Intern

Overview

NISA Investment Advisors, LLC (NISA) offers customized investment solutions for tax-exempt and taxable institutional clients. NISA manages over $285 billion in fixed income and equity securities and over $159 billion in derivative notional value. We seek bright, motivated individuals who can contribute to our growing team of professionals. Candidates with a high degree of independent thinking skills, strong analytical and quantitative skills, and team playing abilities are encouraged to apply.

Responsibilities

NISA offers a project-based summer 2026 internship program for college students interested in learning about asset management for some of the largest institutional investors in the world. We tailor intern projects to match the interests of interns with our business needs while providing interns experience in various aspects of investment management. Interns are exposed to the broader firm and relevant market topics through an intern seminar series hosted by senior employees at NISA. Interns will be placed in one of NISA's functional areas where examples of projects include:

Portfolio Management
• Using python or excel to build tools & reports used for alpha trading relative value analysis
• Analyzing and developing proprietary trading tools to facilitate strategy development, trade execution, and performance attribution

Investment Strategies
• Conducting in-depth analysis of proprietary commodity trading strategies using intraday tick-level futures data, aimed at strengthening strategic insights and improving risk-adjusted returns
• Analyzing risk factors and idiosyncratic costs associated with commonly traded market futures (i.e., S&P 500, International Fixed Income Futures)

Credit Research
• Updating Credit Research models used to track earnings, assess company financial profile, compare financial metrics across companies and/or analyze and compare bond spreads
• Participating in earnings calls, new issue calls, sell-side analyst calls, and/or rating agency calls

Client Services
• Assisting client teams with the preparation of client reports and meeting materials
• Researching and analyzing U.S. corporate pension plan data to assess and report on funded status volatility

Operations
• Compiling bank data according to procedures throughout the day, which includes bank statements and collateral data
• Shadowing employees to understand all operational functions and how each group supports other departments at NISA

Qualifications
• Winter 2026 or Spring 2027 undergraduates are preferred
• Bachelor's degree in a strong analytical and quantitative field such as Accounting, Finance, Economics, Mathematics, Financial Engineering, or Computer Science required
• Strong written and verbal communication skills
• Ability to work in a fast-paced environment, both independently and within a team setting

NISA's culture encourages collaboration and innovation. We seek self-motivated, intellectually curious individuals willing to push themselves and others in an environment that celebrates fresh thinking. We equip employees with the resources needed to excel and we encourage personal development. NISA is dedicated to internally cultivating and rewarding talent. Employees at NISA are provided with a wide range of benefits, including health, dental, vision and life insurance options, paid time off, a competitive retirement plan, onsite cafeteria, fitness center, a health and wellness program and an educational assistance program.

NISA is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.