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Millennium ManagementNew York City, NYInternship
2027 Market Risk Intern, New York
Join Millennium's 2027 Market Risk Summer Internship in New York to develop risk management skills across various asset classes. Gain hands-on experience with quantitative modeling, data analysis, and financial instrument pricing in a collaborative environment.
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About the Team
- Global Risk Management Department monitors and manages market risks across portfolios.
- Partners with portfolio managers across asset classes to ensure risk parameters.
- Interns may join Equities, Credit, Rates, Commodities, Volatility, or Enterprise Risk desks.
- Focus on collaboration, disciplined risk management, and continuous learning.
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Responsibilities
- Develop and support risk monitoring tools including model development and validation.
- Investigate overlapping exposures between portfolio teams.
- Assess market exposures, stress testing scenarios, and portfolio sensitivities.
- Use Python for data cleaning, time series analysis, and statistical modeling.
- Present data-driven insights effectively to the team.
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Additional Tasks
- Perform day-to-day tasks and longer-term projects.
- Build, test, and validate quantitative and statistical models.
- Conduct research and apply data science techniques such as predictive modeling.
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Requirements
- Graduating between Dec 2027 and June 2028 with undergraduate or master's degree.
- Expected GPA of 3.5 or above.
- Field of study in mathematics, statistics, physics, computer science, or engineering.
- Strong quantitative, analytical, and data science skills.
- Experience with quantitative modeling or model validation.