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New York Life Insurance Company · 1 week ago

2026 Junior Quant Developer - Asset Liability Management Summer Internship Program

New York, NY

Internship

Hybrid

Intern

$28/hr - $32/hr

Start in 2026 Summer

New York Life Insurance Company offers a dynamic internship experience across various business sectors, including finance and technology. The Asset Liability Management (ALM) & Investment Strategy Team seeks a Junior Quant Developer intern to contribute to quantitative modeling and investment strategies, providing hands-on experience and skill development.

FinanceFinancial ServicesInsurance

H1B Sponsor Likely

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

Complete challenging assignments and practical on the job experience

Develop your skills in the form of training and online courses (i.e. Python)

Network with NYL actuaries and professionals including those in senior management

Potentially secure a full-time position with New York Life

Participate in group volunteer event(s)

Qualification

StatisticsFinancial EngineeringPythonC++Data ScienceAnalytical MindsetInterpersonal CommunicationTeam Collaboration

Required

Currently working towards an Undergraduate, Graduate or PhD degree with an accredited college or university

Preferred majors in Statistics, Data Science, Computer Science, Mathematics, or Financial Engineering

Excellent programming skills in an objected oriented language such as Python / C++ / VB.Net / C#

Familiarity with both relational and object data bases

Strong knowledge of statistics or financial engineering

Strong coding skills

Ability to work effectively as part of a larger interdisciplinary team of quantitative finance and insurance professionals

Strong written, oral and interpersonal communication skills

Analytical mindset

Preferred

Cumulative GPA of 3.0 or higher

Ability to think outside the box as well as work independently and be a thought leader for others

Company

New York Life Insurance Company

For over 180 years, we’ve helped turn your biggest dreams into milestones that last a lifetime.

Founded in 1845

New York, New York, USA

10001+ employees

https://www.newyorklife.com/

H1B Sponsorship

New York Life Insurance Company has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (149)

2024 (99)

2023 (85)

2022 (77)

2021 (48)

2020 (65)