2027 Fixed Income Trading Intern

2027 Fixed Income Trading Intern Federated Hermes Internship Opportunity #9788 Federated Hermes' Summer Internship Program gives students real hands-on experience, professional skill-building, and direct access to talented leaders across the firm. You'll gain valuable insight into the asset management industry, build your network, and take part in engaging events throughout the summer designed to foster collaboration, connect you with the firm and your fellow interns. Major Duties:Develop and enhance Python and Bloomberg BQuant applications supporting inventory, liquidity, relative-value, and market-color analysis.Clean, validate, organize, and analyze fixed income market, pricing, and reference data.Build dashboards, heat maps, technical indicators, and data visualizations for traders, analysts, and portfolio managers.Support factor-based research, sector analysis, and quantitative models for fixed income markets.Contribute to the backtesting framework by developing and evaluating trading strategies using statistical analysis, bootstrapping, cross-validation, and robustness testing.Apply sound statistical and quantitative methods to assess model performance, including return, risk, drawdown, and risk-adjusted performance measures.Improve application usability, performance, reliability, and documentation based on user feedback.Participate in desk, market, sector, and portfolio meetings to build knowledge of fixed income products, market structure, and trading decision-making.Present completed tools, research findings, and recommendations to members of the Fixed Income Trading team. Hours/location:Full-time summer schedule working 37.5 hours/weekFederated Hermes Tower – Pittsburgh, PA 15222Hybrid work arrangement (4 days in office / 1 day remote) Explanatory Comments: This internship is expected to run approximately 10–12 weeks during the summer. The role will include a structured onboarding experience covering fixed income fundamentals, trading-desk workflows, Bloomberg/BQuant, internal applications, data access, and quantitative backtesting tools. Projects will be aligned with active desk priorities and are expected to result in at least one practical application or quantitative research deliverable. Position Specifications:Pursuing an undergraduate or graduate degree in finance, economics, mathematics, statistics, computer science, engineering, data science, or a related quantitative discipline.Strong quantitative, analytical, and problem-solving abilities, with an interest in financial markets and fixed income investments.Demonstrated programming experience in Python; experience with data-analysis libraries and application development is preferred.Working knowledge of statistics, econometrics, machine learning, time-series analysis, or quantitative research methods.Familiarity with backtesting, model validation, optimization, bootstrapping, and cross-validation concepts is preferred.Experience working with large datasets, data cleaning, visualization, and dashboard development.Exposure to Bloomberg Terminal, Bloomberg BQuant, SQL, Git, or similar financial-data and development tools is preferred.Ability to communicate technical concepts and analytical conclusions clearly to both technical and nontechnical audiences.Detail-oriented, intellectually curious, self-motivated, and able to manage multiple assignments in a collaborative, fast-paced environment.Demonstrated interest in fixed income markets, trading, systematic strategies, or investment management. For consideration, please visit our company website and reference job #9788For additional information, please visit FederatedHermes.com Only those candidates in whom we have an interest will be contacted.We are interested in qualified candidates who are eligible to work in the United States. However, we are not able to sponsor visas. EOE – Including Disability / VetsFederated Hermes is committed to providing equal employment opportunities in all aspects of employment to qualified individuals without regard to the following criteria: race, color, national origin, religion, sex, pregnancy, sexual orientation, gender identity or expression, mental or physical disability, age, familial or marital status, ancestry, military status, veteran status or genetic information as well as any other prohibited criteria under any local, state or federal law applicable to Federated Hermes. As part of the firm’s equal employment opportunity statement, Federated Hermes will also comply with applicable government contractor obligations, including ensuring veterans and qualified people with disabilities are considered for employment and promotional opportunities consistent with current federal, state and local laws and regulations. Federated Hermes will also make reasonable accommodations for the religious practices of beliefs of applicants and employees, as well as for mental health or physical disability needs.