Job Family Administrative Services Who We Are Transamerica has been helping people feel better about the future for more than 100 years. We provide investment, retirement, and life insurance solutions to more than 11 million customers throughout the U.S. But the way we see it, our responsibility goes beyond our clients’ accounts. We’re in the business of helping people live well and empowering them to create a better tomorrow through the financial and health-related habits they form today. We help people prepare by providing solutions that consider the whole picture. What We Do Transamerica is organized by lines of business (Life Insurance, Annuities, Mutual Funds, Retirement Plans, Employee Benefits, and Financial Assets), which are supported by Transamerica Corporate (Corporate Development; Finance; Internal Audit; Legislative, Regulatory & Policy; Office of the CEO; People, Places & Brand; Risk; and Technology). Job Description Summary Internships are short-term work experiences for a designated period of time that allow college students the opportunity to observe and participate in the professional work environment, to explore how their interests relate to possible careers, and to gain practical experience in an industry relating to their field of study. Job Description Transamerica is searching for a summer Risk Analyst Intern who is eager to learn about asset liability management (ALM), hedging, and risk management within the life insurance business. The successful intern will work with experienced financial professionals on the ALM Strategies and PM (portfolio management) team to develop strategies and solutions to help the company achieve its financial goals. If you are interested in being part of an organization that makes an impact in our customers’ lives where out-of-box thinking is encouraged and rewarded, apply today! Responsibilities: Perform fund research by analyzing fund performance, evaluating fund strategies, maintaining fund mapping models and tools, and supporting ad hoc research such as hedge cost and hedgeability analysis. Support portfolio management and solutions development by researching capital market models and derivative pricing techniques, data mining, and back testing. Analyze capital markets, participate in portfolio management meetings, collect and consolidate market data, develop risk assessment tools, perform system tests and process reviews needed in hedging process in order to provide analytical supports to the PMs (portfolio management) Works with colleagues to monitor and maintain hedge models and hedge programs. Produce hedge performance reports. Conform with and abides by all regulations, policies, work procedures, instruction and all safety rules. Qualifications: Currently pursuing a graduate degree, such as actuarial science, finance, risk management, statistics, physics, math, or related field at an accredited college or university; candidates completing their master’s program in or between Fall 2023 and Spring 2024 preferred. Candidates based in the Baltimore, MD region, or willingness to relocate post-graduation, a plus. Internships are not available for students who have completed their college education or who will graduate prior to the conclusion of the internship. Programing skills in VBA, Python, R or similar languages. Quantitative skills in equity, interest rates modeling, derivative pricing and risk management. Demonstrate good understanding of capital market, investment and finance concepts with the ability to creatively apply these concepts in solving complex problems in a business setting. Rewards & Compensation: In addition to gaining exposure to the financial services and insurance industry, students gain access to intern exclusive events and networking opportunities throughout the summer while receiving a competitive compensation. The hourly rate for this position generally ranges between $17.00-$25.00 an hour for undergraduates and up to $35 an hour for graduate students. This range is an estimate, based on preexisting standards, operational needs and other considerations permitted by law. The range may vary above and below the stated amounts, as permitted by Colorado Equal Pay Transparency Rule 4.1.2. Working Environment: Flexible work location environment: internship may be remote or office based, dependent on candidate’s location. Prefer Baltimore Hybrid Fast paced deadline-driven environment. What We Offer For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees. Compensation Benefits Competitive Pay Bonus for Eligible Employees Benefits Package Pension Plan 401k Match Employee Stock Purchase Plan Tuition Reimbursement Disability Insurance Medical Insurance Dental Insurance Vision Insurance Stock Purchase Plan Employee Discounts Career Training & Development Opportunities Health and Work/Life Balance Benefits Paid Time Off starting at 160 hours annually for employees in their first year of service. Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays). Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child. Adoption Assistance Employee Assistance Program College Coach Program Back-Up Care Program PTO for Volunteer Hours Employee Matching Gifts Program Employee Resource Groups Inclusion and Diversity Programs Employee Recognition Program Referral Bonus Programs Peer Recognition Program (BRAVO) Inclusion & Diversity Transamerica has made a strong commitment to inclusion and diversity, and we are proud to be an organization where all perspectives are valued. Transamerica has earned recognition for its strong efforts year-over-year, including from the Human Rights Campaign’s Foundation Corporate Equality Index, the Diversity Best Practices Inclusion Index, and Seramount’s “100 Best Companies” list. In addition, as part of Transamerica’s commitment to maintaining an inclusive workplace, the company sponsors employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees and provide a supportive environment for raising diversity awareness and promoting inclusive behavior. Giving Back Transamerica believes our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a combination of financial grants and the volunteer commitment of our employees, this foundation supports nonprofit organizations focused on the education, health, and well-being of the communities where we live and work. https://www.transamerica.com/why-transamerica/aegon-transamerica-foundation Transamerica’s Parent Company Aegon acquired the Transamerica business in 1999. Aegon’s roots go back more than 175 years to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in the Americas, Europe, and Asia. Today, Aegon is one of the world’s leading financial services organizations, providing life insurance, pensions, and asset management. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity. Websites Transamerica | Protecting Your Wealth and Health since 1906 Aegon Group Corporate Website | Aegon Management Team Transamerica Leadership - Standing For Financial Innovation Since 1906 | Transamerica At Transamerica, hard work, innovative thinking and personal accountability are qualities that we honor and reward. We understand the potential that is unleashed by leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities and personal interests. Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment focused on helping customers secure their long-term financial futures. Transamerica is a part of AEGON, an international life insurance, pension, and asset management company. The AEGON companies employ approximately 28,000 people and have a strong presence in more than 20 countries across the globe. For more information, visit www.transamerica.com. For more information about Transamerica’s privacy practices, click here.