Risk Management Intern, New York
Risk Management Intern, New York
Millennium’s Risk Management Department is responsible for identifying, assessing, and managing the risks associated with Millennium’s portfolios at the Firm-wide and Portfolio Manager levels. Risk Management focuses on the overall market, credit and liquidity risks faced by Millennium in its course of business.
Responsibilities:
- Develop and support tools for monitoring the risk of the firm’s trading groups, such as risk guideline and pre-trade checks, factor model-based projects and performance measurement.
- Investigate overlapping exposures between portfolio management teams
- Collaborate with investment teams to identify, analyze, and mitigate risks in portfolios.
- Assess market exposures, stress testing scenarios, and portfolio sensitivities
- Utilize Python for data cleaning, time series analysis, statistical modeling, and visualizations.
- Present data-driven insights clearly and effectively to broader team.
- Evaluate pricing frameworks for financial instruments such as interest rate options, inflation derivatives, and structured products.
- Perform day-to-day tasks as well as longer term projects.
Qualifications:
- Candidates graduating with and undergraduate or Master’s degree between December 2026 and June 2027.
- Majoring in Mathematics, Statistics, Physics, Computer Science or Engineering.
- Cumulative GPA of 3.5 and above.
- Excellent analytical and statistical analysis skills.
- Strong quantitative background.
- Experience in R and/or Python.
- Understanding of Financial Markets.
The estimated annual salary range for this position is $100,000 - $150,000, which is specific to New York and may change in the future.
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