INTERN - Risk Product Specialist

Reporting to the SVP, Market Risk and Counterparty Credit Risk Analytics, the Risk Product Specialist Intern will work within the Product and Engineering Group to help develop the next generation risk management product offerings for the financial markets industry, with a core focus on Market Risk and Counterparty Credit Risk. The role will entail working internally across business, research and development teams as well as externally with clients to determine product features and enhancements that will be commercially successful in providing solutions to capital markets participants. 

What You'll Do: 

• Product Specialist: 

Work with Clients, Financial Engineers and R&D to analyze product gaps and enhancement requests, draft technical specifications and assist in prioritizing developmental efforts. 

Understand requirements using interviews, document analysis, requirements workshops, surveys, site visits, business process descriptions, use cases, scenarios, business analysis, tasks and workflow analysis.  

Critically evaluate information gathered from multiple sources, reconcile conflicts, decompose high-level information into details, abstract up from low-level information to a general understanding, and distinguish user requests from the underlying true needs. 

• Pre- and post- sales Engineer: 

Serve as business and technical expert on pre-sales and post-sales projects as needed.  Work may include serving as business and technical resource for active client implementations. 

Develop prototypes based on the aforementioned business analysis by leveraging, Numerix SDK, Python and other tools. 

Work cross functionally with various departments, our clients, as well as the entire Numerix organization as a member of a Risk team.

What We’re Looking For: 

• Bachelor's degree in finance, mathematics, economics or related field.

•  Masters in Quantitative Finance or MBA in Finance degree preferred 
  * FRM, PRM, CFA a plus. 

• Strong analytical and communication skills are required, including a thorough understanding of how to interpret business needs and translate them into functional and technical requirements. 

• Good understanding of market risk analytics and counterparty credit risk analytics including MtM, Greeks, Stress Testing, VaR, PFE and XVA. 

• Intermediate coding skills are required with Python preferable.  

• Familiarity with Product Structures, Curve Building, Pricing Models, Market and Reference Data. 

Extra Credit:

• Familiarity with banking regulatory standards such as Basel III endgame/FRTB is a plus. 

• Working knowledge of front office or middle office systems a plus: Bloomberg, Calypso, Murex, Misys, RiskMetrics, Calypso, Algorithmics. 

• Knowledge of listed and OTC Cash and Derivative products including valuation models and methodologies. Exposure to multiple Asset Classes (FI, Commodities, Credit, Equities and FX) a plus. 

• Good understanding of Derivative transaction life-cycle management from both a Front and Back Office perspective is a plus. 

• Experience in the Financial Services industry a plus. Front or middle office experience at a sell-side institution, hedge fund or asset manager a plus.   

Where You’ll Work:

This is an on-site position, open to all who reside within a commutable distance from our NYC headquarters (100 Park Avenue, NYC).  This Internship will be a three (3) month term, with the possibility of extending beyond that.  The successful candidate will be able to work for a minimum of 20 hours/week, and start in January 2026 if not sooner.

Compensation on Offer:

The successful candidate will earn $17/hour.

Also note that unsolicited contact from third-party recruiters or agencies will not be considered at this time. We respectfully request no outreach from agencies.