MetLife 2024 Investments Summer Internship Program in Whippany, New Jersey
Job Title : Summer Analyst
Business Units : MetLife Insurance Investments (MII), Institutional Client Group (ICG), Insurance Asset Management (IAM), Office of the CIO, Operations, Private Capital, Derivatives, Public Fixed Income (PFI)
Locations : Philadelphia, PA; Whippany, NJ
Company Overview : MetLife Investment Management (MIM) is the institutional asset management business of MetLife, Inc. (NYSE: MET), one of the world’s leading financial services companies. MIM serves institutional investors, including MetLife’s general account investment teams, by combining a client-centric approach with deep, asset-class expertise established over 150 years of disciplined risk-management experience. Focused on managing Public Fixed Income, Private Capital, and Real Estate assets, we aim to deliver strong, risk-adjusted returns by building tailored portfolio solutions. MetLife Investment Management had $587.5 billion of total assets under management as of June 30, 2023, for our institutional clients and MetLife’s general account. Further information is available at investments.metlife.com.
Program Description : MetLife Investment Management’s Summer Analyst Program is a 10-week hybrid internship program providing participants broad exposure to a global investment manager and a specific asset class of their choosing. Summer analysts will develop various technical and soft skills, have the opportunity to network with professionals across the company, and fully immerse themselves in MIM’s culture.
Internship Program Dates : May 28 to August 2, 2024 (10 weeks)
Opportunity : Candidates will be able to rank their preferences for placement in the following business units and corresponding locations:
MetLife Insurance Investments; MII (Whippany, NJ) : MetLife Insurance Investments is responsible for the management of MetLife’s General Account investment portfolios and provides a critical component of the asset-liability management process. MII collaborates with asset sector specialists and the Market Strategies team to execute investment strategies and implement trades that support the liabilities of the MetLife General Account. Although portfolios primarily comprise fixed income securities, they may also include real estate and other equity investments. Portfolios are managed in a relative value framework, balancing current income and total return needs. The summer analyst will work with the MII team to analyze and implement investment strategies that help achieve earnings, growth, and risk management objectives. The summer analyst will assist in building reports for tracking investment income targets and quarterly asset allocation by business segment.
Institutional Client Group; ICG (Philadelphia, PA; Whippany, NJ) : The Institutional Client Group is responsible for driving the firm’s strategy and business development efforts with institutional investors globally. As a summer analyst, the candidate will work closely with team members, investment professionals, and other key stakeholders in a range of responsibilities related to growing the client business. This includes maintaining and enhancing a CRM system, sourcing prospective investors, researching competitor products, summarizing large datasets, assisting with various business strategy initiatives, and coordinating client/prospect meeting logistics and follow-ups.
Insurance Asset Management; IAM (Whippany, NJ) : MetLife Investment Management (MIM) was launched in 2012 to capitalize on our strong investment management performance for our General Account and currently manages over $587.5 billion of combined assets globally. The summer analyst will support the management of MetLife Holdings and Corporate & Other Segments. MetLife Holdings portfolios back run-off liabilities such as Life, Annuities, and Long-Term Care. The Corporate & Other segment contains mostly surplus, reinsurance, and hold-co portfolios. The summer analyst will provide ad hoc analysis on various portfolios or other topics. Additionally, the summer analyst will utilize tools such as BlackRock Aladdin, Excel, Bloomberg, and other tools to analyze portfolio issues.
Office of the CIO (Whippany, NJ) : The Office of the CIO provides a unique and exciting opportunity to thoroughly understand how the Investments Department’s investment strategy and process come together. The summer analyst in this role will work directly with MetLife Investment Management (MIM) Management Committee members and Affiliated Insurance Company Investment Management (AIC IM) Senior Leadership Team members. The candidate will compile high-level analyses of critical portfolio information for use by the Chief Investment Officer (CIO) and his direct reports, the Executive Leadership Team (ELT), MetLife’s Investment Committee of the Board of Directors, and MetLife shareholders.
