Cboe

Quant & Data Analytics Intern

USA internshipsQuantPosted 23 days ago

Location: Chicago, IL
Type: USA internships

About this role

From Cboe’s careers page.

Job Description:

Building trusted markets — powered by our people.

At Cboe Global Markets, we inspire our people to solve complex challenges together because what we do matters. We provide the financial infrastructure that powers the global economy. As a leading provider of market infrastructure and tradable products, Cboe delivers cutting-edge trading, clearing and investment solutions to market participants around the world.

Cboe interns work with a variety of staff across multiple departments and have the opportunity to put their skills to work in their field of interest, while learning about Exchange technology and operations through our robust Options Institute courses.

The three main foundational pillars of our internship program are: develop, educate and network. We want to ensure each of our interns receive a real-world working experience that encourages academic, professional and personal growth.

Candidates should be versatile, eager and able to work in a fast-paced, time-sensitive financial and technical environment. Our interns will be working 5 days in office per week at one of our state-of-the-art offices in Chicago, Kansas City, and New York City. To be eligible for this internship, applicants must be enrolled in a university or college program and should not be scheduled to graduate before December of the internship year. Our internship program runs from June to August and you will wrap up your internship with a final presentation and retreat. Visit our student page for more information about our internship program!

The Cboe Quantitative Risk Analyst & Data Analytics intern.

The Quantitative Risk Analyst & Data Analyst Intern’s at Cboe will assist members of the various groups across Cboe with their innovations and risk management programs.

Your responsibilities and learning objectives will be:

The Quantitative Risk Analyst Intern at Cboe will

Assist the team with quantitative analysis of historical market data as well as portfolios and margin requirements to determine scope for improvements to the margin model. This will give interns an opportunity to utilize programing and quantitative skills on real world data and impact on Cboe products.
Create (or improve) reports using tools such as Python, Power BI or other tools available within the organization. The intern will have opportunities to utilize tools that we widely used for creating reports and will get opportunities to understand how to design impactful analytics and reports.
Assist in documentation of risk management process and reports which would prepare interns with necessary skills for technical roles in corporate setting.
Support daily monitoring efforts and document observations when exceptions are noted.
Have the opportunity to design additional analysis and/or monitoring tools to assist in the clearinghouse’s risk management efforts.

The ideal candidate has:

Should be currently a rising senior in their Bachelors for the Data Analyst roles and second year in a Master’s program for the Quant roles in Financing Mathematics, Financial Engineering, Computer Science, or related field and should not be scheduled to graduate before December of the year in which the internship takes place.
Proficiency in SQL.
Proficiency in programming languages such as Python.
Strong communication skills and analytical skills.
Able to work on multiple assignments and prioritize initiatives.

You’ll really stand out with:

Experience with github for checking in and checking out code, creating pull requests

Benefits and Perks

Competitive compensation
Flexible, hybrid work environment, 5 days in office.
2:1 401(k) match, up to 8% match immediately upon hire.

Some of our employees’ favorite benefits and perks include:

Daily complimentary in-office lunch from local restaurants
Endless free coffee and snacks to fuel your workday
Monthly in office networking events and happy hours
Associate Resource Groups (ARGs) and affinity groups for support and community building

More About Cboe Global Markets

We’re reimagining the future of the workplace by focusing on what matters most, our people. Our journey is an inclusive one. We’re investing deeply in leadership programs and career development initiatives that ensure everyone has an equal chance to succeed. We celebrate the diversity in our communities, inside and out, and welcome new perspectives with equity, inclusion and belonging.

We work with purpose, solving problems with ingenuity, collaboration, and a lot of passion. We’re an engaged and excited team connecting markets across borders and embracing growth in all its forms to achieve incredible outcomes.

Learn more about life at Cboe on our website, LinkedIn, and our student page for more information about our internship program!

Equal Employment Opportunity

We're proud to be an equal opportunity employer - and celebrate our employees’ differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status.

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This position is not eligible for visa sponsorship. Candidates must be legally authorized to work in the United States without the need for employer sponsorship now or in the future.

Our pay range for interns is determined by function and education level. The national new hire base pay range for this job in the United States is $22.00 - $42.00 per hour. This range represents the minimum and maximum base pay target for new hires working in the position full time.

Within the range, individual pay is determined by years of education completed. In addition to base pay, eligibility for our total rewards program may include benefits such as 401 (k) with a generous company match and paid sick time. Your recruiter will provide more details about the total compensation package during the hiring process

Any communication from Cboe regarding this position will only come from a Cboe recruiter who has a @cboe.com email or via LinkedIn Recruiter. Cboe does not use any other third party communication tools for recruiting purposes.

Apply nowOpens Cboe’s application page