Convertible Bonds Intern

Position: US Convertible Bonds Intern
Start Date: June 2026
Duration: 10 Weeks

Location: New York

We are seeking an intern with an interest in markets to work in a fast-paced entrepreneurial environment within the US Convertible Bonds team. 

The US Convertible Bonds team invests in and manages portfolios of convertible securities, which combine fixed-income characteristics with equity option value. The team focuses on assessing issuer credit quality, understanding capital structure dynamics, and identifying relative-value opportunities within the US convertible market. This includes evaluating fundamental credit strength, analysing equity and volatility drivers, monitoring market technicals, and valuing the embedded option features of convertible instruments.

This is a fantastic opportunity for someone who is passionate about finance to gain hands-on experience in a dynamic and supportive environment. The right candidate will have an opportunity to actively participate in large statistical data sets, investment modelling and return profiles, and investment committee presentations.

Responsibilities

As an intern on the US Convertible Bonds team, you will support the investment process through research, analysis, and day-to-day portfolio tasks. Typical responsibilities include:

• Conducting fundamental and credit research on US issuers, including reviewing financial statements and monitoring market and company news.
• Assisting with convertible bond valuation work, including updating models, running scenario and sensitivity analyses, and reviewing pricing inputs.
• Tracking market activity, including credit spreads, equity performance, volatility trends, and new issuance in the US convertible space.
• Updating internal reporting materials, dashboards, comparables, and market summaries for use in team discussions and investment decision-making.
• Preparing draft investment notes, issuer summaries, and other supporting materials for portfolio reviews.
• Contributing to ad-hoc projects such as sector research, capital structure analysis, and thematic market work.

Sona is also keen to support the learning experience of its interns and will provide multiple opportunities for direct engagement with our investment professionals. You will work directly with our investment professionals, who can guide you and provide feedback and pointers on project work, as well as provide insights into what we do, and the wider market. There will also be opportunities for networking, joining knowledge sharing sessions, and a structured training program to introduce some of the common concepts and activities within investment to provide broader insight. 

Candidate requirements

• Sophomore/rising junior student
• Interest in the finance industry
• Required skills: Strong Excel, Python Presentation and Communication Skills
• Desirable skills: Visual Basic, familiarity with AI techniques, libraries and tools, SQL and R programming languages

Benefits

• Competitive compensation / paid internship
• Structured learning opportunities
• Networking