Quantitative Development Intern - FRM
Chicago, IL US
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Posted 13 days ago
Job/Internship Description

The Chicago office of Milliman Inc. is looking for bright, enthusiastic and qualified candidates to work in their Financial Risk Management (FRM) practice.

We have a focused, multi-disciplinary team of actuaries, financial engineers / capital markets professionals and software developers working together to develop risk management solutions for the financial services industry. We currently advise some of the world's largest insurance companies in areas such as hedging strategy and operations, portfolio risk management, and capital requirements.

Responsibilities

The candidate would potentially be involved in the following types of projects:


Designing models of exotic derivatives appropriate for pricing exercises, setting hedge positions, and projecting hedge strategy performance
Implementing derivative models as VBA, C++, and C# modules
Developing both risk neutral and real world economic scenarios used for hedge strategy testing purposes
Calibration of capital markets models to market prices and historical capital markets data
Developing trading strategies and performing historical regression tests

Required Skills

The ideal candidate will have:


Obtained, or made successful progress toward, an advanced quantitative academic degree, preferably in math, physics, or quantitative finance
Made successful progress toward CFA and/or FRM designations
Experience carrying out quantitative financial analysis, preferably based on portfolio and option valuation theories
Experience with stochastic modeling exercises including use of Monte Carlo techniques
Demonstrated proficiency in computer programming languages including C++, Matlab, and Excel VBA, and has an appreciation of object oriented software design
Demonstrated strong communication skills, capacity for leadership, and creative problem solving
The ability to work independently and in a team environment
A results-oriented work ethicEqual Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information.
Milliman is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, religion, national origin, age, protected veteran status, disability status, or any other characteristic protected by law.

 

Position Summary
Company
Start Date
As soon as possible
Employment Type
Part Time
Period of Employment
Open
Type of Compensation
Paid
College Credits Earned
No
Tuition Assistance
No
Required Student Status
Open
Preferred Majors
Other
 This company is a Federal Contractor
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