Quant Developer Intern, Fixed Income

Mackenzie Investments
CA - Toronto
January 4, 2025

Grade:
S3Division:
MI Investments Fixed Income & MASIGM Financial Inc.
is one of Canada's leading diversified wealth and asset management companies with approximately $271 billion in total assets under management.
The company provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals.Under IGM Financial's unique business model based on leading brands and multi-channel distribution strategy is Mackenzie Investments, founded in 1967.
Mackenzie Investments is a holistic asset-management partner for thousands of Canadian financial advisors and the investors they support.At Mackenzie Investments You Can Build Your Career with Confidence.We have a vision and a strategy that will challenge the way business in this industry is done and help Canadians be successful in the ways that mean the most to them.
As part of our team, you will do some of your best work, develop some of your most valuable skills and give back in ways that make a difference in the lives of Canadians.Join an unstoppable team that is embedded in continuous learning, understanding, and knowledge sharing.
You will thrive in our supportive environment where you can indulge your curiosity to learn, while receiving the feedback you need to refine your skills and abilities.
We are dedicated to offering a hybrid work environment when applicable.Mackenzie Investments is a diverse workplace committed to doing business inclusively - this starts with having a representative workforce! We encourage applications from all qualified candidates that represent the diversity present across Canada.PositionWe are seeking a motivated Credit Quant Intern to join our team for the summer term (May- August).
Candidates must be enrolled in an undergraduate program, preferably in a STEM field, and plan to return to school after the internship.This internship offers a unique opportunity to gain hands-on experience in validation of credit risk rating models, data analysis, and financial research.
Interns will assist in developing the credit team's quant infrastructure and will work closely with all team members, gaining exposure to all facets of the business.Responsibilities:
Assist in enhancement and validation of our proprietary Corporate Rating Assessment Tool.Collaborate with Director of credit research to perform stress testing of rating tool.Analyzing, reporting and communicating findings from back testing models.Support the team in ad-hoc quantitative research projects.Requirements:
Strong background in statistics:
Knowledge of hypothesis testing, regression analysis, and time series analysis.
Data handling skills such as experience data cleaning, preprocessing, and transformation.Back testing skills:
Experience with back testing frameworks and tools.Analytical and Problem Solving skills:
Self-starter with strong problem solving skills and the ability to think outside of the box.Communication Skills:
Team player who demonstrates strong interpersonal and communication skills.Educational Background:
Currently pursuing a degree in Mathematics, Engineering, Statistics or a related field.Demonstrates strong attention to detail with an ability to produce quality work with a high degree of accuracy.Other plus points:
Programming Skills:
Broad programming experience, with a working knowledge of Python and popular statistics libraries like scikit-learn and tensorflow.Previous experience in credit risk or financial modeling is a plus.What We Offer:
Hands-on experience with real-world financial data and models.Mentorship from experienced professionals in the field.Opportunity to work on impactful projects that contribute to the company's success.Competitive compensation and potential for future full-time opportunities.Please apply by January 19, 2025.We thank all applicants for their interest in Mackenzie Investments; however, only those candidates selected for an interview will be contacted.Mackenzie Investments is an accessible employer committed to providing a barrier free recruitment experience.
If you require an accommodation or this information in an alternate format at any stage of the recruitment process, please reach out to the Talent Acquisition team who will work with you to meet your needs.
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Read the full job description and apply online on the recuiter's web-site

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