and qualitative analytical, mathematical, and research skills.

  • deadlines in an always-changing environment.

  • Highly motivated, eager to learn, willing to travel as needed, and able to motivate others.

  • Technical accounting, financial, and economic skills, along with familiarity and knowledge of application of SEC rules, regulations, and disclosures.

  • Understanding of and experience with application and/or research of U.S. Generally Accepted Accounting Principles ("U.S. GAAP") and/or generally accepting auditing standards ("GAAS").

  • Proficient with PC environments and related software, including Microsoft Office applications, specifically advanced skills in Microsoft Excel.

  • Please note that this role requires permanent authorization to work in the U.S. (i.e. U.S. citizen or permanent resident). Internships and full-time University Associate roles are noteligible for U.S. immigration sponsorship, work visa or any other temporary work authorization (i.e. OPT, CPT).

Ankura is required to include a reasonable estimate of the compensation range for this role. This compensation range is specific to the said markets and considers a broad range of factors including but not limited to skill sets, experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. The range does not include additional benefits outside of salary. At Ankura, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each role. A reasonable estimate of the current base pay range is between $50,000 to $120,000; this range is not a promise of a particular wage.

Ankura is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability. Equal Employment Opportunity Posters, if you have a disability and believe you need a reasonable accommodation to search for a job opening, submit an online application, or participate in an interview/assessment, please email accommodations@ankura.com or call toll-free +1.312-583-2122. This email and phone number are created exclusively to assist disabled job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be returned. Messages left for other purposes, such as following up on an application or technical issues unrelated to a disability, will not receive a response.