Summer 2026 - Staff Intern -Market & Trading Operations Risk Team

PSEG•Newark, NJ

2d•Hybrid

About The Position

PSEG is looking for a Summer 2026 Market Risk Intern for the Market & Trading Operations Risk Department. This job involves working as a(n) market risk intern, to perform middle office functions. This position will be Hybrid Flexible.

Requirements

The successful candidate(s) must be actively pursuing a bachelor's or master's degree from an accredited institution in Quantitative, Mathematics, Computational Finance, or similar discipline and graduating between December 2026 and May 2029.
Students graduating in May/June 2026 are not eligible unless they are enrolling in a post-graduate degree program in the fall term of 2026.
PSEG recognizes institutions of higher education which are accredited by the Council for Higher Education Accreditation or equivalent.
Candidates must have completed freshman level course work for consideration.
Some positions at PSEG require access to information covered by the Department of Energy’s regulation 10 CFR 810 (Part 810). If applicable, the successful applicant must prove they are: (1) a citizen or national of the USA; OR (2) a lawful permanent resident of the United States (Non-Conditional Permanent I-551 / Green Card / Permanent Resident Card holder); OR (3) a citizen, national, or permanent resident of a “Generally Authorized” destination on the attached list not also a citizen, national, permanent resident of any country not listed; OR (4) a “Protected Individual” under the Immigration and Naturalization Act (8 U.S.C 1324b(a)(3)).
As an employee of PSEG, you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.
For all roles, PSEG’s drug and alcohol testing program includes pre-employment testing, testing for cause, and post-incident/accident testing.
Employees who are hired or transfer into a federally regulated role (including positions covered by USDOT, PHMSA, or NRC regulations) are subject to random drug and alcohol testing, inclusive of marijuana.
Although numerous states throughout the country have legalized marijuana/cannabis products recreationally and medically, the use of these products are prohibited for employees in federally regulated roles.
Please note that the use of CBD products may result in a positive drug test for THC/Marijuana and such use is not a legitimate medical explanation for a positive result.
If you are a current PSEG Long Island (PSEGLI) employee and offered an opportunity with PSEG or any of its subsidiaries other than PSEGLI, you will be treated as a new hire.
Please note that as a new hire to PSEG, your benefits will change and generally will be consistent with other similarly situated PSEG new hires.
Similarly, for PSEG employees who accept job opportunities with PSEGLI, your benefits will change and generally be consistent with other similarly situated new hires of PSEGLI.
PSEG is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legally protected characteristic.
Legally protected characteristics include race, color, religion, national origin, sex, age, marital status, sexual orientation, disability or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.
PSEG is committed to providing reasonable accommodations to individuals with disabilities.
If you have a disability and need assistance applying for a position, please call 973-430-3845 or email [email protected].
If you need to request a reasonable accommodation to perform the essential functions of the job, email [email protected].
Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.

Nice To Haves

Familiar with finance theory, option pricing theory, risk management concepts.
Quantitative programming experience (academic experience OK), especially in Python, Matlab, R, or similar.

Responsibilities

Provide analytical, research, and administrative support to the market risk group.
Design, build, and maintain risk reports, including generation/hedging and various risk reports.
Implement strategic initiatives to support enterprise long term objectives.