Internships are short-term work experiences for a designated period of time that allow college students the opportunity to observe and participate in the professional work environment, to explore how his/her interests relate to possible careers, and to gain practical experience in an industry relating to their field of study.

Responsibilities:

  • Perform fund research by analyzing fund performance, evaluating fund strategies, maintaining fund mapping models and tools, and supporting ad hoc research such as hedge cost and hedgeability analysis

  • Support portfolio management and solutions development by researching capital market models and derivative pricing techniques, data mining, and back testing

  • Analyze capital markets, participate in portfolio management meetings, collect and consolidate market data, develop risk assessment tools, perform system tests and process reviews needed in hedging process in order to provide analytical supports to the PMs (portfolio management)

  • Work with colleagues to monitor and maintain hedge models and hedge programs

  • Produce hedge performance reports

  • Provide data analysis supporting report results

  • Engage in process improvements to increase the reporting efficiency

  • Conform with and abides by all regulations, policies, work procedures, instruction and all safety rules
     

Qualifications:

  • Currently pursuing a graduate degree, such as mathematics, quantitative finance, business/economics majors, or STEM majors with business/finance electives. Internships are not available for students who have completed their college education or who will graduate prior to the conclusion of the internship

  • Programing skills in SQL, Python, R, VBA, or similar languages

  • Quantitative skills in equity, interest rates modeling, derivative pricing and risk management

  • Demonstrate good understanding of capital market, investment and finance concepts with the ability to creatively apply these concepts in solving complex problems in a business setting

Working Conditions:

  • Interns will work hybrid in Baltimore, MD

  • Tuesday, Wednesday, and Thursday will be in office; Monday and Friday will be work from home days

Compensation:

The salary for this position generally ranges between $25.00 - 30.00 per hour. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote), and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Disclaimer:
Beware of fake job offers!

We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:

  • We will never request personal information such as ID or payment for equipment upfront.

  • Official offers are sent via DocuSign following a verbal offer—not through text or email.