Undergrad Intern – Quantitative Team (Global Pricing Valuation Services)

Franklin Templeton • New York, CA

4d • $24 - $31 • Hybrid

About The Position

2024 Undergraduate Summer Intern – Job Posting Department Title: Undergrad Intern – Quantitative Team (Global Pricing Valuation Services) Location: This position will be based in any of the Franklin Templeton US offices or remote. Please note this internship can be on a hybrid basis, with 2 days a week in the office. Position Summary: Department Overview The Quantitative Team within Global Pricing and Valuation Services (“GPVS”) researches and builds valuation models for private equity, debt, and derivatives securities held in Franklin Templeton and Legg Mason Mutual Funds and Private Equity Funds. The Team also performs ad hoc analysis and valuation on restructurings, corporate actions, and financial markets. The activities of the Quant Team and GPVS are governed by the Valuation Committee (“VC”) and Mutual Fund Boards Team Culture: We must interact with most of the teams in FT such as portfolio management team, CXO level management, corporate actions etc. Flexible work culture An Intern can expect to learn by the end of their internship: Valuation concepts Communication with key stake holders Working in a time crunch situations Use complex valuation models to price Private Equity and Private debt. Use judgement to make decisions on the valuation assumptions. We are responsible for all the private investments which Franklin Templeton makes across the Globe.

Requirements

• Bachelor's degree, preferably in Finance, Math, or other quantitative discipline.
• Currently pursuing MBA in Finance.
• Pursuing CFA or CFA L1 cleared.
• Knowledge of mutual fund/financial services industry and private equity and venture capital.
• Basic knowledge of financial instruments such as derivatives, fixed income, and equity.
• Advanced knowledge of Microsoft Excel (IF function, vlookup, basic understanding of excel macros)
• Basic knowledge of various valuation methods such as comparable company analysis, discounted cashflow method, and black scholes model for option pricing.
• Strong attention to detail and accuracy.
• Excellent written and oral communication skills.

Nice To Haves

• Knowledge of databases such as Bloomberg would be an added advantage.

Responsibilities

• Assisting the Senior Quantitative Valuation Analyst in day-to-day tasks.
• Preparing draft valuation models, including revenue and profitability assumptions.
• Preparing warrant and option pricing models.
• Preparing valuation write-ups.
• Assisting the Global Pricing and Valuation Services team with ad-hoc pricing requests.
• Drafting emails for communication with the front office regarding reasonability of our assumptions and price levels.
• Assisting the team with audit requests.
• Conducting analysis on various corporate action events in trade halt securities to recommend accurate pricing.

What This Job Offers

• Job Type: Full-time
• Career Level: Intern