2027 Market Risk Intern, New York

About the role

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.

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.

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.
• Evaluate pricing frameworks for financial instruments like options and derivatives.

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.

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.
• Proficiency in Python or R programming languages.

Preferred Skills

• Experience leveraging AI tools for research and workflow efficiency.
• Strong attention to detail and sound judgment.
• Understanding of financial markets.