OfferDrill.

Jobs › DV Trading

Quantitative Risk Intern - Summer 2027

DV Trading · Chicago, IL · $35.00–$40.00 an hour · Risk

Posted Aug 10, 2026 · We last checked this listing on Oct 6, 2026

Apply at DV Trading

Likely interview questions for this role

Written from this job description, not a generic list. Each one notes what the interviewer is really checking.

About your past

Tell me about a project where you analyzed data to reach a conclusion. What tools did you use?

What they are checking: Practical skill with Python, R or similar on real data, not just coursework.

Tell me about a time you found an error in your own analysis.

What they are checking: Whether they check their own work and are honest about mistakes.

Why quantitative risk rather than trading or research?

What they are checking: Genuine interest in the risk function and what it does for a trading firm.

What would you do

You may present results to the Executive Management Team. How would you explain a complex risk finding to them?

What they are checking: Whether they can make quantitative work clear and useful for decision makers.

If you had a week to stress test a portfolio of options, how would you approach it?

What they are checking: Ability to choose scenarios, revalue positions and explain results within a short time.

About the work

You would help design and analyze key risk metrics. What risk metrics would you track for a proprietary trading firm and why?

What they are checking: Familiarity with VaR, stress tests, greeks and concentration, and why each one matters.

Explain Value at Risk and its biggest weakness.

What they are checking: Whether they understand both the idea and its limits, such as tail risk and reliance on history.

How would you estimate the volatility of an asset from historical prices?

What they are checking: Basic statistics applied to markets, including choices like window length and weighting.

Two assets each look low risk, but together they make the portfolio riskier. How can that happen?

What they are checking: Understanding of correlation and concentration in portfolio risk.

What is a fat-tailed distribution, and why does it matter for risk?

What they are checking: Awareness that markets have more extreme moves than normal models predict.

Practice this interview out loud.

Offer builds a real interview for this exact role at DV Trading from your resume and this job description, asks the questions one at a time, and tells you what landed. The first one is free.

Practice this out loud

The full job description

As published by DV Trading.

About Us : Founded 20 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 600 people operating throughout North America, Europe and Asia. Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital, trading strategies, and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a cryptocurrency market making firm, and a bourgeoning investment adviser. Responsibilities:   • Build and execute advanced quantitative risk monitoring using results from above exercise, including design, collection and analysis of key risk metrics in collaboration with multiple stakeholders to influence business strategy. • Utilize advanced quantitative analytics to assess future risk, opportunities, and effectiveness and translate results into meaningful solutions to enhance decision making. • Contribute to strategic, cross-functional initiatives within the Quantitative Risk Management team. • Present results of the reviews performed to the Executive Management Team. Requirements: • Pursuing a degree in Mathematics, Statistics, Physics, Computer Science, or another highly quantitative field • Expecting to graduate between Winter 2027 and Summer 2028 • Proficient to advanced knowledge of statistical modeling and other quantitative techniques including, but not limited to linear & non-linear regression, optimization, simulation, time-series analysis, probability theory, survival analysis, value-at-risk, PCA, and GARCH • Basic proficiency in Python and SQL is required • Ability to communicate complex concepts and findings in a clear and concise manner. Preferred Skills: • Knowledge of option pricing and fixed income analytics • Advanced proficiency in Python • A working knowledge of Python SciPy & statsmodels, R, C/C++/C#, SAS, and/or Matlab • Knowledge of enterprise risk management and internal control standards, especially within the financial services industry • Proficiency in data management and reporting tools strongly desired (Essbase, Word, Excel, Power Point, Access) Compensation range: $35.00-$40.00/hr DV is not accepting unsolicited resumes from search firms. Only search firms with valid, written agreements with DV should submit resumes in response to DV’s posted positions. All resumes submitted by search firms to DV via e-mail, the Internet, personal delivery, facsimile, or any other method without a valid written agreement shall be deemed the sole property of DV, and no fee will be paid in the event the candidate is hired by DV. DV is proud to be an equal opportunity employer and committed to creating an inclusive environment for all employees.

Apply at DV Trading