Model Risk Management Intern

## About the Team & Role The Model Risk Management team analyzes model risk across pricing, margin, clearing fund, stress testing and liquidity models. The intern will collaborate with MRM staff to assess model risk and review associate remediation. ## Job Summary & Responsibilities - Study risk management methods at OCC. - Conduct ad-hoc analysis of current risk management themes using statistical, econometric and/or machine-learning methods - Design and implement automated reporting of production vs benchmark discrepancies and root cause analysis results - Review and adapt best practices of option implied volatility modeling, for example, analyze the changes in implied volatility of equity options after earnings announcement ## Candidate Qualifications Rising senior or second-year graduate student, graduating December 2027 or May/August 2028. ## Desired Majors - Financial mathematics, Mathematics, Physics, Finance, Computer Science ## Technical Skills/Experience Desired - Basic programing skills. Able to read and write code using a programming language (R or Python) - Basic Financial mathematics (derivatives pricing models, stochastic calculus, statistics and probability theory, advanced linear algebra) - Data Analysis, Excel, and PowerPoint