QRM - Summer Intern

About OCC:

A World Class Clearing Organization

OCC is the largest equity derivatives clearing organization in the world. We provide central counterparty clearing and settlement services for equity options, futures, options on futures, and securities lending transactions. We serve approximately 115 clearing members and 15 exchanges including CBOE, Nasdaq, and NYSE.

OCC is building a culture that empowers continued learning, authentic innovation, and constant creativity.

About the Intern Program:

OCC is looking for interns who are hungry for the chance to learn more, humble enough to admit they don’t know all the answers, and smart enough to recognize the opportunity. The OCC Internship Program provides students with the real-world skills to successfully transition into a career in the financial services industry. As an intern, you will help lead projects that help shape the future of OCC. This person will apply their skill-set and knowledge toward tackling designated projects. This an exciting opportunity to have a true impact on the company by designing and implementing solutions for real challenges facing the business. Here’s what we’re looking for:

Projects and Responsibilities:

• Explore and develop ML/AI toy models for quantitative risk management.
• Draw insight from OCC’s data to discover potential risk present to OCC, such as from recent short-dated option trading activities.

Candidate Qualifications:

• Strong foundation in advanced quantitative training such as physics, computer science, or finance
• Intermediate to advanced programming skills in Python, R and/or Java
• Understanding key concepts of quantitative finance and risk management 
• Ability to produce coherent technical documents.

What knowledge and skills will the intern gain from this internship?

• Real experience in quantitative risk modeling and analysis of financial data
• Exposure to a wide variety of quantitative models developed in QRM
• Understanding the industry-grade quantitative software development process and technologies
• Honing technical writing skills