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MGIC · 3 days ago

Structured Transactions Intern

Milwaukee, WI

Internship

Onsite

Intern

$38K/yr - $57K/yr

MGIC is a pioneer in private mortgage insurance, helping people achieve homeownership sooner. They are seeking a motivated intern to join their Structured Transactions team, where the intern will gain hands-on experience in credit risk transfer and risk analytics, working on quantitative modeling and credit risk analysis projects.

Financial ServicesInsurance

Comp. & Benefits

Responsibilities

Test third party Python scripts used for CRT cashflow modeling

Compare model outputs by utilizing internal development cashflow dashboard

Assist in analyzing CRT transaction structures, including tranche mechanics and pricing metrics

Collaborating on ad-hoc projects related to structured finance and credit risk analytics

Present your findings and insights to team members and managers

Qualification

PythonCredit risk analysisQuantitative modelingStructured financeAnalytical skillsProblem-solving skillsCommunication skills

Required

Pursuing a bachelor's or master's degree in quantitative finance/financial engineering, Economics, Risk Management, Applied Mathematics, or a related quantitative field

Ability to work full-time hours throughout the summer on-site at our downtown Milwaukee campus

Basic proficiency in Python for data validation and modeling

Strong analytical and problem-solving skills with attention to detail

Strong verbal and written communication skills and ability to translate technical findings into business terms