Principal Financial Groupposted 6 months ago
$60,320 - $64,480/Yr
Full-time - Intern
Remote - New York, NY
251-500 employees
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
About the position
The summer intern will join the Investment Solutions Team at Principal Asset Management, assisting in various investment-related functions. This role offers exposure to investment solution design and delivery, as well as hands-on experience in managing derivatives portfolios, including trade structuring and portfolio monitoring. The internship aims to enhance analytical skills and provide practical experience in financial mathematics applied to investments.
Responsibilities
- Assist the team in various investment-related functions.
- Support derivatives portfolio managers in managing existing portfolios.
- Structure trades and reconcile executed trades.
- Monitor portfolios and build new analytical tools to improve efficiencies.
- Apply financial mathematics skills to investment scenarios.
Requirements
- Currently pursuing a degree in mathematics, accounting, finance, economics, or a related major.
- Completion of intermediate level coursework in finance.
- Preferably have a GPA of 3.5 or higher and/or working towards a CFA charter.
- Exposure to investment concepts through student organizations or work experiences.
- Previous internship experience with financial modeling, derivatives modeling, and asset price modeling using Python.
Nice-to-haves
- Exposure to FactSet, Bloomberg, or similar tools.
- Ability to write and debug code in Python.
- Strong Excel modeling experience.
- Quickly pick up and apply new complex ideas.
- Strong analytical and problem-solving skills.
- Ability to communicate complex ideas simply and effectively.
- Exceptional organizational skills.
Benefits
- Hourly wage of $29 - $31.
- $3,000 lump sum stipend for incidental expenses during the internship.
- Paid company holidays and time off as required by state.
