Asset Liability Management Analyst Intern (Summer 2024)

Job Family

Administrative Services

About Us 

 

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential unleashed by leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.  

 

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there. 

    

Transamerica is a part of Aegon, an integrated, diversified, international financial services group. The Aegon companies employ over 21,500 people and have approximately 31.7 million customers.* For more information,  visit www.transamerica.com. 

 

Who We Are 

  

Transamerica has been making financial services available to the many, not just the few, for more than 100 years. We’re a leading provider of life insurance, retirement, and investment solutions, serving millions of customers throughout the United States. Transamerica’s dedicated professionals focus on helping people live their best lives through saving, investing, and protecting their loved ones. Transamerica is dedicated to building America’s leading middle market life insurance and retirement company, providing a broad range of quality individual life insurance policies, workplace supplemental insurance benefits, workplace retirement plans, individual retirement accounts, and investment products, including mutual funds, annuities, stable value solutions, as well as investment management services. 

 

What We Do 

 

Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, and Employee Benefits), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People and Places; Brand; Corporate Affairs; Risk; and Technology). 

Job Description Summary

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.

Transamerica is searching for a summer Risk Analyst Intern who is eager to learn about asset liability management (ALM), hedging, and risk management within the life insurance business. The successful intern will work with experienced financial professionals on the ALM Strategies and PM (portfolio management) team to develop strategies and solutions to help the company achieve its financial goals.

If you are interested in being part of an organization that makes an impact in our customers’ lives where out-of-box thinking is encouraged and rewarded, apply today!

Job Description

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)
• Works with colleagues to monitor and maintain hedge models and hedge programs.  
• Produce hedge performance reports.
• 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
• Candidates based in the Baltimore, MD region
• 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, Matlab or VBA
• 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 sett