About the role
Position Summary
- The Public Finance team at Assured Guaranty is seeking a number of interns to join the team this summer.
- The Interns will work across a number of sub-groups which collaborate to create Assured’s origination and credit underwriting across U.S. Public Finance new business.
- Roles will include credit analysis and support across various municipal bond sectors and functions. Additional positions are available to support marketing and secondary market execution.
- Position typically includes summer-ending capstone project where a sample transaction is underwritten by a team of interns and presented to an informal credit committee.
Primary Responsibilities
The Interns will assist with the following tasks:
- Collaborate with third-party data vendors and clients to request financial and deal information which can then be entered into underwriting software packages.
- Monitor & analyze market information which can be shared both internally and externally with clients.
- Conduct ad-hoc data analysis and modeling to support credit analysts.
- Interact with credit analysts on flow business deals and prep deals prior to them being underwritten.
- Support Product Development and Modernization team to improve business processes by utilizing various company-approved AI tools.
- Using various platforms to help source new business opportunities on municipal bonds trading in the marketplace.
- Update marketing material to help new business efforts across bankers, financial advisors and investors.
Required Competencies (Knowledge, Skills, and Abilities)
- Minimum 3.0 GPA
- Proficiency in Excel, Bloomberg, and PowerPoint
- Ability to work on a small team and manage multiple responsibilities
- Strong willingness to learn new skills
- Basic knowledge of fixed income or capital markets preferred
- Strong programming skills in Python and SQL are necessary for some positions
- While any discipline will be considered, candidates studying finance, economics, mathematics, accounting, information technology, or similar subjects will be prioritized
The salary for the position is expected to be from $30 per hour to $32 per hour. The actual salary will depend on various factors, including but not limited to a candidate’s experience and credentials, salary expectations of applicable candidates, and other applicable market conditions. This position provides a weekly all-firm catered breakfast and lunch (Tuesday and Wednesday) as well as intern-specific meals and events.
Note: Housing stipend may be available for interns who will be residing outside of the tri-state area (New York, New Jersey, Connecticut) for the duration of the summer internship program (June 8 – July 30).