Information Technology Intern

IT Intern

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We're committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

What to expect as a DTCC Intern:

• Access to senior leaders
• Workshops for skill-building and career development
• Participation in employee resource groups
• Team volunteering with local charities
• A sense of community
• Assigned a mentor throughout the summer.

The impact you will have in this role:

The Information Technology group delivers secure, reliable technology solutions that enable DTCC to be the trusted infrastructure of the global capital markets. The team delivers high-quality information solutions through activities that include development of essential business applications, building infrastructure capabilities to meet client needs and implementing data standards and governance. The intern in Quantitative Financial Analyst part of Risk Management Division will be provided with a platform to apply their academic learning in real-world scenarios across various cutting-edge domains to support our quantitative risk models that focus on assessing and mitigating financial risks. The intern will also participate in collection and analysis of model change requirements, create technical specifications, build and test model code, assist in procedural documentation for model, can make contributions within their business areas, and learn from experts currently working within the field.

Your Primary Responsibilities:

• Grasp the behavior of existing quantitative models, perform scenario analyses, and develop prototypes for new scenarios.
• Generate performance metrics and analytics to validate model behavior.
• Establish performance and monitoring controls to aid in model evaluation.
• Collaborate across business units to conduct model testing.
• NOTE: The Primary Responsibilities of this role are not limited to the details above.

Qualifications:

• Candidates should preferably be working towards a bachelor's degree in one of the following fields and graduating no later than May 2027: Computer Science, Data Science, Engineering, MIS, Business & Technology Management, or any other equivalent specialization.
• Candidates should have interest in and basic understanding of financial domain, quantitative modelling, programming languages and underlying infrastructure platforms.
• Candidates must have minimum of a 3.2 GPA or equivalent grade to be considered

Talents Needed for Success:

• Must demonstrate superior analytical and communication skills.
• Strong statistical and mathematical skills
• Basic understanding of capital markets and financial risk domain
• Strong interest in the financial services industry, with previous internship experience a plus
• Good written & oral communication skills
• Motivated self-starter
• Ability to grasp new concepts
• Ability to work within a team environment
• Strong problem solving and analytical skills.
• Proficient computer and technical skills (Particularly with Python, Microsoft Office Suite)
• Current college/university student

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes, bringing enhanced resilience and soundness to existing financial markets while advancing the digital asset ecosystem. In 2024, DTCC’s subsidiaries processed securities transactions valued at U.S. $3.7 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $99 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 25 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, X, YouTube, Facebook and Instagram.

DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork.  When you join our team, you’ll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It’s the chance to make a difference at a company that’s truly one of a kind.

Learn more about Clearance and Settlement by clicking here.

Experience Level

Entry Level