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Quantitative Risk Intern Jobs in New York (NOW HIRING)

Staff Intern - Market Risk

Newark, NJ · Hybrid

$15.75 - $21/hr

Job Summary PSEG is looking for a Summer 2026 Market Risk Intern - Market & Trading Operations Risk ... Quantitative programming experience (academic experience OK), especially in Python, Matlab, R, or ...

Staff Intern - Market Risk

Newark, NJ · Hybrid

$15.75 - $21/hr

Job Summary PSEG is looking for a Summer 2026 Market Risk Intern - Market & Trading Operations Risk ... Quantitative programming experience (academic experience OK), especially in Python, Matlab, R, or ...

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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 New York? The most popular types of Quantitative Risk jobs in New York are:
What job categories do people searching Quantitative Risk Intern jobs in New York look for? The top searched job categories for Quantitative Risk Intern jobs in New York are:
What cities in New York are hiring for Quantitative Risk Intern jobs? Cities in New York with the most Quantitative Risk Intern job openings:
Staff Intern - Market Risk

Staff Intern - Market Risk

PSEG

Newark, NJ • Hybrid

$15.75 - $21/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 6 days ago


PSEG rating

8.9

Company rating: 8.9 out of 10

Based on 76 frontline employees who took The Breakroom Quiz

5th of 50 rated energy and utility


Job description

Requisition: 83846
PSEG Company: PSEG Services Corp.
Salary Range: $ 38,100 - $ 57,200
 
Work Location Category: Hybrid Fixed
We're one of the country's largest energy companies, with a vision of powering a future where people use energy more efficiently and it's safer and delivered more reliably than ever. We're also deeply connected to the communities we serve, with more than 13,000 employees working together to support our customers and make a difference every day.
Here, you'll have the stability and exciting opportunities that come with being a Fortune 500 company - along with a supportive, friendly work environment where your contributions are valued.

We know life isn't one-size-fits-all, and neither is work. That's why we offer flexible work options depending on the role.
In support of this model, roles have been categorized into one of three work location categories:
1. Onsite - roles where employees are expected to be onsite daily.
2. Hybrid fixed - roles that are a mix of remote work and onsite work fixed days each week 
3. Hybrid flexible - roles that are a mix of remote work and onsite work, but the onsite requirements have greater flexibility. (i.e. 5-8 days a month vs. set days each week).

As an employee, if you are regularly scheduled to work 20 or more hours per week, you will have access to a wide range of comprehensive benefits from day one, designed to support your total well-being: medical, dental, vision, parental leave and family leave programs, behavioral health programs, 401(k) with company match, life insurance, tuition reimbursement, and generous paid time off.

More than 13,000 people already call PSEG their work home, taking pride in providing safe, reliable service to millions of customers. If you're looking for a place where you can build a meaningful career and help power and support our communities, we'd love to welcome you to the team.

PSEG is not offering visa sponsorship for this position.

Job Summary

PSEG is looking for a Summer 2026 Market Risk Intern - Market & Trading Operations Risk Department

This job involves working as a(n) market risk intern, to perform middle office functions.   

This position will be Hybrid Flexible

Job Responsibilities

Assignments will include working alongside professionals in the following areas:

  • Provide analytical, research, and administrative support to the market risk group.
  • Design, build, and maintain risk reports, including generation/hedging and various risk reports
  • Implement strategic initiatives to support enterprise long term objectives
Job Specific Qualifications

Required education/skills: The successful incumbent(s) must be actively pursuing a bachelor's or master's degree from an accredited institution in Quantitative, Mathematics, Computational Finance, or similar discipline and graduating between December 2026 and May 2029. Students graduating in May/June 2026 are not eligible unless they are enrolling in a post-graduate degree program in the fall term of 2026. PSEG recognizes institutions of higher education which are accredited by the Council for Higher Education Accreditation or equivalent. Incumbents must have completed sophopmore level course work for consideration.

Desired

  • Familiar with finance theory, option pricing theory, risk management concepts. 
  • Quantitative programming experience (academic experience OK), especially in Python, Matlab, R, or similar. 
     

All PSEG internship roles are paid at an hourly rate, however there are no medical benefits associated with these positions. Incumbents are expected to work 40 hours per week over the duration of the summer internship. We are targeting currently enrolled/matriculating students that are able to commute to their designated work location as needed. Housing, transportation, and immigration support will not be provided in association with these positions.

Some positions at PSEG require access to information covered by the Department of Energy's regulation 10 CFR 810 (Part 810). If applicable, the successful applicant must prove they are: (1) a citizen or national of the USA; OR (2) a lawful permanent resident of the United States (Non-Conditional Permanent I-551 / Green Card / Permanent Resident Card holder); OR (3) a citizen, national, or permanent resident of a "Generally Authorized" destination on the attached list not also a citizen, national, permanent resident of any country not listed; OR (4) a "Protected Individual" under the Immigration and Naturalization Act (8 U.S.C 1324b(a)(3)).

As an employee of PSEG, you should be aware that during emergency restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations. 
For all roles, PSEG's drug and alcohol testing program includes pre-employment testing, testing for cause, and post-incident/accident testing. 
Employees who are hired or transfer into a federally regulated role (including positions covered by USDOT, PHMSA, or NRC regulations) are subject to random drug and alcohol testing, inclusive of marijuana. Although numerous states throughout the country have legalized marijuana/cannabis products recreationally and medically, the use of these products are prohibited for employees in federally regulated roles. Please note that the use of CBD products may result in a positive drug test for THC/Marijuana and such use is not a legitimate medical explanation for a positive result.

If you are a current PSEG Long Island (PSEGLI) employee and offered an opportunity with PSEG or any of its subsidiaries other than PSEGLI, you will be treated as a new hire.  Please note that as a new hire to PSEG, your benefits will change and generally will be consistent with other similarly situated PSEG new hires. Similarly, for PSEG employees who accept job opportunities with PSEGLI, your benefits will change and generally be consistent with other similarly situated new hires of PSEGLI. 

PSEG is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legally protected characteristic. Legally protected characteristics include race, color, religion, national origin, sex, age, marital status, sexual orientation, disability or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals. 
PSEG is committed to providing reasonable accommodations to individuals with disabilities. If you have a disability and need assistance applying for a position, please call 973-430-3845 or email accommodations@pseg.com.
If you need to request a reasonable accommodation to perform the essential functions of the job, email accommodations@pseg.com.  Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.
ADDITIONAL EEO INFORMATION (Click link below)
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About PSEG

Sourced by ZipRecruiter

This is an exciting time to be joining PSEG. Our commitments, which include safety, integrity, customer focus, and diversity & inclusion, are the fabric of our culture and help drive the success of our business. We are fortunate to have an outstanding workforce of diverse and highly skilled talent who move us forward in our operational excellence journey. PSEG has more than 12,000 employees who are dedicated to the communities we serve and embody our vision: People providing Safe, Reliable, Economic and Greener Energy.

Industry

Clean energy services

Company size

10,000+ Employees

Headquarters location

Newark, NJ, US

Year founded

1903