Research and Product Development PhD Student Intern (Part-Time, 12-Month Program)
New York, NY
Internship
Onsite
$23.17/hr - $38.65/hr
Intern
CME Group is the world’s leading derivatives marketplace, focusing on data and analytics. They are seeking a part-time PhD student intern to contribute to the modernization of CME’s core analytics and the development of new AI-driven financial mathematical models over a 12-month period.
Responsibilities
Review and where appropriate suggest improvements to analytical models using modern numerical and statistical methods
Document and validate models in alignment with governance and regulatory standards
Work with technology to prepare models for deployment using GCP infrastructure
Help to document and at times direct conversion of legacy codebases into robust, maintainable analytics libraries
Ensure mathematical transparency, reproducibility, and version control
Collaborate with Product, Clearing, Data Science, Index, and Engineering teams
Conduct quantitative research across CME’s datasets
Build analytical pipelines using Python + GCP tooling
Develop visualizations and explainers for internal and client use
Support monthly and quarterly research themes
Present written and verbal findings to senior leadership
Help shape best practices for model governance, testing, and production readiness
Qualification
Required
PhD candidate in mathematics, statistics, physics, engineering, computer science, quantitative finance, econometrics, or a related field
Strong foundation in financial mathematics (stochastic calculus, derivatives modeling, numerical methods, or equivalent)
Proficiency in Python and scientific computing libraries
Ability to communicate complex concepts clearly in writing
Strong analytical discipline and attention to detail
Self-starter comfortable working across multiple business lines
Preferred
Experience with GCP: BigQuery, Vertex AI, Dataflow, C++
Experience with ML, embeddings, or agent-based systems
Background in market microstructure, derivatives, or high-frequency data
Prior publications, technical reports, or model documentation
Benefits
Comprehensive health coverage
Mental health benefit
CME Group is a diverse derivatives marketplace that manages risk and capture opportunities.
