Trading Intern (Financial Risk Management) Summer 2026 Term (MayJune Start Date) at Milliman

Who We AreThe Chicago office of Milliman Inc. is looking for bright enthusiastic and qualified candidate to work in their Financial Risk Management (FRM) practice.Millimans rigorous distinctly innovative approach to risk management is built on a foundation of actuarial expertise and shaped by some of the most advanced thinking in the industry. Whether youre looking to improve capital efficiency comply with regulatory requirements or guard against market volatility Milliman offers a complete range of operational strategic and financial risk management solutions and tools.We have a focused multi-disciplinary team of actuaries financial engineers/capital markets professionals and software developers working together to develop risk management solutions for the financial services industry. We currently advise some of the worlds largest insurance companies in areas such as hedging strategy and operations portfolio risk management and capital requirements.We hire the best in the businessand then trust them to do their work their way. Its about personal responsibility creativity flexibility. We believe great work happens in great work environments.Our culture is highly collaborative with value placed on high quality work and innovation.The Department/TeamMilliman Financial Risk Management LLC is a market leader in the field of trading and risk management of global portfolios of securities and derivatives to manage capital market risks for insurance companies pension plans endowments funds and other financial institutions. FRM traders located in Chicago London and Sydney operate as an integrated team to provide these services to clients across the globe. FRM is committed to continual research and development to maintain and enhance its position as an industry leader in financial risk and portfolio management. For further information about Milliman and FRM please visit our website Role/What Youll DoAs a summer intern you will assist the ETF Trading team in intra-day and end-of-day processes and activities for the trading desk working with Portfolio Management Operations and Trading Technology. You will be working with traders responsible for trading a wide range of securities and derivative instruments including equity and fixed income securities ETFs futures and options and OTC derivatives.Typical Duties and ResponsibilitiesAssist in booking transactions into trading systems and modelsWork with Operations for position matching trade allocations and other post-trade activitiesAssist traders in end of day functions such as verifying NAV calculations checking position tables disseminating creation/redemption baskets etc.Your QualificationsYou are working toward a Bachelors in business finance economics or similar degreeYou have some experience or strong interest in trade support ETFs securities and/or derivatives in equity fixed income or foreign exchange marketsAbility to understand the broader investment objectives behind tradesStrong analytical and information technology skills are desirableGood communication skillsAbility to multitask and thrive in a fast-paced environmentMaturity good judgment and a professional demeanorLocationCandidates hired into this role will be required to work in-person in the Milliman office in Chicago IL on a weekly basis but flexible work arrangements will be considered.The expected application deadline for this job is February 1 2026.CompensationThe overall hourly rate range for this role is $21.00 - $43.00. A combination of factors will be considered including but not limited to education relevant work experience qualifications skills certifications etc.BenefitsWe offer competitive benefits which include the following based on plan eligibility:Employee Assistance Program (EAP) Confidential support for personal and work-related challenges.401(k) Plan When an employee reaches 1000 hours worked within 12 consecutive months they become eligible for a 401(k) plan that includes a company matching program and profit-sharing contributions.Paid Time Off (PTO) Begins accruing on the first day of work; Interns Temporary and Seasonal Employees will earn PTO each pay period based on 1 hour for every 30 hours worked.Transportation Pre-tax savings for eligible transit and parking expenses.Equal OpportunityAll qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation national origin disability or status as a protected veteran.Required Experience:Intern Key Skills Microsoft Office,Public Relations,Google Docs,Data Collection,MailChimp,Microsoft Word,Dermal Fillers,Microsoft Powerpoint,Research Experience,Microsoft Excel,Adobe Photoshop,Writing Skills Employment Type : Full-Time Experience: years Vacancy: 1 Monthly Salary Salary: 21 - 43