Summer Intern
Overview
NISA Investment Advisors, LLC (NISA) offers customized investment solutions for tax-exempt and taxable institutional clients. NISA manages over $277 billion in fixed income and equity securities and over $168 billion in derivative notional value. We seek bright, motivated individuals who can contribute to our growing team of professionals. Candidates with a high degree of independent thinking skills, strong analytical and quantitative skills, and team playing abilities are encouraged to apply.
Responsibilities
NISA Investment Advisors, LLC offers a project-based summer 2023 internship program for college students interested in learning about asset management for some of the largest institutional investors in the world. We tailor intern projects to match the interests of interns with our business needs while providing interns experience in various aspects of investment management. Interns are exposed to the broader firm and relevant market topics through an intern seminar series hosted by senior employees at NISA. They will work in the Portfolio Management, Client Services, Investment Strategies, Credit Research, or Operations departments where examples of projects include:
- Research and analyze pre-tax and after-tax portfolio returns
- Enhance proprietary models
- Program bond yields simulations with the aim to find an optimal portfolio of corporate bonds to hedge a pension liability
- Create CDS/CDX pricing tools, calculating fair value CDX spread based on physical bond pricing, and generating historical basis estimate of on-the-run CDX
- Develop a program that predicts and charts a given treasury futures price as a function of various yield changes across possible cheapest-to-deliver bonds
- Analyze the relationship between Euro equities and USD/Euro exchange rate to explore a possible investment strategy that profits from the volatility in FX rates
- Use Python to research market impact models via various academic resources
- Model and analyze indices (i.e., S&P 500, Barclays Aggregate) and fixed income securities (ABS, CMO, bonds with embedded options)
- Perform credit analysis including environmental, social, governance (ESG) characteristics on corporate issuers
- Research, document and analyze various ETF constituencies
- Perform credit analysis on corporate issuers
Qualifications
- Winter 2023 or Spring 2024 undergraduates are preferred
- Bachelor’s degree in a strong analytical and quantitative field such as Accounting, Finance, Economics, Mathematics, Financial Engineering, or Computer Science required
- Strong written and verbal communication skills
- Ability to work in a fast-paced environment, both independently and within a team setting
NISA’s culture encourages collaboration and innovation. We seek self-motivated, intellectually curious individuals willing to push themselves and others in an environment that celebrates fresh thinking. We equip employees with the resources needed to excel and we encourage personal development. NISA is dedicated to internally cultivating and rewarding talent. Employees at NISA are provided with a wide range of benefits, including a complimentary onsite cafeteria, gym, health and wellness program, and educational assistance program.
NISA Investment Advisors, LLC is an equal Opportunity Employer – minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity.