2025 Asset Liability Management Summer Internship

New York Life - New York, NY

Full-time - Intern

New York, NY

Insurance Carriers and Related Activities

About the position

The internship at New York Life offers a dynamic experience across various business sectors, particularly focusing on the Asset Liability Management (ALM) & Investment Strategy Team. Interns will engage in hands-on work that enhances their skills and builds a professional network through collaboration with experienced employees and fellow interns. The program is structured over 11 weeks, providing opportunities to learn about quantitative modeling and investment strategies while contributing to real-world projects.

Responsibilities

• Serve as a quantitative developer to build new capabilities and maintain existing code infrastructure of the ALM platform
• Partner with sector specialists, investment accounting, asset data, and research teams to expand the company's modeling capabilities
• Research new quantitative modeling methods for stochastic modeling of assets and liabilities with embedded optionality
• Research quantitative investment strategies
• Improve and automate the production processes
• Complete challenging assignments and gain practical on-the-job experience
• Develop skills through training and online courses (e.g., Python)
• Network with NYL actuaries and professionals, including those in senior management
• Participate in group volunteer events

Requirements

• Currently working towards an Undergraduate, Graduate, or PhD degree with an accredited college or university
• Strong knowledge of statistics or financial engineering
• Excellent programming skills in an object-oriented language such as Python, C++, VB.Net, or C#
• Familiarity with both relational and object databases

Nice-to-haves

• Cumulative GPA of 3.0 or higher
• Ability to think outside the box and work independently

Benefits

• Leave programs
• Adoption assistance
• Student loan repayment programs
• Annual discretionary bonus
• Incentive program