Intern - Quantitative Research, Principal Asset Allocation (Undergrad or Graduate - Summer 2027)

Role overview

Responsibilities

• Conduct quantitative research and analyze financial and macroeconomic data.
• Support development, testing, and evaluation of systematic investment signals and portfolio models.
• Perform backtesting, performance attribution, risk analysis, and portfolio diagnostics.
• Work with large financial datasets and improve research and analytical workflows.
• Summarize findings and present results to portfolio managers and investment team members.

Required qualifications

• Currently pursuing a bachelor's, master's, or PhD in Financial Engineering, Finance, Economics, Mathematics, Statistics, Computer Science, or a related quantitative field.
• Proficiency in Python and familiarity with SQL.
• Strong interest in quantitative investing, financial markets, and global macro or multi-asset strategies.
• Strong analytical and problem-solving skills and ability to work with large, complex datasets.
• Available to work full-time onsite in New York City, NY, or Des Moines, IA during Summer 2027.

Additional helpful qualifications

• GPA of 3.5 or higher; relevant investment, quantitative research, asset management, or financial-market internship, research, or project experience.
• Familiarity with derivatives such as options and futures, and their use in risk management and investment decisions.
• CFA candidate status; experience with Bloomberg, FactSet, or similar financial data platforms.
• Quantitative research and backtesting experience, particularly with futures, forwards, or other derivatives.
• Familiarity with statistical analysis, time-series analysis, or quantitative modeling; strong written and verbal communication.

Compensation

• Targeted base salary is $29–$40 per hour, depending on location and other factors.
• Interns receive a $4,000 lump-sum stipend for incidental expenses; the company provides a tax gross-up on the stipend.
• Non-sales positions may participate in a bonus program.

Location and work arrangement

• The internship is described as full-time and onsite during Summer 2027 in New York City, NY, or Des Moines, IA.
• The location information also states that this internship will be located at the company's New York City offices.

Internship experience

• The internship program provides hands-on experience, dedicated teams and mentors, professional networking, and cross-company collaboration.
• Program activities include an Executive Speaker Series and other events.

Work authorization