When you join New York Life, you’re joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You’ll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

The Asset Liability Management (ALM) & Investment Strategy Team’s mission at New York Life is to effectively partner with the business, finance, and asset management teams to research, develop, and implement investment strategies that help meet business and financial objectives. These goals heavily depend on robust models and data.

This role will have broad responsibilities over the company’s quantitative modeling and projection capabilities. Responsibilities may span modeling of traditional and exotic fixed income and equity assets, designing and implementing both model and platform improvements as well as on going production responsibilities. The role requires strong knowledge of statistics or financial engineering, and strong coding skills, as well as the ability to work effectively as part of a larger interdisciplinary team of quantitative finance and insurance professionals.

This person will interact closely with other areas such as Finance, Actuarial, Risk Management and Investments, as well as the Business Units, regarding quantitative modeling efforts.

This role offers interested candidates the opportunity to learn both traditional and innovative methods for ALM & investment strategy development and to work on challenges and solutions that dominate leading-edge ALM discussions today. This is a structured full-time program.

You Will Have:

Challenging assignments and practical on the job experience
Skill development in the form of training and online courses (i.e. Python)
An opportunity to meet NYL professionals and NYL actuaries including those in senior management
Mentorship Program
Prospect of securing a full-time position with New York Life
Sponsored social events
Participate in group volunteer event(s)

KEY DUTIES & RESPONSIBILITIES:

Serve as a quantitative developer to build new capabilities and maintain existing code infrastructure of our ALM platform
Partner with sector specialists, investment accounting, asset data and research teams to expand the company’s modeling capabilities, that includes a broad spectrum of the investment universe ranging from corporate bonds and structured products to alternative investment and derivatives.
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

Required Qualifications:

Working towards an undergraduate or master's degree from a college or university (preferred majors in Statistics, Data Science, Computer Science, Mathematics, or Financial Engineering)
Prefer cumulative GPA of 3.0 or higher
Excellent programming skills in an objected oriented language such as Python / C++ / VB.Net / C#. Familiarity with both relational and object data bases
Strong written and oral communication, and strong interpersonal skills
Analytically minded

OTHER DESIRED SKILLS & CHARACTERISTICS:

Ability to think outside the box
Ability to work independently as well as be a thought leader for others
Ability to work with tight deadlines and changing priorities and requirements
Ability to create effective partnerships with diverse roles and positions throughout the organization.

Quantitative Analyst Internship Fall 2023