Model Risk Management - Validation Tools 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 is 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:

• Creation of risk calculation domain-specific language abstraction to facilitate collaborative development
  
• Performance tuning of Binomial tree-based Option pricing calculations
  
• Extraction and modeling of large financial data sets and automate trace data lineage given data transformation logic
  
• Design and implement automated reporting of production vs benchmark discrepancies and root cause analysis results.
  
• Optimize and improve PowerShell scripting-based workflow management
  

Candidate Qualifications:

• Desired major(s): Computer Science/Computer Engineering, Data Science, Mathematics/statistics/Engineering
  
• Technical experience desired: SQL, C#, .NET, JavaScript and UI development, R
  
• Communications skills across functional knowledge domains
  

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

• Will gain knowledge and experience in Model Risk Management Validation Tools by participating in many aspects of model risk management activity, with focus on designing, building and using tools to systematically benchmark and challenge OCC's risk modeling
  
• Will gain knowledge in developing and leveraging risk domain specific, graph- based language and platform
  

Step 1
When you find a position you're interested in, click the 'Apply' button. Please complete the application and attach your resume.

Step 2
You will receive an email notification to confirm that we've received your application.

Step 3
If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.

For more information about OCC, please click here.

OCC is an Equal Opportunity Employer

Location: Schiller Park, IL, US

Posted Date: 10/31/2024