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Summer 2024 Intern - Investment Solutions, Derivatives

Reinsurance Group of America
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Position Overview

Internship Overview

Internships give RGA Investments an opportunity to identify candidates to meet the future needs of our growing department while giving our interns valuable experience to jump start successful careers. As a Derivatives intern, you will work together with portfolio managers in Investment Solutions team to design and implement derivative strategies for hedging, replication, and income generation purposes within block reinsurance transaction. Assist in the development, monitoring and execution of RGA's derivative strategy across all asset classes and product types. This internship will test your mathematical, analytical, and problem-solving skills and will provide experience with numerous cutting-edge tools such as BlackRock’s Aladdin, Bloomberg, Python, Python QuantLib, SQL and OpenLink/FINDUR.

 

Responsibilities

  • Research, design, develop, and implement models and tools under the guidance of experienced teammates, leveraging your skillsets and knowledge to add value to RGA
  • Build automated processes to improve the efficiency of recurring tasks
  • Use proprietary and third-party systems to support RGA’s innovative culture, to retrieve data and perform derivative valuation and risk analysis
  • Configure risk-scenario simulations and related reporting under the guidance of experienced teammates
  • Work on other cross-functional projects as time permits

 

Requirements

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    • Must be enrolled as a full-time college student at the Junior, Senior or Graduate level pursuing a degree in Mathematics, Financial Mathematics, Finance, Computer Science (or similar computer programming designation), or related degree program at an accredited university
    • Strong analytical and problem solving skills are required
    • Ability to work well in an environment with multiple concurrent projects, managing project-based workflow within demanding time frames and adapting quickly to new methods
    • The most successful interns are creative self-starters who adapt well to change
    • Solid verbal and written communication skills are necessary
    • Technology savvy, programming and process improvement/automation skills
    • Advanced skills in the following applications and/or programming languages are a plus:
      • MS Office (Excel, Word, Access, and PowerPoint)
      • Python, SQL, Java, C++, R, VBA

Company Overview

RGA Overview

Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA celebrates its 50th anniversary in 2023. Over the past five decades, RGA has become one of the world’s largest and most respected reinsurers and is listed among Fortune’s World’s Most Admired Companies. The global organization is guided by a fundamental purpose: to make financial protection accessible to all. RGA is widely recognized for superior risk management and underwriting expertise, innovative product design, and dedicated client focus. RGA serves clients and partners in key markets around the world and has approximately $3.5 trillion of life reinsurance in force and assets of $89.0 billion as of June 30, 2023.

RGA Investments

Investments is comprised of over 190 associates located in offices in Hong Kong, London, Singapore, Toronto, and eight U.S. cities. Investments’ primary function within RGA is to invest cash flow to maximize investment income and improve profitability of business segments while remaining within the risk and rating constraints of the company. Investments plays an integral role in the growth of the business by developing customized portfolios for various and diverse business types.