The board
- Hours
- Full time
- Where
- Chicago - 125 S Franklin
- Posted
- Sep 18
To be considered for this position, applications and resumes are accepted only through our careers site by directly applying to the posted job. We do not accept unsolicited resumes or sales solicitations from staffing agencies. Any OCC employee wishing to submit a referral must do so through their Workday account. Any resume submitted outside of an active job posting will not be considered for employment.
INTERNS AND SEASONAL INTERNS ARE ELIGIBLE ONLY FOR PAID SICK LEAVE ACCRUED BASED ON HOURS WORKED. NO OTHER BENEFIT INCLUDING TECHNOLOGY STIPEND APPLY TO INTERNS OR SEASONAL INTERNS
Location: Chicago
Internship type: Seasonal intern (12 weeks, summer 2027)
Hybrid Work Program
OCC operates under a Hybrid Work Program which, absent an approved exception, requires employees to work from an OCC office at least 3 days per week.
What you'd do
- Master's or PHD in Financial Mathematics, Financial Engineering, Statistics, Applied Mathematics, Finance, Economics
What they want
- Strong foundation in financial mathematics: derivatives pricing models, stochastic calculus, probability theory, and statistics
- Working knowledge of linear algebra and numerical methods used in model implementation
- Familiarity with econometrics and quantitative risk management concepts (VaR, margin methodologies, stress testing frameworks)
- Exposure to machine learning or advanced data analysis techniques a plus
- Programming proficiency in Python (or similar language) for data analysis and model development in a collaborative codebase
- Solid understanding of financial markets and derivatives products (equity options, futures, options on futures)
- Proficiency with Excel, PowerPoint, and Word for analysis and presentation of findings.
- Strong analytical and problem-solving skills
- Effective written and verbal communication skills, with the ability to translate technical model findings for both quantitative and non-quantitative stakeholders
- Comfort working in a collaborative, cross-functional environment with quants, business users, data/technology staff, and model validation teams
What you get
- The salary range listed for any given position is exclusive of fringe benefits and potential bonuses. If hired at OCC, your final base salary compensation will be determined by factors such as skills, experience and/or education.
- In addition, we believe in the importance of pay equity and consider internal equity of our current team members as part of any final offer.
- We typically do not hire at the maximum of the range in order to allow for future and continued salary growth. We also offer a substantial benefits package as noted on
- All employees may be eligible for a discretionary bonus. Discretionary bonuses are based on various factors, including, but not limited to, company and individual performance and are not guaranteed.
About OCC
A World Class Clearing Organization The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S.
- Starts
- 2026-09-18