Operations – Client Services Group (Philadelphia, PA; Whippany, NJ) : The Client Services Group creates and delivers client reporting related to MIM’s global product agenda, with a mandate to deliver products that support clients’ needs and business growth objectives. The team also serves as a critical connector for MIM’s clients and Product Strategy to ensure we deliver on our promises. This role will support the broad activities of the Client Services team. Key responsibilities include assistance with the facilitation of client reporting, timely and accurate report generation, ad-hoc client requests, and development of new efficiency processes.
Private Capital (Whippany, NJ) : The Private Capital department is an industry leader in institutional asset origination, managing over $128.8 billion across Private Corporates, Private Infrastructure, Residential Mortgage Loans, Alternatives, Middle Market Private Capital and Private Asset-Backed Securities, and is continuing to experience significant growth. MetLife’s portfolio of private fixed-income securities is one of the largest private credit portfolios globally. The summer analyst will be responsible for supporting the Private Placement team, including reporting, analysis, presentations, and ad hoc portfolio-related projects, as well as providing support for the more senior members of the team.
Derivatives (Whippany, NJ) : The Derivatives Group is responsible for managing MetLife’s $270 billion derivatives portfolio. Derivatives are a risk management tool that MetLife utilizes to manage market risks, including risks to changes in interest rates, foreign exchange, equity markets, and credit spreads. The analyst will support the Group and be introduced to the structure of the global derivative markets, derivative instruments used at MetLife, ALM strategies utilizing derivatives, and the practical aspects of managing a global derivatives portfolio.
Public Fixed Income; PFI (Philadelphia, PA; Whippany, NJ) : The Public Fixed Income summer analyst will support the trading, portfolio management, credit research, and operations functions of Public Credit Fixed Income. The Analyst will be introduced to high-yield and investment-grade corporate bond trading, structured product investing, credit research, portfolio analytics, and risk management. Time will be shared, supporting these groups in various capacities as needed. Within the program, you will work closely with portfolio managers and senior members of the research and trading groups to obtain a working knowledge of and take an active role in the investment process.
Candidate Skills and Qualifications :
MIM seeks to hire individuals who work well in team-based settings, are highly motivated, intelligent, have sound judgment, have solid analytical skills, and have demonstrated excellence in prior endeavors.
Required Skills and Qualifications :
• Candidate must be currently enrolled in a higher education institution and actively pursuing an undergraduate degree with a strong academic record and a demonstrated interest in finance / economics
• Candidate’s anticipated graduation date must be between December 2024 and June 2026
• Candidate must have a strong work ethic, personal and professional integrity, and be able to adapt to new challenges in a dynamic environment while handling multiple projects
• Candidate must be able to work independently and in a team environment, remaining detail-oriented and client-focused
• Candidate must have excellent written and verbal communication skills and feel comfortable interacting with management-level professionals
• Candidate must be familiar with Microsoft Office products such as Word, Excel, and PowerPoint
Preferred Skills and Qualifications :
• Advanced proficiency in Microsoft Office products such as Word, Excel, and PowerPoint is strongly preferred
APPLICATION DEADLINE IS OCTOBER 20TH AT 11:59PM
For additional information or to submit a resume for consideration, please contact:
MetLife is committed to building a purpose-driven and inclusive culture that energizes our people. Our employees work every day to help build a more confident future for people around the world. We want to make it simple for all interested and qualified candidates to apply for employment opportunities with MetLife. If you need assistance and/or a reasonable accommodation due to a disability during the application or the recruiting process, please send a request to email@example.com or call our Employee Relations Department at 1-877-843-3711.
MetLife is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at MetLife without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.
MetLife maintains a drug-free workplace. In connection with this open position, MetLife will only consider job applicants who are legally authorized to work in the United States without an employer-sponsored petition for a visa, such as an H-1B visa. It will not file any visa applications in connection with this position.