2027 Money Market Trading Summer Internship

Federated Hermes; Pittsburgh (Allegheny County); Hybrid; USD 20,000 - 26,000; Full time

Benefits offered by this job

Hybrid work schedule

Job summary

Federated Hermes invites talented students to join a Summer Internship Program in Pittsburgh, with hands-on experience on the money market trading desk. You will assist with trade execution, market monitoring, data reconciliation, and trade support while gaining insight into trading operations and financial markets.

The role emphasizes quantitative skills, programming in Python, exposure to Bloomberg tools, and collaboration across trading and research teams in a hybrid 4:1 in-office to remote

Qualifications

• 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; exposure to Bloomberg Terminal, Bloomberg BQuant, SQL, Git, or similar tools is preferred.
• Ability to communicate technical concepts clearly to both technical and nontechnical audiences.

Responsibilities

• Participate in trade execution, market, sector, and portfolio meetings to build knowledge of fixed income products and trading decisions.
• Trade support: assist with trade entry, confirmation, and settlement checks.
• Communication: monitor market chats, answer phones, read market analyses, and report findings to the group.
• Market research: track market movements, sector news, and economic data relevant to the desk’s positions.
• Data reconciliation: reconcile daily cash positions and monitor settlements and fund allocations.
• Participate in the development of AI solutions for money market trading activities.

Skills

Python

Data analysis

Financial markets

Communication

Education

Undergraduate or graduate student

Quantitative discipline

Tools

Bloomberg Terminal

SQL

Git

Bloomberg BQuant

Job description

Federated Hermes Internship Opportunity #9800

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.

Purpose of the Internship:

A summer intern would support the money market trading desk by assisting with trade execution, market monitoring, and operational controls while gaining hands‑on exposure to financial markets and trading operations. The intern will contribute to trade support activities, communication and information gathering, market research, cash and data reconciliation, and the monitoring of trade settlements and allocations under the supervision of experienced team members. This role is designed to develop the intern's understanding of trading, market dynamics, and operational processes while providing valuable support to the desk's daily activities.

Major Duties:

• Participate in trade execution, market, sector, and portfolio meetings to build knowledge of fixed income products, market structure, and trading decision‑making
• Trade support: assisting with trade entry, confirmation, and trade settlement checks
• Communication: Following market chats, answering phones, reading market analyses and reporting them to the group
• Market research: tracking market movements, sector news, and economic data relevant to the desk's positions, and summarizing findings for traders.
• Data reconciliation: reconciling daily cash positions
• Monitoring: trade settlements and fund allocations
• Participate in the development of AI solutions for money market trading activities

Hours/location:

• Federated Hermes Tower (FHT) – Pittsburgh, PA 15222
• Summer- Hybrid 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, with additional opportunities to engage with other areas of the company.

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. 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.

Only those candidates in whom we have an interest will be contacted.

The firm does not sponsor employment visas.

EOE – Including Disability / Vets

Federated 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.