Quant & Data Analytics Intern

About the Role

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. The internship program runs from June to August and will conclude with a final presentation and retreat.

Key Responsibilities

• 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.
• Create (or improve) reports using tools such as Python, Power BI or other tools available within the organization.
• Assist in documentation of risk management process and reports.
• Support daily monitoring efforts and document observations when exceptions are noted.
• Design additional analysis and/or monitoring tools to assist in the clearinghouse’s risk management efforts.

Requirements & Tech Stack

• Proficiency in SQL.
• Proficiency in programming languages such as Python.
• Experience with github for checking in and checking out code, creating pull requests.

Qualifications

• 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.
• Must be enrolled in a university or college program and should not be scheduled to graduate before December of the internship year.
• Strong communication skills.
• Strong analytical skills.
• Able to work on multiple assignments and prioritize initiatives.

Compensation & Benefits

• Competitive compensation: $22.00 - $42.00 per hour (base pay range for new hires).
• 401(k) with a 2:1 match, up to 8% match.
• Daily complimentary in-office lunch from local restaurants.
• Complimentary coffee and snacks.
• Monthly in office networking events and happy hours.
• Associate Resource Groups (ARGs) and affinity groups.