Risk Management Interview at Derivatives Trading Firm, what should I expect?

Hey guys, Great to be on this forum! I am a sophomore studying math and finance. I am expecting a 20-30 minute phone interview from a derivatives trading firm for a part time internship. the job description is: As a Risk Management Intern, responsibilities will span a wide variety of programming, data analysis, statistical and other quantitative projects. These projects often range in duration, team size, and programming environment. Past projects have included: generating and streamlining risk management reports, designing simulations of various trading strategies, analyzing current trading settings, as well as working on algorithmic trading projects. This position will have a high degree of autonomy as well as responsibility in the design, direction, and approach in these tasks.

Required qualifications: • Knowledge of software and programming design, organization, paradigms, and practices. • Solid analytical and problem-solving skills. • The ability to analyze and approach quantitative projects in a logical way. These skills are often demonstrated through an interest or study of mathematics, physics, computer science, engineering or other quantitative discipline. • Ability to work on projects independently. • Understanding of, or strong interest in, the business of trading and/or finance. • Some knowledge of statistics or experience with data analysis (with Excel, SQL, R, SAS, Matlab, etc.) is helpful.

Optional qualifications: • Programming skills • Knowledge and experience with at least one or more of the following: C/C++, C#, VB/VBA, Perl, Python, LISP, etc.. • Experience with data structures, databases, and/or algorithms are helpful.

What should I expect from the interview? I think they would want to know what skills I have, and back that up with experience. Then, they'd probably want to know how smart I am, so they would probably ask some brain teasers. Are these fair expectations? I hope they're not looking for hard-core programmers, because my programming experience is minimal. But I'm very interested in finance and trading, and I'm good at math so I have analytical skills. Do you think they will hang up on me if they find out I haven't programmed that much? If so, should I try to avoid that by exaggerating my experiences or should I be truthful? Anyone who's done this kind of internship, can you give any insights? Anything would be helpful, thanks so much!

2 Comments
 

Cumque voluptatum voluptas iste dolor accusamus libero distinctio quia. Officia aliquid et possimus repellat eius. Nemo quaerat cum non et. Sed occaecati similique qui rerum quia. Placeat aut iure repellendus eum. Laudantium deleniti animi nostrum sit.

Velit placeat enim praesentium ut totam voluptate libero aliquid. Sit quidem ipsa tempora. Ratione quia molestias placeat et. Sit qui ab omnis quibusdam quis enim et qui.

Ut quas consequatur neque dicta. Ut quis quos nemo sit facere. Voluptas distinctio aliquid eius illo explicabo a quia fugiat. Voluptatem est amet et architecto dolorem quo id aut. Magnam alias deleniti nisi vero alias velit et. Dicta neque praesentium blanditiis repellat sint est a recusandae.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (27) $183
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”